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Chicago Atlantic BDC, Inc. Reports Third Quarter 2026 Financial Results

LIENREFI
  • Chicago Atlantic BDC, Inc. (NASDAQ: LIEN) reported financial results for the quarter ended September 30, 2026.
  • Total investment income for the quarter was $15.4 million ($0.68 per share), up from $14.0 million in the prior quarter.
  • Net investment income for the quarter was $8.3 million ($0.36 per share), compared to $7.7 million in the previous quarter.
  • Net increase in net assets resulting from operations was $8.0 million ($0.35 per share) for the quarter.
  • The company's portfolio fair value reached $399.6 million across 39 portfolio companies.
  • Outstanding borrowings increased to $91.0 million, resulting in a debt-to-equity ratio of 0.30x.
  • The weighted average yield on debt investments was 15.5%, with 84.1% of the loan portfolio bearing variable interest rates.
  • Net asset value per share was $13.27 as of September 30, 2026.
  • The company funded $72.0 million in new debt investments to two new borrowers during the quarter.
  • No loans were on non-accrual status as of September 30, 2026.
  • A regular quarterly dividend of $0.34 per share was declared for the fourth quarter 2026, payable on January 15, 2027.
  • The Company's shelf registration statement on Form N-2 was declared effective, allowing the offering of up to $500 million in securities.
  • The proposed merger with Chicago Atlantic Real Estate Finance, Inc. (REFI) is expected to close in 2027, subject to stockholder approval.
  • Former REFI stockholders are expected to own approximately 50.5% of the combined company post-merger based on March 31, 2026 net asset values.
  • The Company hosted a conference call and webcast on November 12, 2026, to discuss third-quarter results.
Company
Chicago Atlantic BDC, Inc.
Keywords
Nasdaq:LIEN, Chicago Atlantic BDC, Inc.