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Stock impact report

Investcorp Credit Management BDC, Inc. Reports Results for its Fiscal Fourth Quarter Ended June 30, 2019

Investcorp Credit Management BDC, Inc. (ICMB) 
Last investcorp credit management bdc, inc. earnings: 2/10 05:10 pm Check Earnings Report
Company Research Source: GlobeNewswire
NEW YORK, Sept. 10, 2019 (GLOBE NEWSWIRE) -- Investcorp Credit Management BDC, Inc. (NASDAQ: ICMB) (“ICMB” or the “Company”) today announced its financial results for its fiscal fourth quarter ended June 30, 2019. The Company was formerly known as CM Finance Inc through August 30, 2019 HIGHLIGHTS ICMB made eleven investments in six portfolio companies. The Company invested $32.2mm in the quarter inclusive of funding of revolving and delayed draw commitments.  The weighted average yield of debt investments made in the quarter was 11.47%  Two investments were fully realized during the quarter. These were the Company’s debt investment in Nexeo Plastics, and its equity investment in Zinc Acquisition Holdings, LP The weighted average yield on debt investments, at cost, increased six basis points to 10.50%, compared to 10.44% as of March 31, 2019.  The change in LIBOR during the quarter accounted for a negative 25 basis point effect on the yield Net asset value (“NAV”) per share decreas Show less Read more
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