Investcorp Credit Management BDC, Inc. is a business development company specializing in loan, mezzanine, middle market, growth capital, acquisitions, market/product expansion, organic growth, refinancings and recapitalization investments. It also selectively invests in mezzanine loans/structured equity and in the equity of portfolio companies through warrants and other instruments, in most cases taking such upside participation interests as part of a broader investment relationship. The fund typically invests in United States and Europe. Within United States, the fund seeks to invest in Midatlantic, Midwest, Northeast, Southeast, and West Coast regions. The fund primarily invests in cable and satellites; consumer services; healthcare equipment and services; industrials; information technology; telecommunication services; and utilities sectors. The fund seeks to invest between $5 million to $25 million in companies that have annual revenues of at least $50 million with EBITDA at least $15 million.
Company profile
Ticker
ICMB
Exchange
Website
CEO
Mr. Suhail Ahmad Shaikh
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
BAYVIEW ACQUISITION CORP
SEC CIK
ICMB stock data
Latest filings (excl ownership)
DEF 14A
Definitive proxy
21 Oct 24
10-K
2024 FY
Annual report
25 Sep 24
8-K
Changes in Registrant's Certifying Accountant
24 Sep 24
8-K
Departure of Directors or Certain Officers
2 Jul 24
10-Q
2024 Q3
Quarterly report
14 May 24
8-K
Investcorp Credit Management BDC, Inc. Announces CEO Transition
14 May 24
10-Q
2024 Q2
Quarterly report
16 Feb 24
NT 10-Q
Notice of late quarterly filing
14 Feb 24
8-K
Departure of Directors or Certain Officers
14 Feb 24
8-K
Entry into a Material Definitive Agreement
23 Jan 24
Transcripts
ICMB
Earnings call transcript
2024 Q4
27 Sep 24
ICMB
Earnings call transcript
2024 Q3
15 May 24
ICMB
Earnings call transcript
2024 Q2
23 Feb 24
ICMB
Earnings call transcript
2024 Q1
14 Nov 23
ICMB
Earnings call transcript
2023 Q4
19 Sep 23
ICMB
Earnings call transcript
2023 Q3
16 May 23
ICMB
Earnings call transcript
2023 Q2
14 Feb 23
ICMB
Earnings call transcript
2022 Q3
15 Nov 22
ICMB
Earnings call transcript
2022 Q4
7 Sep 22
ICMB
Earnings call transcript
2022 Q3
10 May 22
Latest ownership filings
3
Walter Tsin
2 Jul 24
SC 13D/A
CYRUS CAPITAL PARTNERS, L.P.
12 Mar 24
SC 13D/A
CYRUS CAPITAL PARTNERS, L.P.
20 Feb 24
SC 13D/A
CYRUS CAPITAL PARTNERS, L.P.
8 Jan 24
3
Suhail A. Shaikh
6 Feb 23
3
Initial statement of insider ownership
10 May 22
SC 13D/A
Investcorp S.A.
10 May 22
4
STEPHEN C FREIDHEIM
9 May 22
SC 13D/A
CYRUS CAPITAL PARTNERS, L.P.
9 May 22
SC 13G/A
KENNEDY CAPITAL MANAGEMENT, INC.
14 Feb 22
Financial summary
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Diluted EPS |
Annual (USD) | Jun 24 | Jun 23 | Jun 22 | Jun 21 | |
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 5.11 mm | 5.11 mm | 5.11 mm | 5.11 mm | 5.11 mm | 5.11 mm |
Cash burn (monthly) | 2.59 mm | 336.87 k | 2.59 mm | 2.94 mm | (no burn) | (no burn) |
Cash used (since last report) | 9.74 mm | 1.26 mm | 9.72 mm | 11.05 mm | n/a | n/a |
Cash remaining | -4.63 mm | 3.84 mm | -4.61 mm | -5.94 mm | n/a | n/a |
Runway (months of cash) | -1.8 | 11.4 | -1.8 | -2.0 | n/a | n/a |
Institutional ownership, Q2 2024
2.9% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 13 |
Opened positions | 13 |
Closed positions | 0 |
Increased positions | 0 |
Reduced positions | 0 |
13F shares | Current |
---|---|
Total value | 1.34 bn |
Total shares | 414.24 k |
Total puts | 30.10 k |
Total calls | 34.90 k |
Total put/call ratio | 0.9 |
Largest owners | Shares | Value |
---|---|---|
MS Morgan Stanley | 182.10 k | $611.86 mm |
LPL Financial | 58.15 k | $195.39 mm |
Raymond James & Associates | 39.19 k | $131.69 mm |
Citadel Advisors | 39.07 k | $131.66 mm |
International Assets Investment Management | 32.45 k | $109.03 mm |
Geode Capital Management | 16.94 k | $57.08 mm |
Raymond James Financial Services Advisors | 15.71 k | $52.79 mm |
Virtu Financial | 15.46 k | $52.00 k |
BAC Bank of America | 8.38 k | $28.17 mm |
UBS UBS | 6.73 k | $22.62 mm |