Quarterly ResultAug 7, 2026, 04:24 PM
BCP Investment Corp Q2 Net Investment Income $5.5M; Amends KeyBank Facility
AI Summary
BCP Investment Corporation announced its Q2 2026 financial results, reporting net investment income of $5.5 million ($0.45 per share) and total investment income of $15.2 million. Net asset value declined to $179.5 million ($14.49 per share). The company also declared monthly base distributions of $0.09 per share for October, November, and December 2026. Subsequent to quarter-end, BCIC amended its KeyBank Credit Facility, increasing committed capacity to $150 million, reducing the spread, and extending maturity, while repaying and terminating its JPMorgan Revolving Credit Facility.
Key Highlights
- Net Investment Income (NII) for Q2 2026 was $5.5 million ($0.45 per share), down from $6.9 million ($0.55 per share) in Q1 2026.
- Total investment income for Q2 2026 was $15.2 million, compared to $17.6 million in Q1 2026.
- Net Asset Value (NAV) as of June 30, 2026, was $179.5 million ($14.49 per share), down from $193.0 million ($15.60 per share) as of March 31, 2026.
- Declared monthly base distributions of $0.09 per share for October, November, and December 2026.
- KeyBank Credit Facility capacity increased from $75.0 million to $150.0 million, with spread reduced by 30 basis points and maturity extended to August 2031.
- Non-accrual investments decreased to 11 across 7 portfolio companies (3.1% of fair value) from 12 across 9 (2.6% of fair value) in Q1 2026.
- Deployment of $20.9 million and repayments/sales of $34.9 million, resulting in net repayments/sales of $14.0 million.
- Weighted average annualized yield was approximately 12.0% as of June 30, 2026.
Price Impact
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