Investcorp Credit Management BDC, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended December 31, 2023
February 12, 2024 at 04:34 pm EST
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Investcorp Credit Management BDC, Inc. reported earnings results for the second quarter and six months ended December 31, 2023. For the second quarter, the company reported revenue was USD 6.24 million compared to USD 6.78 million a year ago. Net loss was USD 2.47 million compared to net income of USD 0.616859 million a year ago. Basic loss per share from continuing operations was USD 0.17 compared to basic earnings per share from continuing operations of USD 0.04 a year ago.
For the six months, revenue was USD 12.14 million compared to USD 13.08 million a year ago. Net loss was USD 4.15 million compared to net income of USD 2.27 million a year ago. Basic loss per share from continuing operations was USD 0.29 compared to basic earnings per share from continuing operations of USD 0.16 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. 
