Chicago, March 24 – Investcorp Credit Management BDC Inc. sold a $65 million offering of 4.875% notes due April 1, 2026 at 99.453, according to a press release.
Raymond James & Associates, Inc. is the bookrunner.
The notes can be optionally redeemed at any time at par plus a make-whole premium.
Proceeds will be used to redeem all of the issuer’s outstanding 2023 6.125% notes and to fund investments in middle-market companies in accordance with its investment objective and strategies and for working capital and general corporate purposes, according to a 424B5 filing with the Securities and Exchange Commission.
Formerly known as CM Finance Inc., the issuer is a New York City-based middle market business development company.
| Issuer: | Investcorp Credit Management BDC Inc.
|
| Issue: | Notes
|
| Amount: | $65 million
|
| Maturity: | April 1, 2026
|
| Bookrunners: | Raymond James & Associates, Inc.
|
| Coupon: | 4.875%
|
| Price: | 99.453
|
| Call features: | Make-whole call at any time
|
| Trade date: | March 24
|
| Settlement date: | March 31
|
| Distribution: | SEC registered
|
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