BCP Investment Corporation Announces Third Quarter 2025 Financial Results

BCP Investment Corporation, a publicly traded, externally managed closed-end investment company, has released its financial results for the third quarter ended September 30, 2025. The company, which recently completed a merger with Logan Ridge Finance Corporation, reported significant growth in key financial metrics and announced several strategic initiatives aimed at enhancing shareholder value.

Financial Highlights

For the third quarter of 2025, BCP Investment Corporation reported a 50.0% increase in total investment income, reaching $18.9 million, up from $12.6 million in the second quarter of 2025. Net investment income (NII) saw a substantial rise of 94.2%, amounting to $8.8 million ($0.71 per share), compared to $4.6 million ($0.50 per share) in the previous quarter. The company's net asset value (NAV) as of September 30, 2025, increased by 40.4% to $231.3 million ($17.55 per share), from $164.7 million ($17.89 per share) as of June 30, 2025.

Business and Operational Highlights

During the third quarter, BCP Investment Corporation completed the merger with Logan Ridge Finance Corporation, enhancing its scale, portfolio diversification, and operating efficiencies. The company reported deployments of approximately $14.2 million and sales and repayments of approximately $43.8 million, resulting in net repayments and sales of approximately $29.6 million. The investment portfolio at fair value as of September 30, 2025, was $539.7 million, comprising 116 different portfolio companies.

Strategic Initiatives and Corporate Developments

BCP Investment Corporation announced a fourth-quarter 2025 quarterly base distribution of $0.47 per share. Additionally, the company launched a $9.0 million modified Dutch Auction Tender Offer to repurchase its common stock. The company also issued $35.0 million of 7.50% notes due 2028 and $75.0 million of 7.75% notes due 2030, while initiating the redemption of its 4.875% notes due 2026.

Management's Perspective

Ted Goldthorpe, Chief Executive Officer of BCP Investment Corporation, expressed satisfaction with the company's strong results for the third quarter, the first earnings report following the merger with Logan Ridge Finance Corporation. He highlighted the company's focus on driving shareholder value through strategic initiatives such as the Dutch Auction Tender Offer and daily share repurchases. Goldthorpe also emphasized the benefits of the company's expanded scale and broader investment platform, as well as the proactive extension and laddering of unsecured debt maturities.

Future Outlook

Looking ahead, BCP Investment Corporation aims to maintain disciplined capital allocation, a high-quality portfolio, and deliver attractive, risk-adjusted returns for shareholders. The company believes it is well-positioned to drive continued earnings growth and long-term value creation with its larger, more diversified platform and stronger balance sheet.

Original SEC Filing: BCP Investment Corp [ BCIC ] - 8-K - Nov. 07, 2025