Business
BCP Investment Corporation Announces Final Results of Its Modified “Dutch Auction” Tender Offer
Shares Tendered at $13.63 Per Share, Generating NAV Accretion of Approximately 1.0%¹ NEW YORK, Dec. 12, 2025 (GLOBE NEWSWIRE) -- BCP Investment Corporation
About this update from Bcp Investment Corporation
[{"type":"text","content":"Shares Tendered at $13.63 Per Share, Generating NAV Accretion of Approximately 1.0%¹\nNEW YORK, Dec. 12, 2025 (GLOBE NEWSWIRE) -- BCP Investment Corporation (NASDAQ: BCIC) (“BCIC” or the “Company”) today announced the final results of its modified “Dutch Auction” tender offer (the “Offer”) to purchase for cash up to an aggregate of $9.0 million in value of shares of its common stock, par value $0.01 per share, which expired at 11:59 P.M. ET on December 10, 2025. Based on the final count by Broadridge Corporate Issuer Solutions LLC, the depositary and paying agent for the Offer (the “Depositary”), a total of 4.4 million shares of BCIC’s common stock were validly tendered and not properly withdrawn at or below the purchase price of $14.93 per share, including shares that were tendered through notice of guaranteed delivery. The Offer was made by a group consisting of (i) BCP Investment Corporation, (ii) Edward Goldthorpe, President and Chief Executive Officer of the Company, (iii) Patrick Schafer, Chief Investment Officer of the Company, (iv) Brandon Satoren, Chief Financial Officer of the Company, (v) Joseph Morea, a member of the Company’s Board of Directors, (vi) George Grunebaum, a member of the Company’s Board of Directors, (vii) Sam Reinhart, an officer at an entity affiliated with the Company’s investment adviser, and (viii) Nikita Klassen, an officer at an entity affiliated with the Company’s investment adviser (collectively, with the Company, the “Offeror Group”). Each member of the Offeror Group purchased shares, severally and not jointly. In accordance with the terms and conditions of the Offer, the Offeror Group has accepted for purchase a total of 0.7 million shares of its common stock at a purchase price of $13.63 per share, for an aggregate cost of approximately $9.0 million excluding fees and expenses relating to the Offer. The 0.7 million shares accepted for purchase in the Offer represent approximately 5% of BCIC’s outstanding shares as of December 12, 2025. The Company purchased approximately the first $7.6 million of tendered shares, and the other members of the Offeror Group purchased, severally, and not jointly, approximately the remaining $1.4 million of tendered shares. The Depositary will promptly pay for the shares accepted for purchase in accordance with the terms and conditions of the Offer. Questions re...