Sector: Financials | Industry: Closed End Funds |
See Regulatory Filings on SEC |
Company Contact | |
Address: | 280 PARK AVENUE, 39TH FLOOR NEW YORK NY 10017 |
Tel: | N/A |
Website: | https://icmbdc.com |
IR: | See website |
Key People | ||
Michael C. Mauer Chairman of the Board, Chief Executive Officer | Suhail A. Shaikh President, Director | Peter Sattelmair Chief Financial Officer |
Business Overview |
Investcorp Credit Management BDC, Inc. is an externally managed, closed-end, non-diversified management investment company. The Company's investment objective is to maximize the total return to its stockholders in the form of current income and capital appreciation through debt and related equity investments by targeting investment opportunities with favorable risk-adjusted returns. The Company seeks to invest primarily in middle-market companies that have annual revenues of at least 50 million dollars and earnings before interest, taxes, depreciation, and amortization of at least 15 million dollars. It invests in standalone first and second lien loans and unitranche loans, with an emphasis on floating rate debt. It also selectively invests in unsecured debt, bonds and in the equity of portfolio companies through warrants and other instruments. It invests in various industry sectors, such as chemicals, software, and others. Its investment advisor is CM Investment Partners LLC. |
Financial Overview |
For the six months ended 31 December 2023, Investcorp Credit Management Bdc Inc revenues decreased 7% to $12.1M. Net loss totaled $4.6M vs. income of $2.3M. Revenues reflect Total interest income decrease of 10% to $10.6M, Total other fee income decrease of 24% to $433K, Total dividend income decrease from $102K to $0K. Net loss reflects Net realized gain (loss) from investment increase from $0K to $5.9M (expense). |
Reporting Currency: | U.S. Dollars |
Enterprise value: | $176.57M as of Dec 31, 2023 |
Annual revenue (TTM): | $25.75M as of Dec 31, 2023 |
EBITDA (TTM): | $7.95M as of Dec 31, 2023 |
Net annual income (TTM): | -$3.59M as of Dec 31, 2023 |
Free cash flow (TTM): | $14.63M as of Dec 31, 2023 |
Net Debt Last Fiscal Year: | $130.79M as of Dec 31, 2023 |
Shares outstanding: | 14,397,121 as of Feb 16, 2024 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |