LOS ANGELES, Aug. 10, 2026 (GLOBE NEWSWIRE) — Crescent Capital BDC, Inc. (“Crescent BDC” or “Company”) (NASDAQ: CCAP) today reported net investment income of $0.36 per share and net income of $(0.09) per share for the quarter ended June 30, 2026. Net asset value (NAV) per share was $17.82 at June 30, 2026.

Dividend Declarations
The Company announced that its Board of Directors (the “Board”) declared a third quarter 2026 regular cash dividend of $0.34 per share to stockholders of record as of September 30, 2026, payable on October 15, 2026. Additionally, the second of three previously announced $0.03 per share special dividend will be paid on September 15, 2026 to stockholders of record as of August 31, 2026.(1)

Selected Financial Highlights
($ in millions, except per share amounts)

  As of and for the three months ended  
June 30, 2026     March 31, 2026     June 30, 2025  
Investments, at fair value   $ 1,570.7     $ 1,562.5     $ 1,600.7  
Total assets   $ 1,618.9     $ 1,617.7     $ 1,654.4  
Total net assets   $ 656.5     $ 674.0     $ 724.7  
Net asset value per share   $ 17.82     $ 18.27     $ 19.55  
                         
Investment income   $ 36.3     $ 37.9     $ 43.0  
Net investment income   $ 13.1     $ 15.5     $ 16.9  
Net realized gains (losses), net of taxes   $ (17.7 )   $ (11.6 )   $ (2.9 )
Net change in unrealized gains (losses), net of taxes   $ 1.3     $ (19.4 )   $ 1.0  
Net increase (decrease) in net assets resulting from operations   $ (3.3 )   $ (15.5 )   $ 15.0  
                         
Net investment income per share   $ 0.36     $ 0.42     $ 0.46  
Net realized gains (losses) per share, net of taxes   $ (0.48 )   $ (0.31 )   $ (0.08 )
Net change in unrealized gains (losses) per share, net of taxes   $ 0.03     $ (0.53 )   $ 0.03  
Net increase (decrease) in net assets resulting from operations per share   $ (0.09 )   $ (0.42 )   $ 0.41  
Regular distributions paid per share   $ 0.42     $ 0.42     $ 0.42  
Special distributions paid per share   $ 0.03     $ —     $ 0.05  
                         
Weighted average yield on income producing securities (at cost)(2)     9.6 %     9.8 %     10.4 %
Percentage of debt investments at floating rates     98.4 %     99.2 %     97.2 %


Portfolio & Investment Activity

As of June 30, 2026 and December 31, 2025, the Company had investments in 192 and 184 portfolio companies with an aggregate fair value of $1,570.7 and $1,569.4 million, respectively. The portfolio at fair value was comprised of the following asset types:

Portfolio Asset Types:

    As of  
$ in millions   June 30, 2026     December 31, 2025  
Investment Type   Fair Value     Percentage     Fair Value     Percentage  
Senior secured first lien   $ 373.9       23.8 %   $ 350.8       22.4 %
Unitranche first lien(3)     1,039.2       66.2       1,047.8       66.7  
Unitranche first lien – last out(3)     18.6       1.2       26.2       1.7  
Senior secured second lien     14.7       0.9       12.2       0.8  
Unsecured debt     25.2       1.6       19.0       1.2  
Equity & other     69.2       4.4       77.2       4.9  
LLC/LP equity interests     29.9       1.9       36.2       2.3  
Total investments   $ 1,570.7       100.0 %   $ 1,569.4       100.0 %

For the quarter ended June 30, 2026, the Company invested $57.0 million across 3 new portfolio companies and several follow-on revolver and delayed draw fundings. During this period, the Company had $36.1 million in aggregate exits, sales and repayments. For the quarter ended June 30, 2025, the Company invested $57.5 million across 3 new portfolio companies and several follow-on revolver and delayed draw fundings. For this period, the Company had $92.7 million in aggregate exits, sales and repayments.

Results of Operations

For the quarter ended June 30, 2026, total investment income was $36.3 million, compared to $37.9 million for the quarter ended March 31, 2026. The decrease was primarily driven by lower dividend income from the Company’s Logan JV investment and reduced accelerated amortization and prepayment fee income, reflecting lower repayment and refinancing activity during the quarter. These items were partially offset by higher recurring interest income from investments.

Interest income, which includes the amortization of upfront fees, accelerated amortization of original issue discount (“OID”) and prepayment fees, increased modestly to $34.7 million from $34.5 million in the prior quarter. Included in interest income was $0.2 million and $0.6 million of accelerated OID amortization related to investment repayments for the quarters ended June 30, 2026 and March 31, 2026, respectively.

Dividend income decreased to $1.2 million from $3.0 million, primarily reflecting lower distributions from the Company’s Logan JV investment. Other income, which includes consent, waiver, amendment, agency, underwriting and arranger fees, was $0.4 million in both periods.

For the three months ended June 30, 2026 and March 31, 2026, total net expenses, including income and excise taxes, were $23.2 million and $22.4 million, respectively.

Liquidity and Capital Resources

As of June 30, 2026, the Company had $35.7 million in cash and cash equivalents and restricted cash and $199.6 million of undrawn capacity on its credit facilities, subject to borrowing base and other limitations. The weighted average cost of debt on the Company’s debt outstanding as of June 30, 2026 was 6.13%.

The Company’s net debt-to-equity ratio(4) was 1.37x as of June 30, 2026.

Conference Call

The Company will host a webcast/conference call on Tuesday, August 11, 2026 at 12:00 p.m. (Eastern Time) to discuss its financial results for the quarter ended June 30, 2026. Please visit Crescent BDC’s webcast link located on the Events & Presentations page of the Investor Relations section of Crescent BDC’s website for a slide presentation that complements the earnings conference call.

All interested parties are invited to participate via telephone or the live webcast, which will be hosted on a webcast link located on the Events & Presentations page of the Investor Resources section of Crescent BDC’s website at www.crescentbdc.com. Please visit the website to test your connection before the webcast. Participants are also invited to access the conference call by dialing the following number:

Toll Free: (833) 461-5787
Conference ID: 675449280

All callers will need to reference the Conference ID once connected with the operator. An archived replay will be available via a webcast link located on the Investor Relations section of Crescent BDC’s website.

Endnotes

  Note: Numbers may not sum due to rounding.
     
  1) The third special dividend will be paid on December 15, 2026 to stockholders of record as of November 30, 2026.
     
  2) Yield includes performing debt and other income producing investments (excluding investments on non-accrual).
     
  3) Unitranche loans are first lien loans that may extend deeper in a company’s capital structure than traditional first lien debt and may provide for a waterfall of cash flow priority among different lenders in the unitranche loan. In certain instances, the Company may find another lender to provide the “first out” portion of such loan and retain the “last out” portion of such loan, in which case, the “first out” portion of the loan would generally receive priority with respect to payment of principal, interest and any other amounts due thereunder over the “last out” portion that the Company would continue to hold. In exchange for the greater risk of loss, the “last out” portion earns a higher interest rate.
     
  4) Net debt-to-equity represents principal debt outstanding, less cash and cash equivalents, divided by equity.

Crescent Capital BDC, Inc.
Consolidated Statements of Assets and Liabilities
(in thousands except share and per share data)
    As of
June 30, 2026
(Unaudited)		     As of
December 31, 2025		  
Assets            
Investments, at fair value            
Non-controlled non-affiliated investments (cost of $1,523,372 and $1,504,658, respectively)   $ 1,485,083     $ 1,479,473  
Non-controlled affiliated investments (cost of $30,445 and $26,826, respectively)     31,053       29,594  
Controlled investments (cost of $71,244 and $71,985, respectively)     54,532       60,351  
Cash and cash equivalents     15,604       5,043  
Restricted cash and cash equivalents     20,137       26,454  
Interest and dividend receivable     8,214       9,333  
Receivable from unsettled transactions     716       8,019  
Unrealized appreciation on foreign currency forward contracts     1,255       2,135  
Deferred tax assets     229       190  
Other assets     2,064       1,543  
Total assets   $ 1,618,887     $ 1,622,135  
             
Liabilities            
Debt (net of deferred financing costs of $9,527 and $5,841, respectively)   $ 922,945     $ 873,761  
Distributions payable     12,528       15,527  
Interest and other debt financing costs payable     12,397       12,370  
Management fees payable     3,972       5,037  
Incentive fees payable     2,279       3,468  
Unrealized depreciation on foreign currency forward contracts     1,756       2,134  
Unrealized depreciation on interest rate swaps     3,040       —  
Deferred tax liabilities     229       190  
Accrued expenses and other liabilities     3,290       3,610  
Total liabilities   $ 962,436     $ 916,097  
             
Net assets            
Preferred stock, par value $0.001 per share (10,000 shares authorized,
zero outstanding, respectively)		   $ —     $ —  
Common stock, par value $0.001 per share (200,000,000 shares authorized, 36,845,952 and 36,969,285 shares issued and outstanding, respectively)     37       37  
Paid-in capital in excess of par value     955,363       957,030  
Accumulated earnings (loss)     (298,949 )     (251,029 )
Total net assets   $ 656,451     $ 706,038  
Total liabilities and net assets   $ 1,618,887     $ 1,622,135  
Net asset value per share   $ 17.82     $ 19.10  

Crescent Capital BDC, Inc.
Consolidated Statements of Operations
(in thousands except share and per share data)
(Unaudited)
    For the three months ended June 30,     For the six months ended June 30,  
    2026     2025     2026     2025  
Investment Income:                        
From non-controlled non-affiliated investments:                        
Interest income   $ 32,540     $ 36,178     $ 64,744     $ 73,156  
Paid-in-kind interest     1,631       2,595       3,115       4,088  
Dividend income     183       172       944       172  
Other income     387       1,048       767       1,918  
From non-controlled affiliated investments:                        
Interest income     79       642       624       1,500  
Paid-in-kind interest     250       542       413       806  
Dividend income     —       —       —       258  
Other income     45       —       45       —  
From controlled investments:                        
Interest income     96       210       271       415  
Paid-in-kind interest     72       —       72       —  
Dividend income     1,040       1,600       3,240       2,800  
Other income     —       5       —       8  
Total investment income     36,323       42,992       74,235       85,121  
                         
Expenses:                        
Interest and other debt financing costs     14,863       15,151       28,605       29,787  
Management fees     3,977       5,089       8,899       10,127  
Income based incentive fees     2,307       3,579       5,295       7,098  
Professional fees     603       898       1,160       1,633  
Directors’ fees     163       163       332       327  
Other general and administrative expenses     840       861       1,749       1,828  
Total expenses     22,753       25,741       46,040       50,800  
Management fees waiver     (5 )     (13 )     (12 )     (33 )
Income based incentive fees waiver     (29 )     (23 )     (1,441 )     (55 )
Net expenses     22,719       25,705       44,587       50,712  
Net investment income before taxes     13,604       17,287       29,648       34,409  
Provision for income and excise taxes     506       400       1,058       901  
Net investment income     13,098       16,887       28,590       33,508  
Net realized and unrealized gains (losses) on investments:                        
Net realized gain (loss) on:                        
Non-controlled non-affiliated investments     (10,444 )     (2,445 )     (20,930 )     (5,505 )
Non-controlled affiliated investments     —       —       1,598       —  
Controlled investments     (7,482 )     —       (10,909 )     (3,800 )
Foreign currency transactions     71       (456 )     783       (99 )
Foreign currency forward contracts     203       —       203       —  
Net change in unrealized appreciation (depreciation) on:                        
Non-controlled non-affiliated investments and foreign currency translation     (4,961 )     4,236       (17,170 )     (5,923 )
Non-controlled affiliated investments     986       (744 )     (2,160 )     (411 )
Controlled investments     5,909       2,655       1,937       7,124  
Foreign currency forward contracts     (427 )     (5,120 )     (502 )     (5,977 )
Net realized and unrealized gains (losses) on investments     (16,145 )     (1,874 )     (47,150 )     (14,591 )
Benefit (provision) for taxes on realized gain on investments     (200 )     —       (200 )     –  
Net increase (decrease) in net assets resulting from operations   $ (3,247 )   $ 15,013     $ (18,760 )   $ 18,917  
                         
Per common share data:                        
Net increase (decrease) in net assets resulting from operations per share (basic and diluted):   $ (0.09 )   $ 0.41     $ (0.51 )   $ 0.51  
Net investment income per share (basic and diluted):   $ 0.36     $ 0.46     $ 0.78     $ 0.90  
Weighted average shares outstanding (basic and diluted):     36,854,446       37,061,547       36,888,816       37,061,547  


About Crescent BDC

Crescent BDC is a business development company that seeks to maximize the total return of its stockholders in the form of current income and capital appreciation by providing capital solutions to middle market companies with sound business fundamentals and strong growth prospects. Crescent BDC utilizes the extensive experience, origination capabilities and disciplined investment process of Crescent. Crescent BDC is externally managed by Crescent Cap Advisors, LLC, a subsidiary of Crescent. Crescent BDC has elected to be regulated as a business development company under the Investment Company Act of 1940. For more information about Crescent BDC, visit www.crescentbdc.com. However, the contents of such website are not and should not be deemed to be incorporated by reference herein.

About Crescent Capital Group

Crescent is a global credit investment manager with approximately $50 billion of assets under management. For over 30 years, the firm has focused on below investment grade credit through strategies that invest in marketable and privately originated debt securities including senior bank loans, high yield bonds, as well as private senior, unitranche and junior debt securities. Crescent is headquartered in Los Angeles with offices in New York, Boston, Chicago, London and Frankfurt with more than 235 employees globally. Crescent is a part of SLC Management, the institutional alternatives and traditional asset management business of Sun Life. For more information about Crescent, visit www.crescentcap.com. However, the contents of such website are not and should not be deemed to be incorporated by reference herein.

Contact:

Dan McMahon
daniel.mcmahon@crescentcap.com
212-364-0149

Forward-Looking Statements

This press release, and other statements that Crescent BDC may make, may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act, with respect to Crescent BDC’s future financial or business performance, strategies or expectations. Forward-looking statements are typically identified by words or phrases such as “trend,” “potential,” “opportunity,” “pipeline,” “believe,” “comfortable,” “expect,” “anticipate,” “current,” “intention,” “estimate,” “position,” “assume,” “outlook,” “continue,” “remain,” “maintain,” “sustain,” “seek,” “achieve,” and similar expressions, or future or conditional verbs such as “will,” “would,” “should,” “could,” “may” or similar expressions.

Crescent BDC cautions that forward-looking statements are subject to numerous assumptions, risks and uncertainties, which may change over time. Forward-looking statements speak only as of the date they are made, and Crescent BDC assumes no duty to and does not undertake to update forward-looking statements. Actual results could differ materially from those anticipated in forward-looking statements and future results could differ materially from historical performance.

In addition to factors previously disclosed in Crescent BDC’s SEC reports and those identified elsewhere in this press release, the following factors, among others, could cause actual results to differ materially from forward-looking statements or historical performance: (1) our future operating results; (2) our business prospects and the prospects of our portfolio companies; (3) the impact of investments that we expect to make; (4) our contractual arrangements and relationships with third parties; (5) the dependence of our future success on the general economy and its impact on the industries in which we invest; (6) the financial condition of and ability of our current and prospective portfolio companies to achieve their objectives; (7) our expected financings and investments; (8) the adequacy of our cash resources and working capital, including our ability to obtain continued financing on favorable terms; (9) the timing of cash flows, if any, from the operations of our portfolio companies; (10) the impact of increased competition; (11) the ability of our investment adviser to locate suitable investments for us and to monitor and administer our investments; (12) potential conflicts of interest in the allocation of opportunities between us and other investment funds managed by our investment adviser or its affiliates; (13) the ability of our investment adviser to attract and retain highly talented professionals; (14) changes in law and policy accompanying the current administration and uncertainty pending any such changes; (15) increased geopolitical unrest, terrorist attacks or acts of war, which may adversely affect the general economy, domestic and local financial and capital markets, or the specific industries of our portfolio companies; (16) changes and volatility in political, economic or industry conditions, the interest rate environment, foreign exchange rates or financial and capital markets; (17) the unfavorable resolution of legal proceedings; and (18) the impact of changes to tax legislation and, generally, our tax position.

Crescent BDC’s Annual Report on Form 10-K for the year ended December 31, 2025 and quarterly reports on Form 10-Q for the quarter ended March 31 and June 30, 2026, each filed with the SEC, identifies additional factors that can affect forward-looking statements.

Other Information

The information in this press release is summary information only and should be read in conjunction with Crescent BDC’s annual report on Form 10-K for the year ended December 31, 2025, which Crescent BDC filed with the U.S. Securities and Exchange Commission (the SEC) on February 25, 2026, Crescent BDC’s quarterly report on Form 10-Q for the quarter ended June 30, 2026, which Crescent BDC filed with the SEC on August 10, 2026 as well as Crescent BDC’s other reports filed with the SEC. A copy of Crescent BDC’s annual report on Form 10-K for the year ended December 31, 2025, Crescent BDC’s quarterly reports on Form 10-Q and Crescent BDC’s other reports filed with the SEC can be found on Crescent BDC’s website at www.crescentbdc.com and the SEC’s website at www.sec.gov.


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Crescent Capital BDC