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Crescent Capital BDC Inc. delivered on May 11 a capital drawdown notice to certain investors of the company due May 25 relating to the sale of 991,996 common shares for an aggregate offering price of $20.0 million.
The sale is anticipated to close on or around May 25.
Under the terms of subscription agreements, investors are required to fund drawdowns to buy common shares up to the amount of their respective capital commitments on an as-needed basis.