**Earnings Call**: Investcorp Credit Management BDC, Inc. Delivers Promising Q3 2024 Results – CEO Announcement Sparks Interest!

New York, NY – Investcorp Credit Management BDC, Inc. held its quarterly earnings call on May 15, 2024, with CEO Suhail Shaikh, CFO Peter Sattelmair, and Chairman Michael Mauer providing updates on the company’s performance.

During the call, Suhail Shaikh announced his appointment as the new CEO of ICMB, emphasizing the company’s focus on taking advantage of the current lending environment for business development companies. Michael Mauer, the outgoing CEO, expressed pride in the lending platform developed by the company and looked forward to supporting Suhail and the team in growing Investcorp’s private credit platform.

In terms of financial performance, ICMB reported a net investment income of $2.1 million for the quarter, representing a 32% increase from the previous quarter. The company’s net asset value per share also saw an increase to $5.49 per share. ICMB highlighted its focus on portfolio management and risk mitigation, especially for borrowers facing challenges, with no new positions added to nonaccrual during the quarter.

The company covered its March quarterly dividend with net investment income and announced a distribution for the quarter ending June 30, 2024. ICMB’s gross leverage was slightly above the target range, while net leverage was within the target range. The team discussed market trends, noting a decline in transaction volumes but maintaining a focus on lending to companies with reasonable leverage and strong middle market sponsors.

Following the quarter’s end, ICMB made investments in new and existing portfolio companies, realizing positions in other companies. The management team discussed their strategy for capital preservation, maintaining a stable dividend, and planning for future refinancing activities. They expressed confidence in their approach to credit selection and commitment to maintaining portfolio quality.

The call concluded with a Q&A session where analysts inquired about the company’s yields, nonaccruals, dividend coverage, and strategies for upcoming notes. ICMB leadership provided insights into the portfolio’s overall health, ongoing discussions with lenders, and future plans for managing potential challenges. The team expressed gratitude for the participation and closed the call, looking forward to future updates and progress.