Form 8-K

8-K — Investcorp Credit Management BDC, Inc.

Accession: 0001193125-26-221718

Filed: 2026-05-13

Period: 2026-05-12

CIK: 0001578348

Item: Results of Operations and Financial Condition

Item: Financial Statements and Exhibits

Documents

8-K — d127978d8k.htm (Primary)

EX-99.1 (d127978dex991.htm)

EX-99.2 (d127978dex992.htm)

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8-K

8-K (Primary)

Filename: d127978d8k.htm · Sequence: 1

8-K

false 0001578348 0001578348 2026-05-12 2026-05-12

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

Current Report

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): May 12, 2026

Investcorp Credit Management BDC, Inc.

(Exact name of registrant as specified in its charter)

Maryland

814-01054

46-2883380

(State or other jurisdiction

of incorporation)

(Commission

File Number)

(IRS Employer

Identification Number)

280 Park Avenue

39th Floor

New York, NY 10017

(Address of principal executive offices and zip code)

Registrant’s telephone number, including area code: (212) 257-5199

Not Applicable

(Former Name or Former Address, if changed since last report)

Check the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of Each Class

Trading

Symbol(s)

Name of Each Exchange

on Which Registered

Common Stock, par value $0.001 per share

ICMB

The NASDAQ Global Select Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

Emerging growth 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 revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02.

Results of Operations and Financial Condition.

On May 12, 2026, Investcorp Credit Management BDC, Inc. (the “Company”) issued a press release announcing its financial results for the fiscal quarter ended March 31, 2026. The text of the press release is attached as Exhibit 99.1 to this Form 8-K and is incorporated herein by reference. Additionally, on May 12, 2026, the Company made available on its website, https://icmbdc.com/reports-presentations, a supplemental investor presentation with respect to the earnings release. A copy of the investor presentation is being furnished as Exhibit 99.2 to this Current Report on Form 8-K and is incorporated herein by reference.

The information in Item 2.02 of this Current Report on Form 8-K, including Exhibit 99.1 and 99.2 furnished herewith, is being furnished and shall not be deemed “filed” for any purpose of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of such Section. The information in this Current Report on Form 8-K shall not be deemed to be incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.

Item 9.01.

Financial Statements and Exhibits.

(d) Exhibits:

Exhibit

Number

Description

99.1

Press Release, dated May 12, 2026

99.2

Investor Presentation, dated May 12, 2026

104

Cover Page Interactive Data File (embedded within the Inline XBRL document).

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Dated: May 13, 2026

INVESTCORP CREDIT MANAGEMENT BDC, INC.

By:

/s/ Suhail A. Shaikh

Name:

Suhail A. Shaikh

Title:

President and Chief Executive Officer

EX-99.1

Filename: d127978dex991.htm · Sequence: 2

EX-99.1

Exhibit 99.1

Investcorp Credit Management BDC, Inc. Announces Financial Results for the Quarter Ended

March 31, 2026

Investcorp Credit

Management BDC, Inc. (NASDAQ: ICMB) (“ICMB” or the “Company”) announced its financial results today for its fiscal quarter ended March 31, 2026.

HIGHLIGHTS

•

ICMB fully realized its investments in three portfolio companies during the quarter, totaling

$12.7 million in proceeds. The internal rate of return on these investments was 10.67%.

•

During the quarter, ICMB made an investment in one existing portfolio company. The investment was

$0.1 million, at cost.

•

During the quarter, the Company had net repayments of $0.7 million on delayed draw and

revolving credit commitments to portfolio companies.

•

The weighted average yield on debt investments, at fair market value, as of March 31, 2026,

was 11.95%, compared to 10.56% for the quarter ended December 31, 2025.

•

Net asset value decreased $0.60 per share to $3.65, compared to $4.25 as of December 31,

2025. Net assets decreased by $8.6 million, or 14.07%, during the quarter ended March 31, 2026 compared to December 31, 2025.

•

On March 30, 2026, ICMB refinanced its existing 4.875% Notes with new unsecured notes

provided by an affiliate of its investment adviser with a floating rate of interest of SOFR plus 5.5% and a maturity of July 1, 2029. During the quarter, the Company also repaid $14.0 million of the

Capital One, N.A. (“Capital One”) revolving credit facility at the special purpose vehicle (“SPV”) of the Company using restricted cash not available for repayment of the new 2029 Notes.

•

As noted in our 10-Q, we have reduced the Capital One revolving credit

facility commitment from $100 million to $50 million, which will save the Company approximately $401 thousand in undrawn commitment fees annually.

•

ICMB’s investment adviser has waived $456 thousand of management fees for the quarter

to further support liquidity of the business.

Portfolio results, as of and for the three months ended March 31, 2026:

Total assets

$164.6 million

Investment portfolio, at fair value

$151.4 million

Net assets

$52.7 million

Weighted average yield on debt investments, at fair market value (1)

11.95%

Net asset value per share

$3.65

Portfolio activity in the current quarter:

Number of investments in new portfolio companies during the period

Number of portfolio companies invested in, end of period

Total capital invested in existing portfolio companies (2)

$1.2 million

Total proceeds from repayments, sales, and amortization (3)

$14.0 million

Net investment income before taxes (NII)

$0.3 million

Net investment income before taxes per share

$0.02

Net decrease in net assets from operations

($8.6) million

Net decrease in net assets from operations per share

($0.60)

Distributions paid per common share

$0.00

(1)

Represents average yield on total debt investments weighted by fair market value as of March 31, 2026. The

weighted average yield on total debt investments reflected above does not represent actual investment returns to the Company’s stockholders.

(2)

Includes gross advances for delayed draw and revolving credit commitments and PIK interest to existing

portfolio companies.

(3)

Includes gross repayments on existing delayed draw and revolving credit commitments to portfolio companies.

Mr. Suhail A. Shaikh, chief executive officer of ICMB, said “We remain focused on capital

preservation and disciplined liquidity management as our near-term priorities. New investment activity remained muted during the quarter, reflecting our selective approach to capital deployment. We continue to work closely with our portfolio company

management teams and remain committed to maximizing value for our shareholders as we evaluate the path forward.”

Mr. Andrew Muns, chief

financial officer of ICMB, noted: “We continue to take a proactive approach to managing the Company’s liquidity with initiatives such as the reduction in unneeded capital commitment from our credit facility and the waiver of additional

management fees this quarter.”

Portfolio and Investment Activities

During the quarter, the Company made a $0.1 million investment in one existing portfolio company.

The Company received proceeds of $14.0 million from repayments, sales and amortization during the quarter, primarily related to the realization of INW

Manufacturing term loan, PVI Holdings term loan, and Asurion term loan.

During the quarter, the Company had net draws of $0.7 million on

delayed draw and revolving credit commitments to portfolio companies.

The Company’s net realized and unrealized gains and losses accounted for a

decrease in the Company’s net assets of approximately $8.8 million, or $0.61 per share. The total net decrease in net assets resulting from operations for the quarter was $8.6 million, or $0.60 per share.

As of March 31, 2026, the Company’s investment portfolio consisted of investments in 34 portfolio companies, of which 82.54% were first lien

investments and 17.46% were equity, warrants, and other investments. The Company’s debt portfolio consisted of 97.75% floating rate investments and 2.25% fixed rate investments.

Capital Resources

As of March 31, 2026, the Company

had $11.6 million in cash, of which $8.8 million was restricted cash, and $55.1 million of unused commitment under its revolving credit facility with Capital One, N.A (the “Capital One Revolving Facility”).

As of March 31, 2026, the Company had availability to borrow $3.6 million from the revolving credit facility based on the borrowing base.

Subsequent Events

Subsequent to March 31, 2026 and

through May 12, 2026, the Company invested a total of $2.0 million, at cost, which included investments in one existing portfolio company. As of May 12, 2026, the Company had investments in 34 portfolio companies.

On May 6, 2026, the Company, through Investcorp Credit Management BDC SPV, LLC, entered into a sixth amendment (the “Sixth Amendment”) to the

Capital One Revolving Facility. The Sixth Amendment provides for, among other things, a decrease of the facility size from $100 million to $50 million.

Earnings Conference Call

The Company will host an

earnings conference call at 11:30 am (Eastern Time) on Wednesday, May 13, 2026 to review its financial results and conduct a question-and-answer session. All

interested parties may participate in the conference call by dialing (800) 550-9893 5-10 minutes prior to the call; international callers should dial (858) 609-8959. Participants should enter 872058# as the passcode, then press 2 when prompted. For those who are not able to listen to the call, a replay will be available shortly after the call by visiting our website at

http://icmbdc.com/earnings-calls/.

Investcorp Credit Management BDC, Inc. and Subsidiaries

Consolidated Statements of Assets and Liabilities

March 31, 2026

December 31, 2025

(Unaudited)

Assets

Non-controlled,

non-affiliated investments, at fair value (amortized cost of $164,423,388 and $177,110,265, respectively)

140,007,640

159,985,717

Affiliated investments, at fair value (amortized cost of $13,620,895 and $13,340,494,

respectively)

11,411,667

12,673,145

Total investments, at fair value (amortized cost of $178,044,283 and $190,450,759,

respectively)

151,419,307

172,658,862

Cash and cash equivalents

2,739,918

4,582,403

Restricted cash and cash equivalents

8,831,004

10,416,042

Principal receivable

83,087

55,377

Interest receivable

937,415

808,703

Payment-in-kind

interest receivable

150,606

190,790

Prepaid expenses and other assets

397,282

124,928

Total Assets

164,558,619

188,837,105

Liabilities

Debt:

Revolving credit facility

44,900,000

58,900,000

2029 Notes payable

65,000,000

—

2026 Notes payable

—

65,000,000

Deferred debt issuance costs

(848,479

)

(754,121

)

Unamortized discount

(940,301

)

(17,778

)

Debt, net

108,111,220

123,128,101

Interest payable

897,826

1,887,457

Base management fees payable

1,146,794

786,986

Income-based incentive fees payable

351,571

Deferred income liability

364,353

440,084

Directors’ fees payable

79,952

—

Accrued expenses and other liabilities

909,553

916,894

Total Liabilities

111,861,269

127,511,093

Commitments and Contingencies (see Note 6)

Net Assets

Common stock, par value $0.001 per share (100,000,000 shares authorized and 14,432,472 and

14,432,472 shares issued and outstanding, respectively)

14,432

Additional paid-in capital

203,128,982

Distributable earnings (loss)

(150,446,064

)

(141,817,402

)

Total Net Assets

52,697,350

61,326,012

Total Liabilities and Net Assets

164,558,619

188,837,105

Net Asset Value Per Share

3.65

4.25

Investcorp Credit Management BDC, Inc. and Subsidiaries

Consolidated Statements of Operations (unaudited)

For The Three Months Ended March 31,

2026

2025

Investment Income:

Interest income

Non-controlled,

non-affiliated investments

3,037,427

3,488,202

Non-controlled, affiliated investments

13,129

14,978

Total interest income

3,050,556

3,503,180

Payment in-kind interest income

Non-controlled,

non-affiliated investments

179,435

419,888

Non-controlled, affiliated investments

185,954

21,380

Total

payment-in-kind interest income

365,389

441,268

Dividend income

Non-controlled,

non-affiliated investments

61,659

81,607

Non-controlled, affiliated investments

—

Total dividend income

61,659

81,607

Payment in-kind dividend income

Non-controlled,

non-affiliated investments

—

221,685

Non-controlled, affiliated investments

—

Total

payment-in-kind dividend income

—

221,685

Other fee income

Non-controlled,

non-affiliated investments

73,372

121,024

Non-controlled, affiliated investments

—

Total other fee income

73,372

121,024

Other income

575

—

Total investment income

3,551,551

4,368,764

Expenses:

Interest expense

1,690,014

1,831,967

Base management fees

815,591

848,036

Income-based incentive fees

—

Professional fees

385,447

341,283

Allocation of administrative costs from Adviser

253,433

254,023

Amortization of deferred debt issuance costs

153,824

Amortization of original issue discount - 2026 Notes

17,777

Insurance expense

104,681

120,502

Directors’ fees

79,952

76,500

Custodian and administrator fees

73,356

74,237

Other expenses

106,884

40,173

Total expenses

3,680,959

3,758,322

Waiver of base management fees

(455,783

)

(74,143

)

Waiver of income-based incentive fees

—

Net expenses

3,225,176

3,684,179

Net investment income before taxes

326,375

684,585

Income tax expense, including excise tax expense

141,293

81,059

Net investment income after taxes

185,082

603,526

Net realized and unrealized gain/(loss) on investments:

Net realized gain (loss) from investments

Non-controlled,

non-affiliated investments

19,335

(1,627,282

)

Non-controlled, affiliated investments

—

Net realized gain (loss) from investments

19,335

(1,627,282

)

Net change in unrealized appreciation (depreciation) in value of investments

Non-controlled,

non-affiliated investments

(7,291,200

)

3,379,849

Non-controlled, affiliated investments

(1,541,879

)

(149,801

)

Net change in unrealized appreciation (depreciation) on investments

(8,833,079

)

3,230,048

Total realized gain (loss) and change in unrealized appreciation (depreciation) on

investments

(8,813,744

)

1,602,766

Net increase (decrease) in net assets resulting from operations

(8,628,662

)

2,206,292

Basic and diluted:

Earnings per share

(0.60

)

0.15

Weighted average shares of common stock outstanding

14,432,472

14,412,994

Distributions paid per common share

—

0.12

About Investcorp Credit Management BDC, Inc.

The Company is an externally managed, closed-end, non-diversified management

investment company that has elected to be regulated as a business development company under the Investment Company Act of 1940. The Company’s investment objective is to maximize the total return to its stockholders in the form of current

income and capital appreciation through debt and related equity investments by targeting investment opportunities with favorable risk-adjusted returns. The Company seeks to invest primarily in middle-market companies that have annual revenues of at

least $50 million and earnings before interest, taxes, depreciation, and amortization of at least $15 million. The Company’s investment activities are managed by its investment adviser, CM Investment Partners LLC. To learn more about

Investcorp Credit Management BDC, Inc., please visit www.icmbdc.com.

Forward-Looking Statements

Statements included in this press release and made on the earnings call for the quarter ended March 31, 2026, may contain “forward-looking

statements,” which relate to future performance, operating results, events, financial condition and/or exploration of strategic alternatives. Words such as “anticipates,” “expects,” “intends,”

“plans,” “will,” “may,” “continue,” “believes,” “seeks,” “estimates,” “would,” “could,” “should,” “targets,”

“projects,” and variations of these words and similar expressions are intended to identify forward-looking statements. Any forward-looking statements, including statements other than statements of historical facts, included in this press

release or made on the earnings call are based upon current expectations, are inherently uncertain, and involve a number of assumptions and substantial risks and uncertainties, many of which are difficult to predict and are generally beyond the

Company’s control.

Investors are cautioned not to place undue reliance on these forward-looking statements. Any such statements are likely to be

affected by other unknowable future events and conditions, which the Company may or may not have considered, including, without limitation, changes in base interest rates and the effects of significant market volatility on our business, our

portfolio companies, our industry and the global economy. Accordingly, such statements cannot be guarantees or assurances of any aspect of future performance or events. Actual results may differ materially from those anticipated in any

forward-looking statements as a result of a number of factors and risks. More information on these risks and other potential factors that could affect actual events and the Company’s performance and financial results, including important

factors that could cause actual results to differ materially from plans, estimates or expectations included herein or discussed on the earnings call, is or will be included in the Company’s filings with the Securities and Exchange Commission,

including in the “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” sections of the Company’s Annual Report on Form

10-K and Quarterly Reports on Form 10-Q. All forward-looking statements speak only as of the date they are made. The Company undertakes no obligation to publicly update

or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by law.

Contacts

Investcorp Credit Management BDC, Inc.

Investor Relations

Email: icmbinfo@investcorp.com

Phone: (212) 703-1154

EX-99.2

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EX-99.2

Investcorp Credit Management BDC, Inc.

Investor Update Presentation March 31, 2026 Exhibit 99.2

Forward-looking Statements and

Disclosures Statements included in this presentation may contain “forward-looking statements,” which relate to future performance or financial condition of Investcorp Credit Management BDC, Inc. (“ICMB”). Forward-looking

statements are based on estimates, projections, beliefs and assumptions of ICMB’s management at the time of such statements, which change over time, and are not guarantees of future performance or results. Actual results may differ materially

from those anticipated in any forward-looking statements as a result of a number of factors, including those described from time to time in filings by ICMB with the Securities and Exchange Commission. Forward-looking statements are made as of the

date of this presentation, or as of the prior date referenced in this presentation and are subject to change without notice. ICMB undertakes no duty to update any forward-looking statement made herein except as required by law. This presentation is

neither an offer to sell nor a solicitation of an offer to buy ICMB’s securities. An offering is made only by an applicable prospectus. This presentation must be read in conjunction with a prospectus in order to fully understand all of the

implications and risks of the offering of securities to which the prospectus relates. A copy of such a prospectus must be made available to you in connection with any offering. The summary descriptions and other information included herein are

intended only for informational purposes and convenient reference. The information contained herein is not intended to provide, and should not be relied upon for, accounting, legal or tax advice or investment recommendations. Before making an

investment decision with respect to ICMB, investors are advised to carefully review an applicable prospectus to review the risk factors described therein, and to consult with their tax, financial, investment and legal advisors. These materials do

not purport to be complete and are qualified in their entirety by reference to the more detailed disclosures contained in an applicable prospectus and ICMB’s related documentation. No representation or warranty, express or implied, is made as

to the accuracy or completeness of the information contained herein, and nothing shall be relied upon as a promise or representation as to the future performance of ICMB.

Suhail A. Shaikh Chief Executive

Officer & Chief Investment Officer Investment Committee Member Michael C. Mauer Chairman of the Board of Directors & Vice Chairman Investment Committee Member INVESTMENT PROFESSIONALS FINANCE PROFESSIONALS Investcorp Credit Management BDC,

Inc. - Investment Team Andrew Muns Chief Financial Officer & Chief Operating Officer Investment Committee Member Branko Krmpotic Advisor Investment Committee Member Timothy Waller Principal Investment Committee Member Emily Broderick Vice

President David Rubin Vice President Therese Dyman Consultant Darius Tam Associate Melody Atumah Associate Note: Team members listed above are as of March 31, 2026 and are subject to change. Aamer Jooma Associate Jacqueline Hanabergh Vice President

Jonathon Monaco Associate

Use of Proceeds Borrower Focus General

Investment Parameters Investment Structures Organic Growth Acquisitions Market / Product Expansion Refinancings and Recapitalizations Established companies with a history of positive operating cash flow Defensible and sustainable business Seasoned

management team with meaningful equity ownership Significant Invested Capital Investment Partnerships Ability to exert meaningful influence Exit strategy Revenues: $50MM+2 EBITDA: $15MM+2 Investment Size: $5MM -- $25MM First and Second Lien Loans

Unitranche Loans Mezzanine Loans/Structured Equity Unsecured Loans Equity Components Investcorp Credit Management BDC, Inc. - Investment Criteria1 1 We expect our target portfolio companies to exhibit some, or all, or these characteristics at the

time of the initial investment, although not all of our portfolio companies will meet these criteria. 2 ICMB may invest in smaller or larger companies if there is an attractive opportunity, especially when there are dislocations in the capital

markets, including the high yield and large syndicated loan markets.

Investcorp Credit Management BDC, Inc.

– Overview as of March 31, 2026 Issuer Investcorp Credit Management BDC, Inc. (NASDAQ: ICMB) Investment Manager CM Investment Partners LLC (“CMIP”) Formation Formed as CM Finance LLC in 2012; IPO in February 2014 Market

Capitalization $23.4 million Investment Portfolio1 $151.4 million Leverage Gross Debt-Equity of 2.05x / Net Debt-Equity of 1.83x A 1 At Fair Value. Please see Form 10-Q filed with the SEC for details.

1 Top 10 Holdings sorted by FMV;

Equity investments may include Preferred Equity. 2 For Common Equity investments, there is no "Principal" concept, which should bridge most of the value differences between the "Amortized Cost" and "Principal" columns. 3 Based on the total Fair

Market Value (FMV) of the portfolio except for cash margin, which is based only on Debt FMV; 3M SOFR estimate of 3.65% was utilized. 4 Figures may not tie to 10Q due to rounding. Investcorp Credit Management BDC, Inc.’s portfolio spans across

34 individual portfolio company investments, 18 GICS Level 3 industries, and 67 positions across both debt and equity investments with a total Fair Market Value (FMV) of $151.4 million Approximately 83% of the portfolio is comprised of Senior

Secured Debt, providing priority in the capital structure The weighted-average coupon (including PIK and Base Rate where applicable) of the debt portfolio is ~9% (~17% of FMV has a PIK component) with a weighted-average net leverage of 5.8x and

interest coverage ratio of 2.1x Approximately 87% of portfolio FMV has Risk Ratings of '2' or '3' Overview Top Holdings ($000) 1 Summary Statistics ($mm) 3 Risk Rating and Industry Split 3 18 Industries 4 34 Companies Investcorp Credit Management

BDC, Inc. – Portfolio as of March 31, 2026

Quarterly Highlights Portfolio Results

(as of 03/31/26) Portfolio Activity (01/01/2026-03/31/2026) ICMB fully realized its investments in three portfolio companies during the quarter, totaling $12.7 million in proceeds. The internal rate of return on these investments was 10.67%. During

the quarter, ICMB made an investment in one existing portfolio company. The investment was $0.1 million, at cost. During the quarter, the Company had net repayments of $0.7 million on delayed draw and revolving credit commitments to portfolio

companies. The weighted average yield on debt investments, at fair market value, as of March 31, 2026, was 11.95%, compared to 10.56% for the quarter ended December 31, 2025. Net asset value decreased $0.60 per share to $3.65, compared to $4.25 as

of December 31, 2025. Net assets decreased by $8.6 million, or 14.07%, during the quarter ended March 31, 2026 compared to December 31, 2025. On March 30, 2026, ICMB refinanced its existing 4.875% Notes with new unsecured notes provided by an

affiliate of its investment adviser with a floating rate of interest of SOFR plus 5.5% and a maturity of July 1, 2029. Total assets $164.6 mm Investment portfolio, at fair value $151.4 mm Net assets $52.7 mm Total capital invested in existing

portfolio companies 1$1.2 mm Total proceeds from repayments, sales, and amortization 2$14.0 mm Number of portfolio companies, end of period 34 Investcorp Credit Management BDC, Inc. – Portfolio as of March 31, 2026 1 Includes gross advances

for delayed draw and revolving credit commitments and PIK interest to existing portfolio companies. 2 Includes gross repayments on existing delayed draw and revolving credit commitments to portfolio companies.

Selected Financial Highlights Quarter

Ended March 31, 2025 Quarter Ended June 30, 2025 Quarter Ended September 30, 2025 Quarter Ended December 31, 2025 Quarter Ended March 31, 2026 Investment Portfolio at Fair Value $ 192,447,870 $ 204,130,679 $ 196,135,047 $ 172,658,862 $ 151,419,307

Debt at Cost 119,713,298 134,384,899 127,556,500 123,128,101 108,111,220 Net Assets 78,101,453 75,984,224 72,703,326 61,326,012 52,697,350 Ending Debt to Equity Ratio 1.53x 1.77x 1.75x 2.02x 2.05x Per Share Data Quarter Ended March 31, 2025 Quarter

Ended June 30, 2025 Quarter Ended September 30, 2025 Quarter Ended December 31, 2025 Quarter Ended March 31, 2026 Net Asset Value per Share $5.42 $5.27 $5.04 $4.25 $3.65 Net Investment Income before taxes per Share $0.05 $0.06 $0.04 $0.02 $0.02 Net

Increase/(Decrease) in Net Assets Resulting from Operations per Share $0.15 $(0.03) $(0.09) $(0.65) $(0.60) Dividends Declared per Share $0.12 $0.12 $0.141 $0.141 NIL 1 Includes a quarterly distribution of $0.12 per share and a supplemental

distribution of $0.02 per share. Investcorp Credit Management BDC, Inc.

icmbinfo@investcorp.com

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v3.26.1

Document and Entity Information

May 12, 2026

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Entity Central Index Key

0001578348

Document Type

8-K

Document Period End Date

May 12, 2026

Entity Registrant Name

Investcorp Credit Management BDC, Inc.

Entity Incorporation State Country Code

Entity File Number

814-01054

Entity Tax Identification Number

46-2883380

Entity Address, Address Line One

280 Park Avenue

Entity Address, Address Line Two

39th Floor

Entity Address, City or Town

New York

Entity Address, State or Province

Entity Address, Postal Zip Code

10017

City Area Code

(212)

Local Phone Number

257-5199

Written Communications

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Soliciting Material

false

Pre Commencement Tender Offer

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Security 12b Title

Common Stock, par value $0.001 per share

Trading Symbol

ICMB

Security Exchange Name

NASDAQ

Entity Emerging Growth Company

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