Investcorp Credit Management BDC Inc 2026年季度报告

(Mark One)☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF1934 For the quarterly period ended March 31, 2026OR ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF1934 COMMISSION FILE NUMBER: 814-01054 INVESTCORP CREDIT MANAGEMENT BDC, INC. (Exact Name of Registrant as Specified in Its Charter) Maryland46-2883380(State or other Jurisdiction ofIncorporation or Organization)(I.R.S. EmployerIdentification No.)280 Park Avenue39th FloorNew York, NY 10017(Address of Principal Executive Offices) (Zip Code)(646) 690-5034(Registrant’s Telephone Number, Including Area Code) Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of theSecurities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to filesuch reports), and (2) has been subject to such filing requirements for the past 90 days.Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to besubmitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorterperiod that the registrant was required to submit such files).Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, asmaller reporting company or an emerging growth company. See definitions of “large accelerated filer,” “accelerated filer,”“smaller reporting company” and “emerging growth company” in Rule 12b-2 of the Exchange Act. Large accelerated filer☐Non-accelerated filer☒ Accelerated filer☐Smaller reporting company☐Emerging growth company☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transitionperiod for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the ExchangeAct.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).Yes☐No☒ Securities registered pursuant to Section 12(b) of the Act: Title of each classTrading Symbol(s)Name of each exchange on which registeredCommon Stock, par value $0.001 per shareICMBThe NASDAQ Global Select Market The number of shares of the issuer’s Common Stock, $0.001 par value per share, outstanding as of May 12, 2026 was14,432,472. PART I. FINANCIAL INFORMATION Item 1.Financial StatementsConsolidated Statements of Assets and Liabilities as of March 31, 2026 (unaudited) and December 31, 20251Consolidated Statements of Operations for the three months ended March 31, 2026 (unaudited) and the threemonths ended March 31, 2025 (unaudited)2Consolidated Statements of Changes in Net Assets for the three months ended March 31, 2026 (unaudited) andthethree months ended March 31, 2025(unaudited)3Consolidated Statements of Cash Flows for the three months ended March 31, 2026 (unaudited) and the threemonths ended March 31, 2025(unaudited)4Consolidated Schedule of Investments as of March 31, 2026 (unaudited)5Consolidated Schedule of Investments as of December 31, 202510Notes to the Unaudited Consolidated Financial Statements15Item 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations37Item 3.Quantitative and Qualitative Disclosures About Market Risk49Item 4.Controls and Procedures50 PART II. OTHER INFORMATIONItem 1.Legal Proceedings51Item 1A.Risk Factors51Item 2.Unregistered Sales of Equity Securities and Use of Proceeds51Item 3.Defaults Upon Senior Securities51Item 4.Mine Safety Disclosures51Item 5.Other Information51Item 6.Exhibits52SIGNATURES53 Consolidated Statements of Assets and Liabilities Consolidated Statements of Changes in Net Assets (Unaudited) Investcorp Credit Management BDC, Inc. and Subsidiaries Consolidated Schedule of Investments(Unaudited)March 31, 2026 Consolidated Schedule of Investments - (continued)(Unaudited)March 31, 2026 Investcorp Credit Management BDC, Inc. and Subsidiaries Consolidated Schedule of Investments - (continued)(Unaudited)March 31, 2026 Investcorp Credit Management BDC, Inc. and Subsidiaries Consolidated Schedule of Investments - (continued)(Unaudited)March 31, 2026 Investcorp Credit Management BDC, Inc. and Subsidiaries Consolidated Schedule of Investments - (continued)(Unaudited)March 31, 2026 (12) These securities were acquired in transactions exempt from registration under the Securities Act of 1933, as amended (the “Securities Act”) and may bedeemed to be “restricted securities” under the Securities Act. As of March 31, 2026, the Company’s portfolio company investments that were subject torestrictions on sales totaled $26,444,093 at fair value and represented 50.18% of the Company’s net assets.(13) Represents co-investment made with the Company’s affiliates in accordance with the terms of the exemptive relief that the Compa