Investcorp Credit Management BDC Inc. Reopens a Baby Bond

Investcorp Credit Management BDC, Inc (ICMB) is selling shares of a 6.125% note issue with a maturity date in 2023. ICMB is a BDC.

This issue was previously issued by CM Finance, which was purchased by Investcorp.

The issue trades under CMFNL and closed on Tuesday at $25.62–maybe it will take a hit on this reopening. Details of the original issue can be seen here.

The new prospectus is here–and the number of bonds to be sold is not yet known.

8 thoughts on “Investcorp Credit Management BDC Inc. Reopens a Baby Bond”

  1. Has anyone taken a look at their financials? Seems like a desperate effort to reissue a security that could be called in 8 months.

    1. I just jumped in for shares at $24.86–with luck it won’t be held for longer than 30 days

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