BCP Investment Corp Issues $10M of 7.50% Notes Due 2029

What Happened
BCP Investment Corporation announced on September 2, 2026 (8-K filed September 3, 2026) that it entered into a Note Purchase Agreement to issue $10,000,000 of additional 7.50% notes due 2029. The new notes will be consolidated with an existing $50,000,000 series of 7.50% Notes issued March 24, 2026 and will share the same terms (other than issue date). The Notes mature on September 24, 2029 and pay interest at 7.50% per year, payable semi‑annually on April 30 and October 30 (interest commencement noted as April 30, 2026).

Key Details

• Amount: $10,000,000 in additional 7.50% notes due 2029 (consolidated with prior $50,000,000 series).
• Use of proceeds: repay $10.0M of LRFC 5.25% fixed rate notes due 2026 and to pay down other indebtedness.
• Terms: unsecured general obligations, pari passu with other unsecured unsubordinated debt, junior to secured debt and structurally junior to subsidiaries’ indebtedness; redeemable prior to April 24, 2029 at par plus a make‑whole premium, and at par on/after April 24, 2029.
• Covenants & filings: issued under the existing Indenture (Base Indenture dated Oct 10, 2012 and Sixth Supplemental Indenture dated Mar 24, 2026); Indenture includes covenants on asset coverage, financial reporting if reporting status changes, and efforts to maintain a rating. Note Purchase Agreement and legal opinion were filed as exhibits.

Why It Matters
This transaction creates a new direct financial obligation and increases the company’s unsecured debt by $10M while replacing an equal amount of higher‑priority LRFC notes due in 2026. Investors should note the higher coupon (7.50%) relative to the 5.25% LRFC notes being repaid, the maturity extension to 2029, and the applicable covenants that may affect the company’s financing flexibility.