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Investcorp Credit Management BDC, Inc. filings document its status as a Maryland business development company with common stock listed on the Nasdaq Global Select Market. The record includes Form 8-K reports for operating results, investment presentations, portfolio dashboard disclosures, and material agreements related to financing arrangements used by the BDC and its wholly owned subsidiary.
Its filings also cover governance and stockholder matters through definitive proxy materials, including annual-meeting procedures, director-related proposals and voting mechanics. Other disclosures address the company’s externally managed structure, investment adviser relationship, portfolio holdings, distributions, capital structure, and formal reports tied to board-level corporate actions.
Investcorp Credit Management BDC, Inc. disclosed that on May 27, 2026 it disposed of its entire exposure in Work Genius Holdings, Inc. and Work Genius, LLC for an aggregate fair market value of approximately $10.3 million. This represents a full exit from those positions and updates investors on a specific portfolio realization.
Investcorp Credit Management BDC, Inc. reported weak results for the quarter ended March 31, 2026, as market losses sharply reduced book value. Total investment income was $3.55 million, but higher expenses left net investment income before taxes at only $0.33 million, or $0.02 per share.
Large realized and unrealized losses on investments of $8.81 million led to a net decrease in net assets from operations of $8.63 million, or $(0.60) per share. Net asset value per share fell from $4.25 to $3.65, and total net assets declined to $52.7 million, a 14.07% drop for the quarter.
The investment portfolio at fair value declined to $151.4 million across 34 portfolio companies, with about 82.54% in first-lien debt and a weighted average debt yield of 11.95%. Leverage remained high, with debt of $108.1 million and a debt-to-equity ratio of 2.05x. No common stock distributions were paid in the quarter, and the company reduced its Capital One revolving facility size from $100 million to $50 million while also refinancing its 2026 notes into new 2029 notes.
Investcorp Credit Management BDC, Inc. reports first‑quarter 2026 results showing weaker performance and lower portfolio values. Total investments at fair value fell to $151.4 million from $172.7 million, driven largely by unrealized depreciation on several debt and equity positions.
The company generated net investment income after taxes of $185,082, but a sizable $8.8 million net realized and unrealized loss on investments led to a net decrease in net assets of $8.6 million. Net asset value per share declined from $4.25 at year-end 2025 to $3.65 at March 31, 2026.
ICMB refinanced its unsecured notes, issuing $65.0 million of 2029 notes and repaying its 2026 notes, while reducing borrowings on its revolving credit facility. Cash and restricted cash decreased to $11.6 million as of March 31, 2026, and restricted securities represented just over half of net assets.
Investcorp Credit Management BDC, Inc. amended its Capital One-led revolving credit facility through a sixth amendment to its Loan, Security and Collateral Management Agreement. The change reduces the facility size from $100 million to $50 million, lowering the maximum borrowing capacity available to its wholly owned financing subsidiary.
Investcorp Credit Management BDC, Inc. furnished an investment dashboard for the quarter ended December 31, 2025, outlining the structure and risk profile of its portfolio. The portfolio’s total fair market value was $172.7 million across 37 portfolio companies, 67 positions and 18 industries.
Approximately 81% of the portfolio consisted of senior secured debt, with a weighted-average coupon of 9.1% (including cash, PIK and base rate) and a portfolio loan-to-value of 46.3%. The weighted-average net leverage of portfolio companies was 5.2x and interest coverage was 2.2x.
Roughly 90% of portfolio fair market value carried internal risk ratings of 2 or 3, while non-accruals represented 6.9% of the portfolio. About 70.2% of deals were sponsor-backed and 66.1% were governed by covenants, with 20.2% of positions including PIK components.
Investcorp Credit Management BDC, Inc. announced that it has engaged Houlihan Lokey as financial advisor to assist the Special Committee of Independent Directors in an ongoing review of strategic alternatives aimed at maximizing shareholder value. The committee is evaluating a broad range of strategic, financial and business configuration options.
The company has not set a timetable, has made no decisions, and notes there is no assurance the review will result in any specific transaction or outcome. Management does not plan to provide further updates until a definitive course of action is approved, the review concludes, or additional disclosure is deemed appropriate.
Investcorp Credit Management BDC, Inc. reported weak results for the quarter and year ended December 31, 2025 and its Board began a review of strategic alternatives led by a special committee of independent directors. The Board also chose not to declare a quarterly dividend for the quarter ended March 31, 2026.
As of December 31, 2025, total assets were $188.8 million, net assets were $61.3 million and net asset value was $4.25 per share. For the quarter, net investment income before taxes was $0.3 million, or $0.02 per share, and the net decrease in net assets from operations was $9.4 million, or $0.65 per share, driven by about $9.5 million of net realized and unrealized losses.
The investment portfolio totaled $172.7 million at fair value across 37 portfolio companies, with 80.76% in first-lien debt and 19.24% in equity, warrants and other positions. The debt portfolio was 98.0% floating rate and the weighted average yield on debt investments was 10.56%. Debt-to-equity rose to 2.02x.
Subsequent to quarter end, the company arranged a $65.0 million unsecured note with an adviser affiliate, bearing interest at SOFR plus 5.50% and maturing July 1, 2029, to repay its 2026 notes due April 1, 2026. Management indicated this financing should keep the company in compliance with applicable asset coverage requirements.
Investcorp Credit Management BDC, Inc. is an externally managed business development company focused on lending to U.S. middle‑market firms, generally with enterprise values under $750 million. The company targets first and second lien and unitranche loans, plus selective unsecured and equity positions.
As of December 31, 2025, the portfolio held debt and equity investments in 37 companies with fair value of $172.7 million, concentrated in first lien debt and floating‑rate structures. Key sectors include professional services, IT services, insurance, diversified consumer services and commercial services & supplies.
The company uses a $100 million senior secured revolving credit facility with Capital One, maturing in 2029, now priced at SOFR plus 2.50%. Management emphasizes rigorous underwriting, covenant protections and partnerships with private equity sponsors to seek attractive risk‑adjusted returns and capital preservation.
Investcorp Credit Management BDC reported that Bulldog Investors, LLP and two associated individuals filed a Schedule 13G disclosing beneficial ownership of its common stock as of December 31, 2025.
Bulldog Investors, LLP reports beneficial ownership of 593,387 shares, representing 4.11% of the common stock. Phillip Goldstein reports beneficial ownership of 779,201 shares, or 5.4% of the class, while Andrew Dakos reports 557,929 shares, or 3.87%.
The filing details each filer’s sole and shared voting and dispositive power and notes that clients of Bulldog Investors and other accounts associated with Goldstein and Dakos are entitled to receive dividends and sale proceeds. The securities are certified as acquired and held in the ordinary course of business and not for the purpose of changing or influencing control of the company.
Investcorp Credit Management BDC, Inc. reported that it released preliminary financial results for the fiscal quarter ended September 30, 2025. The company announced these results through a press release and also posted a supplemental investor presentation on its website to provide additional detail around its earnings. Both the press release and the investor presentation are furnished as exhibits to this Form 8-K and are incorporated by reference.