<SEC-DOCUMENT>0001193125-19-268109.txt : 20191016
<SEC-HEADER>0001193125-19-268109.hdr.sgml : 20191016
<ACCEPTANCE-DATETIME>20191016092711
ACCESSION NUMBER:		0001193125-19-268109
CONFORMED SUBMISSION TYPE:	497AD
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20191016
DATE AS OF CHANGE:		20191016

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Investcorp Credit Management BDC, Inc.
		CENTRAL INDEX KEY:			0001578348
		IRS NUMBER:				462883380
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			0630

	FILING VALUES:
		FORM TYPE:		497AD
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-223999
		FILM NUMBER:		191152037

	BUSINESS ADDRESS:	
		STREET 1:		65 EAST 55TH STREET
		STREET 2:		15TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10022
		BUSINESS PHONE:		212-388-5813

	MAIL ADDRESS:	
		STREET 1:		65 EAST 55TH STREET
		STREET 2:		15TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10022

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	CM Finance Inc
		DATE OF NAME CHANGE:	20130531
</SEC-HEADER>
<DOCUMENT>
<TYPE>497AD
<SEQUENCE>1
<FILENAME>d817929d497ad.htm
<DESCRIPTION>INVESTCORP CREDIT MANAGEMENT BDC, INC.
<TEXT>
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<TITLE>Investcorp Credit Management BDC, Inc.</TITLE>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Filed Pursuant to Rule 497(a) </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>File <FONT STYLE="white-space:nowrap">No.&nbsp;333-223999</FONT> </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Rule 482 AD </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Investcorp
Credit Management BDC, Inc. Prices Public Offering of $15 Million of Additional 6.125% Notes Due 2023 </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">New York, New York &#150; October&nbsp;16, 2019
&#150; Investcorp Credit Management BDC, Inc. (formerly CM Finance Inc) (the &#147;Company&#148;) (NASDAQ: ICMB) announced today that it has priced a registered public offering of $15&nbsp;million in aggregate principal amount of additional 6.125%
Notes due 2023 (the &#147;Notes&#148;). The Notes constitute a further issuance of, rank equally in right of payment with, and form a single series with the $34.5&nbsp;million in aggregate principal amount of the 6.125% Notes due 2023 that the
Company initially issued on July&nbsp;2, 2018 and July&nbsp;12, 2018 (the &#147;Existing Notes&#148;). The Company estimates that the net proceeds it will receive from the sale of the Notes will be approximately $14,531,250 (or approximately
$16,710,938 if the underwriters exercise their over-allotment option in full), in each case based on the underwriters purchasing the Notes from the Company at 100% of the aggregate principal amount, after deducting the underwriting discount of
$468,750 (or approximately $539,063 if the underwriters fully exercise their over-allotment option) payable by the Company and estimated offering expenses of approximately $255,000 payable by the Company. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The Notes will mature on July&nbsp;1, 2023 and may be redeemed in whole or in part at any time, or from time to time, at the Company&#146;s option on or after
July&nbsp;1, 2020. The Notes will bear interest at a rate of 6.125% per year, payable quarterly on January&nbsp;1, April&nbsp;1, July&nbsp;1 and October&nbsp;1 of each year, beginning on January&nbsp;1, 2020. The Company has also granted the
underwriters a <FONT STYLE="white-space:nowrap">30-day</FONT> option to purchase an additional $2.25&nbsp;million aggregate principal amount of the Notes to cover over-allotments, if any. The Notes have received a private rating of <FONT
STYLE="white-space:nowrap">BBB-</FONT> from Egan-Jones Ratings Company.* </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The offering is subject to customary closing conditions and is expected to close
on October&nbsp;18, 2019. The Existing Notes currently trade on the NASDAQ Global Select Market under the symbol &#147;CMFNL,&#148; and it is anticipated that the Notes will trade under the same symbol. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The Company intends to use a portion of the net proceeds from the offering to repay outstanding indebtedness under its existing senior secured revolving
financing facility (the &#147;Revolving Financing&#148;) with UBS AG, London Branch. However, the Company may <FONT STYLE="white-space:nowrap">re-borrow</FONT> under the Revolving Financing and use such borrowings to invest in middle market
companies in accordance with its investment objective and strategies and for working capital and general corporate purposes. As of October&nbsp;11, 2019, there were $19.0&nbsp;million in borrowings outstanding under the Revolving Financing, which
generally bears interest at a rate per annum equal to <FONT STYLE="white-space:nowrap">one-month</FONT> LIBOR plus 3.15%. The Company intends to use any remaining net proceeds from the offering to fund investments in middle market companies in
accordance with its investment objective and for other general corporate purposes. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Ladenburg Thalmann&nbsp;&amp; Co. Inc., a subsidiary of Ladenburg
Thalmann Financial Services Inc., Janney Montgomery Scott LLC, and BB&amp;T Capital Markets, a division of BB&amp;T Securities, LLC, are acting as book-running managers for the offering.<B> </B> </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Investors are advised to carefully consider the investment objective, risks and charges and expenses of the Company before investing. The preliminary
prospectus supplement, dated October&nbsp;15, 2019, and accompanying prospectus, dated April&nbsp;10, 2019, each of which has been filed with the Securities and Exchange Commission, contain a description of these matters and other important
information about the Company and should be read carefully before investing. </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>The information in the preliminary prospectus supplement, the
accompanying prospectus and this press release is not complete and may be changed. This press release does not constitute an offer to sell or the solicitation of an offer to buy the securities in this offering or any other securities nor will there
be any sale of these securities or any other securities referred to in this press release in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws
of such state or jurisdiction. </I></P>

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<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>A shelf registration statement relating to these securities is on file with and has been declared effective by
the Securities and Exchange Commission. The offering may be made only by means of a prospectus and a related prospectus supplement, copies of which may be obtained, when available, from: Ladenburg Thalmann, Attn: Syndicate Department, 277 Park Ave,
26th Floor, New York, NY 10172, or by emailing prospectus@ladenburg.com (telephone number <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">1-800-573-2541)</FONT></FONT></FONT></B>. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">* A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revision or withdrawal at any time. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>About Investcorp Credit Management BDC, Inc. </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The
Company is an externally-managed, <FONT STYLE="white-space:nowrap">closed-end,</FONT> <FONT STYLE="white-space:nowrap">non-diversified</FONT> management investment company that has elected to be regulated as a business development company under the
Investment Company Act of 1940. The Company&#146;s investment objective is to maximize the total return to its stockholders in the form of current income and capital appreciation through debt and related equity investments by targeting investment
opportunities with favorable risk-adjusted returns. The Company seeks to invest primarily in middle-market companies that have annual revenues of at least $50mm and earnings before interest, taxes, depreciation and amortization of at least $15mm.
The Company&#146;s investment activities are managed by its investment adviser, CM Investment Partners LLC. To learn more about Investcorp Credit Management BDC, Inc., please visit www.icmbdc.com. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Forward-Looking Statements </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Statements included herein
may constitute &#147;forward-looking statements&#148;, which relate to future events or our future operations, performance or financial condition. Forward-looking statements include statements regarding our intentions related to the offering
discussed in this press release, including the use of proceeds from the offering. These statements are not guarantees of future performance, condition or results and involve a number of risks and uncertainties. Actual results and outcomes may differ
materially from those anticipated in the forward-looking statements as a result of a variety of factors, including those described from time to time in our filings with the Securities and Exchange Commission or factors that are beyond our control.
The Company undertakes no obligation to publicly update or revise any forward-looking statements made herein. All forward-looking statements speak only as of the time of this press release. </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="18%" VALIGN="top" ALIGN="left">CONTACT:</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">Investcorp Credit Management BDC, Inc. </P></TD></TR></TABLE>
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<TD WIDTH="18%" VALIGN="top" ALIGN="left">&nbsp;&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">Investor Relations </P></TD></TR></TABLE>
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<TD WIDTH="18%" VALIGN="top" ALIGN="left">&nbsp;&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">Email: icmbinvestorrelations@investcorp.com </P></TD></TR></TABLE>
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<TD WIDTH="18%" VALIGN="top" ALIGN="left">&nbsp;&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">Phone: <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">212-257-5199</FONT></FONT>
</P></TD></TR></TABLE>
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