Earnings Feed
Start Free
|8-KJan 30, 4:05 PM ET

Crescent Private Credit Income Corp 8-K

Research Summary

AI-generated summary

Updated

Crescent Private Credit Income Corp Declares Distributions, Reports NAV

What Happened

  • Crescent Private Credit Income Corp filed an 8‑K (Item 8.01) announcing regular and special distributions for January 2026, the fund’s net asset value (NAV) as of December 31, 2025, and the status of its ongoing share offerings. Record date for the distributions is January 31, 2026, with payment on or about February 27, 2026. Shareholders may receive cash or reinvest via the fund’s distribution reinvestment plan.

Key Details

  • Distributions (per share):
    • Class I: Gross $0.16000 + Special $0.04000 = Net $0.20000 (no servicing fee)
    • Class S: Gross $0.16000 + Special $0.04000 = $0.20000 less servicing fee $0.01917 → Net $0.18083
  • NAV and portfolio (as of Dec 31, 2025):
    • NAV per share: Class I $27.06; Class S $27.06
    • Aggregate NAV: ~$465.1 million; fair value of portfolio investments: ~$879.6 million
    • Principal debt outstanding: $420.0 million → debt-to-equity ≈ 0.90x
  • Offering status and issuance to date:
    • Registered offering (up to $2.5B) ongoing monthly
    • Total Common Shares issued: 18,812,488; total consideration received: $499.36 million
    • Breakdown: Registered Class I 12,267,221 shares ($331.28M); Private Class I 6,543,033 shares ($168.02M)
    • No underwriting fees charged by the fund; selling agents may charge placement/brokerage fees up to 3.5% NAV for Class S and 1.5% NAV for Class D (none for Class I)

Why It Matters

  • Income: The announced distributions provide expected cash (or reinvestment) income for shareholders in February 2026; Class I holders receive the full $0.20 per share net, while Class S holders receive $0.18083 net after a servicing fee.
  • Valuation & leverage: NAV per share and the reported debt ($420M) vs. NAV ($465.1M) give investors a snapshot of the fund’s leverage (debt-to-equity ~0.90x) and portfolio scale, useful when assessing risk and yield.
  • Capital raises: The continuing registered offering and prior private placements have raised about $499.4M to date, indicating ongoing capital raising that can support further investments or liquidity needs.