ICMB
Investcorp Credit Management BDC, Inc.2.8000
+0.0200+0.72%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q3 '26
Key Stats
Market Cap
40.38MP/E (TTM)
9.33Basic EPS (TTM)
0.30Dividend Yield
0.17%Recent Filings
8-K
Elects Mauer to board
8-K
Q3 NAV drops to $5.04
Investcorp Credit Management BDC reported Q3 net assets down $3.3 million to $72.7 million, with NAV falling $0.23 to $5.04 amid $7.5 million in portfolio realizations at 12.67% IRR. Yields rose to 10.87%, yet operations lost $1.3 million. Board declared $0.14 per share distribution payable December 12. Secured ICAP backstop up to $65 million for 2026 notes maturity.
10-Q
Q3 FY2025 results
Investcorp Credit Management BDC posted Q3 investment income of $4.4M, down from $6.8M y/y amid lower PIK and index rates, yet net investment income held at $0.5M after expense cuts. Total portfolio ticked to $196.1M (78% first-lien), but unrealized depreciation hit $1.8M while operations swung to a $1.3M loss versus $6.6M gain y/y; NAV dipped to $5.04. Debt steady at $128.5M ($63.5M revolver to 2029, $65M 2026 Notes at 4.875%), with $11.6M cash/restricted and solid 1.57x coverage. Non-GAAP metrics not disclosed in the 10-Q. Portfolio non-accruals improved to 1.1%. Restructurings drag marks.
8-K
Q2 NAV falls to $5.27
Investcorp Credit Management BDC reported Q2 2025 results on August 12, with net investment income of $0.8mm before taxes and NAV dipping to $5.27 per share from $5.42. It invested $19.0mm across five portfolio companies at 9.03% average yield, fully exited three for $9.5mm at 32.82% IRR, yet posted a $0.4mm net operations loss. Board declared $0.14 total distribution and $5mm share repurchase program. NAV erosion persists.
10-Q
Q2 FY2025 results
Investcorp Credit Management BDC posted Q2 investment income of $4.5M, down 11% y/y from $5.1M amid lower rates and PIK balances, yet expenses fell 6% to $3.7M on cheaper debt. Net investment income slipped to $0.6M from $1.3M, but $2.2M realized gains offset $3.2M unrealized depreciation for a $0.4M operating loss. NAV dipped to $5.27 from $5.39; debt climbed to $135.5M ($70.5M revolver at SOFR+2.50%, $65M 2026 Notes at 4.875%) with 1.56x coverage. Cash plus restricted hit $17.3M. Portfolio steady at $204.1M across 43 names. Nonaccruals improved to 1.58%. Credit risk lingers in workouts.
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