GlobeNewswire·Nov 11, 2026, 6:00 PM ET

Investcorp Credit Management BDC, Inc. to Merge into BCP Investment Corporation

ICMB & BCIC announced a definitive merger agreement subject to ICMB stockholder approval.
ICMB's Board of Directors & Special Committee unanimously recommended the transaction.
Management expects the combination to generate cost synergies, lower financing costs, & improve trading liquidity.
Approximately 41% of ICMB's outstanding shares are held by key stockholders who agreed to vote in favor of the deal.
ICMB stockholders will receive 90% of ICMB's net asset value, paid in BCIC shares & cash.
The transaction values ICMB shares at approximately $2.49 per share, representing a 126% premium to ICMB's November 9, 2026 closing price.
Current ICMB stockholders are expected to own up to 16.7% of the combined company post-merger.
Closing is expected in the first calendar quarter of 2027, pending customary conditions.
A joint conference call to discuss the transaction is scheduled for November 12, 2026, at 8:00am Eastern Time.