Investcorp Credit Management BDC, Inc. Reports Earnings Results for the Full Year Ended June 30, 2023
September 18, 2023 at 04:30 pm EDT
Share
Investcorp Credit Management BDC, Inc. reported earnings results for the full year ended June 30, 2023. For the full year, the company reported revenue was USD 26.68 million compared to USD 24.43 million a year ago. Net income was USD 3.23 million compared to USD 2.59 million a year ago.
Basic earnings per share from continuing operations was USD 0.22 compared to USD 0.18 a year ago.
Investcorp Credit Management BDC, Inc. is an externally managed, closed-end, non-diversified management investment company. The Companyâs investment objective is to maximize the total return to its stockholders in the form of current income and capital appreciation through debt and related equity investments by targeting investment opportunities with favorable risk-adjusted returns. The Company seeks to invest primarily in middle-market companies that have annual revenues of at least 50 million dollars and earnings before interest, taxes, depreciation, and amortization of at least 15 million dollars. It invests in standalone first and second lien loans and unitranche loans, with an emphasis on floating rate debt. It also selectively invests in unsecured debt, bonds and in the equity of portfolio companies through warrants and other instruments. It invests in various industry sectors, such as chemicals, software, and others. Its investment advisor is CM Investment Partners LLC.
INVESTCORP CREDIT MANAGEMENT BDC, INC. 
