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Investcorp Credit Management BDC, Inc. Announces Financial Results for the Quarter Ended September 30, 2026

ICMB
  • Investcorp Credit Management BDC, Inc. reported fiscal quarter results ended September 30, 2026, with net asset value per share decreasing to $3.02 from $3.44.
  • Net assets fell by $6.0 million, or 12.16%, to $43.6 million, while total assets stood at $152.7 million.
  • The weighted average yield on debt investments at fair market value was 9.53% as of September 30, 2026, down from 10.51% in June 2026.
  • The company recorded a net investment loss before taxes of $1.8 million, or $0.13 per share, for the quarter.
  • ICMB's investment adviser waived all management fees for the quarter plus $0.2 million of previously accrued incentive fees.
  • Portfolio activity included $1.0 million in total capital invested in existing companies, $1.9 million in proceeds from repayments, and zero new investments.
  • As of September 30, 2026, the portfolio consisted of 31 companies, with 85.56% in first-lien investments, 14.32% in equity/warrants, 97.3% in floating rate debt, 2.7% in fixed rate debt, 0.12% in unsecured debt, and no new portfolio companies added.
  • Adjusted Net Asset Value per share was calculated at $3.06, reflecting a $0.6 million increase if the adviser's future fee waivers were recognized.
  • Subsequent events through November 11, 2026, included $11.5 million in repayments from five positions, reducing portfolio company count to 29.
  • On October 13, 2026, the company paid approximately $3.3 million in total to settle Section 851(i) tax liabilities for tax years 2024 and 2025.
  • On November 4, 2026, the company repaid $10.0 million of its outstanding Capital One Revolving Financing.
  • The company held $18.8 million in total cash as of September 30, 2026, with $10.1 million in unused commitment under its revolving credit facility.