Business
BCP Investment Corporation Announces Third Quarter 2025 Financial Results
Reports 50.0% Increase in Total Investment Income and 94.2% in Net Investment Income Announces Fourth Quarter 2025 Quarterly Base Distribution of $0.47 Per
About this update from Bcp Investment Corporation
[{"type":"text","content":"Reports 50.0% Increase in Total Investment Income and 94.2% in Net Investment Income Announces Fourth Quarter 2025 Quarterly Base Distribution of $0.47 Per Share Announces the Launch of the $9.0 Million Modified Dutch Auction Tender Offer NEW YORK, Nov. 06, 2025 (GLOBE NEWSWIRE) -- BCP Investment Corporation (NASDAQ: BCIC) (“BCIC” or “the Company”) announced today its financial results for the third quarter ended September 30, 2025. Milestone On July 15, 2025, the Company successfully completed the merger with Logan Ridge Finance Corporation (“LRFC”) with and into the Company, with the combined company now operating as BCP Investment Corporation. The transaction marked a significant milestone for the Company, providing increased scale, broader portfolio diversification, and enhanced operating efficiencies. Third Quarter 2025 Highlights Total investment income for the third quarter of 2025 increased 50.0% to $18.9 million, from $12.6 million in the second quarter of 2025.Core investment income1, excluding the impact of purchase price accounting, for the third quarter of 2025 was $15.3 million, as compared to $12.6 million for the second quarter of 2025.Net investment income (“NII”) for the third quarter of 2025 increased 94.2% to $8.8 million ($0.71 per share), as compared to $4.6 million ($0.50 per share) in the second quarter of 2025.Net asset value (“NAV”), as of September 30, 2025, increased 40.4% to $231.3 million ($17.55 per share), as compared to NAV of $164.7 million ($17.89 per share) as of June 30, 2025.Deployments of approximately $14.2 million and sales and repayments of approximately $43.8 million, resulting in net repayments and sales of approximately $29.6 million.Expect that between the tender offer, buybacks, and open market repurchases by management, the investment adviser and its affiliates, we anticipate total repurchases when combined with management’s, the Adviser’s and its affiliates’ ownership of BCIC’s outstanding common stock could approximate 10% of BCIC’s outstanding common stock by year end. Subsequent Events On October 7, 2025, the Company obtained a BBB- rating from a Nationally Recognized Statistical Rating Organization (“NRSRO”) with respect to the 5.25% fixed-rate convertible notes due 2032 (the “2032 Convertible Notes”) and the 5.25% fixed-rate notes due 2026 (the “LRFC 2026 Notes”). Starting on...