Business
Investcorp Credit Management BDC, Inc. Announces Financial Results for the Quarter and Year Ended December 31, 2025
Investcorp Credit Management BDC, Inc. Announces Financial Results for the Quarter and Year Ended December 31, 2025
About this update from Investcorp Credit Management Bdc, Inc.
[{"type":"text","content":"\nBoard Announces Review of Strategic Alternatives to Maximize Shareholder Value Led by Special Committee of Independent Directors\n\n\nCompany to Host Conference Call April 1st to Discuss the Financial Results\n\n\n NEW YORK--(BUSINESS WIRE)--\nInvestcorp Credit Management BDC, Inc. (NASDAQ: ICMB) (“ICMB” or the “Company”) announced its financial results today for its fiscal quarter and year ended December 31, 2025 and its Board has commenced a review of strategic alternatives led by a Special Committee of Independent Directors.\n\n\nThe Special Committee will be evaluating a broad range of strategic, financial and business configuration options for the Company. In parallel, the Board has decided to not declare a quarterly dividend for the current quarter ended March 31, 2026.\n\n\nFINANCIAL HIGHLIGHTS\n\n\n\nDuring the quarter, ICMB made a $1.5 million investment in one existing portfolio company.\n\n\n\nICMB fully realized its investments in three portfolio companies during the quarter, totaling $8.2 million in proceeds. The internal rate of return on these investments was 10.59%.\n\n\n\nDuring the quarter, the Company had net draws of $1.8 million on delayed draw and revolving credit commitments to portfolio companies.\n\n\n\nThe weighted average yield on debt investments, at fair market value, as of December 31, 2025, was 10.56%, compared to 10.87% for the quarter ended September 30, 2025.\n\n\n\nNet asset value decreased $0.79 per share to $4.25, compared to $5.04 as of September 30, 2025. Net assets decreased by $11.4 million, or 15.65%, during the quarter ended December 31, 2025 compared to September 30, 2025.\n\n\n\nOn March 30, 2026, ICMB refinanced its existing 4.875% Notes with new unsecured notes provided by an affiliate of its investment adviser with a floating rate of interest of SOFR plus 5.5% and a maturity of July 1, 2029.\n\n\n\n\n\nPortfolio results, as of and for the three months ended December 31, 2025:\n\n\n\n\n\n\n\n\nTotal assets\n\n\n\n\n\n\n$188.8 million\n\n\n\n\n\n\n\n\nInvestment portfolio, at fair value\n\n\n\n\n\n\n$172.7 million\n\n\n\n\n\n\n\n\nNet assets\n\n\n\n\n\n\n$61.3 million\n\n\n\n\n\n\n\n\nWeighted average yield on debt investments, at fair market value (1)\n\n\n\n\n\n\n10.56%\n\n\n\n\n\n\n\n\nNet asset value per share\n\n\n\n\n\n\n$4.25\n\n\n\n\n\n\n\n\nPortfolio activity in the curren...