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Sep 30, 2020
Crescent Capital BDC Q3 2020 Earnings Report
Crescent Capital BDC reported net investment income and a net increase in net assets for Q3 2020.
Key Takeaways
Crescent Capital BDC reported a net investment income of $12.2 million, or $0.43 per share, and a net increase in net assets resulting from operations of $38.3 million, or $1.36 per share, for the third quarter ended September 30, 2020. The net asset value per share was $19.07 at September 30, 2020, compared to $18.12 at June 30, 2020.
Net investment income was $12.2 million, or $0.43 per share.
Net increase in net assets resulting from operations was $38.3 million, or $1.36 per share.
Net asset value per share was $19.07.
The Board of Directors declared a fourth quarter 2020 dividend of $0.41 per share.
Crescent Capital BDC
Crescent Capital BDC
Crescent Capital BDC Revenue by Segment
Revenue by Segment
Senior Secured First Lien Revenue
CapyFin.comUnitranche First Lien Revenue
CapyFin.comUnitranche First Lien - Last Out Revenue
CapyFin.comSenior Secured Second Lien Revenue
CapyFin.comUnsecured Debt Revenue
CapyFin.comEquity & Other Revenue
CapyFin.comLLC/LP Equity Interests Revenue
CapyFin.com Forward Guidance
The same Crescent team will continue to focus on executing the same investment strategies and process after Sun Life acquires a majority economic interest in Crescent.
Positive Outlook
- Sun Life will acquire a majority economic interest in Crescent.
- The same Crescent team will continue to focus on executing the same investment strategies and process.
- Transaction is expected to occur in late 2020.
- Crescent BDC seeks to maximize the total return of its stockholders.
- Crescent BDC provides capital solutions to middle market companies.
Challenges Ahead
- Forward-looking statements are subject to numerous assumptions, risks and uncertainties.
- Actual results could differ materially from those anticipated in forward-looking statements.
- Dependence on the general economy and its impact on the industries in which we invest.
- The financial condition of and ability of our current and prospective portfolio companies to achieve their objectives.
- Potential conflicts of interest in the allocation of opportunities between us and other investment funds managed by our investment adviser or its affiliates.