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Crescent Capital BDC ( (CCAP) ) has issued an update.
Crescent Capital BDC issued $67.5 million of Tranche A senior unsecured notes due February 13, 2029 and $67.5 million of Tranche B senior unsecured notes due February 13, 2031 on February 13, 2026, carrying fixed coupon rates of 5.87% and 6.20%, respectively. The company also plans to issue $50 million of Tranche C senior unsecured notes due May 22, 2029 on May 22, 2026, subject to customary closing conditions, further diversifying its long-term funding.
In conjunction with the February 13, 2026 issuances, Crescent Capital BDC entered into interest rate swaps that convert the fixed-rate obligations on the Tranche A and Tranche B notes into floating-rate exposures based on three-month term SOFR plus respective spreads of 2.5325% and 2.8050%. These swaps, which match the maturities of the underlying notes, are designed to manage the company’s interest rate risk profile and align its liabilities more closely with floating-rate assets.
The most recent analyst rating on (CCAP) stock is a Hold with a $14.50 price target. To see the full list of analyst forecasts on Crescent Capital BDC stock, see the CCAP Stock Forecast page.
Spark’s Take on CCAP Stock
According to Spark, TipRanks’ AI Analyst, CCAP is a Neutral.
The score is driven mainly by mid-range financial quality with notable 2025 data comparability concerns, and weak technical momentum (below key moving averages with negative MACD). Offsetting factors include supportive valuation with a high dividend yield, while the latest earnings call was constructive on dividend coverage/liquidity but tempered by NAV/nonaccrual pressure and rate-driven earnings headwinds.
To see Spark’s full report on CCAP stock, click here.
More about Crescent Capital BDC
Crescent Capital BDC, Inc. is a Maryland-based business development company that provides financing solutions through the issuance of senior unsecured notes to qualified institutional investors. The company focuses on managing its capital structure and interest-rate exposure to support its lending and investment activities in the private credit markets.
Average Trading Volume: 209,802
Technical Sentiment Signal: Sell
Current Market Cap: $479.3M
Find detailed analytics on CCAP stock on TipRanks’ Stock Analysis page.