Investcorp Credit Management BDC, Inc. Commitments Disclosure
Note 6. Indemnification, Guarantees, Commitments and Contingencies
In the normal course of business, the Company enters into contracts that provide a variety of representations and warranties and general indemnifications. Such contracts include those with certain service providers, brokers and trading counterparties. Any exposure to the Company under these arrangements is unknown as it would involve future claims that may be made against the Company; however, based on the Company’s experience, the risk of loss is remote and no such claims are expected to occur. As such, the Company has not accrued any liability in connection with such indemnifications.
The Company’s board of directors declared the following quarterly distributions during the twelve months ended December 31, 2025:
Declared Date |
|
Ex-Date |
|
Record Date |
|
Pay Date |
|
Amount per Share |
|
Fiscal Quarter |
March 20, 2025 |
|
April 24, 2025 |
|
April 25, 2025 |
|
May 16, 2025 |
|
$0.12 |
|
1st 2025 |
April 15, 2025 |
|
May 23, 2025 |
|
May 24, 2025 |
|
June 14, 2025 |
|
$0.12 |
|
2nd 2025 |
August 7, 2025 |
|
September 17, 2025 |
|
September 18, 2025 |
|
October 9, 2025 |
|
$0.14 |
|
3rd 2025 |
November 10, 2025 |
|
November 30, 2025 |
|
December 1, 2025 |
|
December 12, 2025 |
|
$0.14 |
|
4th 2025 |
Loans purchased by the Company may include revolving credit agreements or other financing commitments obligating the Company to advance additional amounts on demand. The Company generally sets aside sufficient liquid assets to cover its unfunded commitments, if any.
The following table details the Company’s unfunded commitments to portfolio companies as of December 31, 2025:
Investments |
|
Unfunded |
|
Fair Value |
|
Annual |
|
Expiration |
Accelevation, LLC - DDTL |
|
$451,846 |
|
$— |
|
1.00% |
|
1/2/2031 |
Accelevation, LLC - Revolver |
|
705,128 |
|
— |
|
0.50% |
|
1/2/2031 |
Arborworks Acquisition LLC – Revolver |
|
134,709 |
|
— |
|
— |
|
11/6/2028 |
Argano, LLC - Revolver |
|
144,928 |
|
— |
|
1.00% |
|
9/13/2029 |
Crafty Apes LLC - DDTL - Second Out |
|
492,735 |
|
— |
|
— |
|
6/1/2027 |
Integrity Marketing Acquisition, LLC DDTL |
|
172,350 |
|
— |
|
1.00% |
|
8/25/2028 |
Integrity Marketing Acquisition, LLC Revolver |
|
168,692 |
|
— |
|
0.50% |
|
8/25/2028 |
Uniguest Holdings - DDTL |
|
1,111,111 |
|
— |
|
1.00% |
|
11/27/2030 |
Uniguest Holdings - Revolver |
|
333,333 |
|
— |
|
0.50% |
|
11/27/2030 |
Total Unfunded Commitments |
|
$3,714,832 |
|
$— |
|
|
|
|
The following table details the Company’s unfunded commitments to portfolio companies as of December 31, 2024:
Investments |
|
Unfunded |
|
Fair Value |
|
Annual |
|
Expiration |
Arborworks Acquisition LLC – Revolver |
|
$712,496 |
|
$— |
|
— |
|
11/6/2028 |
Argano, LLC - DDTL |
|
869,565 |
|
— |
|
— |
|
8/23/2029 |
Argano, LLC - Revolver |
|
144,928 |
|
— |
|
— |
|
8/23/2029 |
Crafty Apes LLC - DDTL - Second Out |
|
492,735 |
|
— |
|
— |
|
6/1/2027 |
Flatworld Intermediate Corporation – Revolver |
|
567,568 |
|
— |
|
0.50% |
|
10/1/2027 |
Sandvine Corporation - DDTL |
|
398,456 |
|
— |
|
— |
|
10/3/2025 |
Uniguest Holdings - DDTL |
|
1,111,111 |
|
— |
|
— |
|
11/27/2030 |
Uniguest Holdings - Revolver |
|
333,333 |
|
— |
|
— |
|
11/27/2030 |
Total Unfunded Commitments |
|
$4,630,192 |
|
$— |
|
|
|
|
The following table details the Company’s unfunded commitments to portfolio companies as of June 30, 2024:
Investments |
|
Unfunded |
|
Fair Value |
|
Annual |
|
Expiration |
Arborworks Acquisition LLC – Revolver |
|
$230,547 |
|
$— |
|
— |
|
11/6/2028 |
Flatworld Intermediate Corporation – Revolver |
|
567,568 |
|
— |
|
0.50% |
|
10/1/2027 |
South Coast Terminals LLC – Revolver |
|
967,742 |
|
— |
|
0.50% |
|
12/10/2026 |
Total Unfunded Commitments |
|
$1,765,857 |
|
$— |
|
|
|
|
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Mar 31, 2026 | Showing above |
| 2024 | Sep 25, 2024 | |
| 2023 | Sep 21, 2023 | |
About Commitments Disclosures
Commitments and contingencies disclosures catalog a company's off-balance-sheet obligations and legal exposures — purchase commitments, guarantee arrangements, pending litigation, and regulatory proceedings. These items represent potential future cash outflows that may not appear as liabilities on the balance sheet until they become probable and estimable.
Key signals: litigation reserves and disclosed loss ranges quantify management's estimate of legal exposure, but unquantified "reasonably possible" losses often represent the larger risk. Watch for changes in language around pending cases — shifts from "remote" to "reasonably possible" or increases in estimated loss ranges signal deteriorating outcomes. Unconditional purchase obligations and take-or-pay contracts create fixed cost structures that reduce operational flexibility. Guarantee arrangements for subsidiaries or joint ventures can create cascading obligations. Compare the total commitment schedule against projected free cash flow to assess whether the company can meet its obligations without additional financing.