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Investcorp Credit Management BDC, Inc. Announces Financial Results for the Fiscal Period Ended December 31, 2024, and Quarterly Distribution
Investcorp Credit Management BDC, Inc. Announces Financial Results for the Fiscal Period Ended December 31, 2024, and Quarterly
About this update from Investcorp Credit Management Bdc, Inc.
[{"type":"text","content":"\nInvestcorp Credit Management BDC, Inc. (NASDAQ: ICMB) (“ICMB” or the “Company”) announced its financial results today for its fiscal period ended December 31, 2024.\nHIGHLIGHTSOn March 20, 2025, the Company’s Board of Directors (the “Board”) declared a distribution of $0.12 per share for the quarter ending March 31, 2025, payable in cash on May 16, 2025, to stockholders of record as of April 25, 2025.\nDuring the quarter, ICMB made investments in two new portfolio companies and two existing portfolio companies. These investments totaled $9.9 million, at cost. The weighted average yield (at origination) of debt investments made in the quarter was 11.81%.\nICMB fully realized its investments in two portfolio companies during the quarter, totaling $7.6 million in proceeds. The internal rate of return on these investments was 17.20%.\nDuring the quarter, the Company had net repayments of $80,000 on its existing delayed draw and revolving credit commitments to portfolio companies.\nThe weighted average yield on debt investments, at fair value, for the quarter ended December 31, 2024, was 10.36%, compared to 10.51% for the quarter ended September 30, 2024.\nNet asset value decreased $0.16 per share to $5.39, compared to $5.55 as of September 30, 2024. Net assets decreased by $2.3 million, or 2.86%, during the quarter ended December 31, 2024 compared to September 30, 2024.\nPortfolio results, as of and for the three months ended December 31, 2024:\n\n \n\nTotal assets\n\n$206.9mm\n\nInvestment portfolio, at fair value\n\n$191.6mm\n\nNet assets\n\n$77.6mm\n\nWeighted average yield on debt investments, at cost (1)\n\n10.36%\n\nNet asset value per share\n\n$5.39\n\nPortfolio activity in the current quarter:\n\n \n\nNumber of investments in new portfolio companies during the period\n\n2\n\nNumber of portfolio companies invested in, end of period\n\n43\n\nTotal capital invested in existing portfolio companies (2)\n\n$4.2mm\n\nTotal proceeds from repayments, sales, and amortization (3)\n\n$8.7mm\n\nNet investment income (NII)\n\n$0.8mm\n\nNet investment income per share\n\n$0.06\n\nNet decrease in net assets from operations\n\n$(0.6)mm\n\nNet decrease in net assets from operations per share\n\n$(0.04)\n\nDistributions paid per common share\n\n$0.12\n\n(1)\n\nRepresents weighted average yield on total debt investments held as of D...