Press Release: Investcorp Credit Management BDC, Inc. Announces Financial Results for the Quarter Ended September 30, 2024, and Quarterly Distribution

Dow Jones

2024-11-13

The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by law.

View source version on businesswire.com: https://www.businesswire.com/news/home/20241112853490/en/

 
    CONTACT:    Investcorp Credit Management BDC, Inc.

Investor Relations

Email: icmbinvestorrelations@investcorp.com

Phone:(646) 690-5047

(END) Dow Jones Newswires

November 12, 2024 22:45 ET (03:45 GMT)

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Announces Financial Results for the Quarter Ended September 30, 2024, and Quarterly Distribution","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by law. \n</p>\n<p>\n     View source version on businesswire.com: https://www.businesswire.com/news/home/20241112853490/en/ \n</p>\n<pre>\n \n    CONTACT:    Investcorp Credit Management BDC, Inc. \n</pre>\n<p>\n     Investor Relations \n</p>\n<p>\n     Email: icmbinvestorrelations@investcorp.com \n</p>\n<p>\n     Phone:(646) 690-5047 \n</p>\n<pre>\n \n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  November 12, 2024 22:45 ET (03:45 GMT)\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Press Release: Investcorp Credit Management BDC, Inc. 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Announces Financial Results for the Quarter Ended September 30, 2024, and Quarterly Distribution\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2024-11-13 11:45</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by law. \n</p>\n<p>\n     View source version on businesswire.com: https://www.businesswire.com/news/home/20241112853490/en/ \n</p>\n<pre>\n \n    CONTACT:    Investcorp Credit Management BDC, Inc. \n</pre>\n<p>\n     Investor Relations \n</p>\n<p>\n     Email: icmbinvestorrelations@investcorp.com \n</p>\n<p>\n     Phone:(646) 690-5047 \n</p>\n<pre>\n \n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  November 12, 2024 22:45 ET (03:45 GMT)\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":null,"symbol_name":null,"start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2483014204","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2483014204","pubTimestamp":1731469500,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Investcorp Credit Management BDC, Inc. Announces Financial Results for the Quarter Ended September 30, 2024, and Quarterly Distribution. Investcorp Credit Management BDC, Inc.   announced its financial results today for its fiscal quarter ended September 30, 2024.On November 6, 2024, the Company's Board of Directors . declared a distribution of $0.12 per share for the quarter ending. December 31, 2024, payable in cash on January 8, 2025, to stockholders of. During the quarter, ICMB made investments in three new portfolio. companies and three existing portfolio companies. These investments. totaled $13.1 million, at cost, of which $0.5 million represents the. reinstatement of previously recorded paydowns for interest received from. Klein Hersh, LLC while it was on non-accrual status. The weighted average. yield  of debt investments made in the quarter was. ICMB fully realized its investments in two portfolio companies during. the quarter, totaling $13.4 million in proceeds. 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