Crescent Capital BDC Inc (NAS:CCAP)

Q2 2025 Crescent Capital BDC Inc Earnings Call Transcript

Aug 14, 2025 / 04:00 PM GMT

Release Date Price: $15.24 (+3.32%)

Transcript 8-K10-Q

Key Points

Positve

Crescent Capital BDC Inc (CCAP) reported net investment income of $0.46 per share, up from $0.45 per share in the previous quarter.
The company achieved a 110% base dividend coverage for the quarter, indicating strong earnings relative to dividends.
CCAP's investment portfolio is highly diversified, with 187 companies and an average investment size of approximately 0.6% of the total portfolio.
The company has consistently maintained an investment portfolio primarily consisting of first lien loans, representing 91% of the portfolio at fair value.
CCAP declared a regular dividend of $0.42 per share for the third quarter of 2025, marking its 38th consecutive quarter of earning its regular dividend.

Negative

Net asset value (NAV) per share decreased by $0.07 from the previous quarter, primarily due to a special dividend payment.
The company's watch list, which includes investments with potential credit issues, increased to 14% of the portfolio.
There was a slight increase in internally rated 4s and 5s, indicating a rise in the most challenged investments.
CCAP's non-accrual rate is in line with the broader industry but is not consistent with its historical metrics.
The company does not expect meaningful increases in net deployment on a quarter-to-quarter basis due to its current leverage range.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

CCAP.OQ - Crescent Capital BDC Inc
Q2 2025 Crescent Capital BDC Inc Earnings Call
Aug 14, 2025 / 04:00PM GMT

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Presentation
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Unidentified_1 [1]
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Good morning and welcome to Crescent Capital BDC Inc second quarter and the June 30, 2025 earnings conference call.

Please note that Crescent Capital BDC Inc. May be referred to as CCAT, Crescent BDC or the company throughout the call. I'll start with some important reminders. Comments made over the course of this conference call and webcast may contain forward-looking statements on our subject to risk and uncertainties.

The company's actual results could differ materially from those expressed in such forward-looking statements for any reason, including those listed in its SEC filings.

The company assumes no obligation to update any such forward-looking statements.

Please note that task

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