Crescent Capital BDC Inc 2025年度报告

(Mark One)☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934For the fiscal year ended December 31, 2025or☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF1934.Commission file number 814-01132 Crescent Capital BDC, Inc.(Exact Name of Registrant as Specified in Its Charter) Indicate by check mark whether the Registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during thepreceding 12 months (or for such shorter period that the Registrant was required to file such reports), and (2) has been subject to such filing requirements for the past90 days.Yes☒No☐ Indicate by check mark whether the Registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerginggrowth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company” and “emerging growth company” in Rule 12b-2 ofthe Exchange Act. Large accelerated filer☐Non-Accelerated filer☐Emerging growth company☐ Accelerated filer Smaller reporting company If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revisedfinancial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectiveness of its internal control overfinancial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that prepared or issued its auditreport.☒ If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in the filing reflectthe correction of an error to previously issued financial statements.☐ Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensation received by any ofthe registrant’s executive officers during the relevant recovery period pursuant to §240.10D-1(b).☐ Indicate by check mark whether the Registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).Yes☐No☒ The number of shares of the Registrant’s common stock, $.001 par value per share, outstanding at February 25, 2026 was 36,922,692 The aggregate market value of the voting common equity held by non-affiliates of the registrant, was $346.9 million based on the number of shares held by non-affiliates of the registrant as of June 30, 2025 (the last business day of the registrant’s most recently completed second fiscal quarter). Shares of the registrant’scommon stock held by each executive officer, director and holder of 5% or more of the outstanding common stock have been excluded in that such persons may be deemedaffiliates. The calculation does not reflect a determination that certain persons are affiliates of the registrant for any other purpose.DOCUMENTS INCORPORATED BY REFERENCE Portions of the Registrant’s proxy statement for the 2026 annual meeting of stockholders to be filed not later than 120 days after the end of the fiscal year covered bythis Annual Report on Form 10-K are incorporated by reference in Part III. CRESCENT CAPITAL BDC, INC. FORM 10-K FOR THE YEAR ENDED DECEMBER 31, 2025 Table of Contents PART I Item 1.BusinessItem 1A.Risk FactorsItem 1B.Unresolved Staff CommentsItem 1C.CybersecurityItem 2.PropertiesItem 3.Legal ProceedingsItem 4.Mine Safety Disclosures PART II Item 5.Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities52Item 6.RESERVED54Item 7.Management’s Discussion and Analysis of Financial Condition and Results of Operations55Item 7A.Quantitative and Qualitative Disclosures About Market Risk68Item 8.Consolidated Financial Statements and Supplementary Data69Item 9.Changes in and Disagreements With Accountants on Accounting and Financial Disclosure182Item 9A.Controls and Procedures182Item 9B.Other Information182Item 9C.Disclosure Regarding Foreign Jurisdictions that Prevent Inspections182 PART III Item 10.Directors, Executive Officers and Corporate Governance183Item 11.Executive Compensation183Item 12.Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters183Item 13.Certain Relationships and Related Transactions, and Director Independence183Item 14.Principal Accounting Fees and Services183 PART IV Item 15.Exhibits, Financial Statement Schedules184Item 16.Form 10-K Summary186Signatures187 CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS This report contains forward-looking statements that involve substantial risks and uncertainties. These forward-lookingstatements are not historical facts, but rather are based on current expectations, est