Investcorp Credit Management BDC Announces Q1 2025 Financial Results and Declares Quarterly and Supplemental Distribution

Investcorp Credit Management BDC reported Q2 net asset value of $5.27 per share, down $0.15 from Q1. The company made investments totaling $19.0 million in the quarter and fully realized its investments in three portfolio companies, generating $9.5 million in proceeds. ICMB declared a $0.12 per share quarterly distribution and a $0.02 per share supplemental distribution.

Investcorp Credit Management BDC, Inc. (NASDAQ: ICMB) reported its financial results for the second quarter ended June 30, 2025, with a net asset value (NAV) per share of $5.27, down $0.15 from the previous quarter's $5.42. The company made investments totaling $19.0 million during the quarter, with a weighted average yield of 9.03% on debt investments. ICMB fully realized its investments in three portfolio companies, generating $9.5 million in proceeds, and had net advances of $2.9 million on new and existing delayed draw and revolving credit commitments to portfolio companies.

The weighted average yield on debt investments, at fair market value, for the quarter ended June 30, 2025, was 10.57%, compared to 10.95% for the quarter ended March 31, 2025. The company's net assets decreased by $2.1 million, or 2.71%, during the quarter ended June 30, 2025, compared to March 31, 2025. The total net decrease in net assets resulting from operations for the quarter was $0.4 million.

ICMB declared a $0.12 per share quarterly distribution and a $0.02 per share supplemental distribution, payable on October 9, 2025, to stockholders of record as of September 18, 2025. This distribution represents a 20.07% yield on the Company’s $2.79 share price as of market close on June 30, 2025.

The company's investment portfolio consisted of investments in 43 portfolio companies, of which 79.23% were first lien investments and 20.77% were equity, warrants, and other investments. The debt portfolio consisted of 98.50% floating rate investments and 1.50% fixed rate investments.

As of June 30, 2025, the company had $17.3 million in cash, of which $14.4 million was restricted cash, and $29.5 million of unused and available capacity under its revolving credit facility with Capital One, N.A.

References:
[1] https://www.stocktitan.net/news/ICMB/investcorp-credit-management-bdc-inc-announces-financial-results-for-i6g8rtvusyia.html