Loan & DebtAug 6, 2026, 05:02 PM
BCP Investment Amends KeyBank Credit Facility, Declares $0.09 Monthly Dividend
AI Summary
BCP Investment Corporation announced its Q2 2026 financial results, reporting a Net Investment Income of $5.5 million ($0.45 per share) and a Net Asset Value of $14.49 per share, both down from the previous quarter. Subsequent to quarter-end, the company significantly amended its KeyBank Credit Facility, increasing committed capacity to $150 million, reducing the borrowing spread by 30 basis points, and extending the maturity to 2031. The company also declared monthly base distributions of $0.09 per share for October, November, and December 2026, and repaid its JPMorgan Revolving Credit Facility.
Key Highlights
- Amended KeyBank Credit Facility: capacity increased to $150M from $75M.
- KeyBank Credit Facility spread reduced by 30 bps, maturity extended to 2031.
- Declared monthly base distributions of $0.09/share for Oct, Nov, Dec 2026.
- Q2 2026 Net Investment Income (NII) was $5.5M ($0.45 per share).
- Net Asset Value (NAV) was $14.49 per share as of June 30, 2026.
- Total investment income for Q2 2026 was $15.2M.
- Non-accrual investments decreased to 11 across 7 portfolio companies.
- Net leverage as of June 30, 2026, was 1.6x, down from 1.8x.
Price Impact
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