Crescent Capital BDC, Inc. (NASDAQ:CCAP) Q2 2023 Earnings Conference Call August 10, 2023 12:00 PM ET

Company Participants

Daniel McMahon - VP & Head, Public IR

Jason Breaux - CEO & President

Henry Chung - MD

Gerhard Lombard - CFO

Conference Call Participants

Ryan Lynch - KBW

Mitchel Penn - Oppenheimer

Sean-Paul Adams - Raymond James & Associates

Operator

Good morning and afternoon, ladies and gentlemen, and welcome to the Q2 2023 Crescent Capital BDC, Inc. Earnings Conference Call. [Operator Instructions].

I would now like to turn the conference over to Dan McMahon. Please go ahead.

Daniel McMahon

Good morning. and welcome to Crescent Capital BDC, Inc.'s Second Quarter ended June 30, 2023 Earnings Conference Call. Please note that Crescent Capital BDC may be referred to as CCAP, Crescent BDC or the company throughout the call.

Before we begin, I'll start with some important reminders. Comments made over the course of this conference call and webcast may contain forward-looking statements and are subject to risks and uncertainties. The company's actual results could differ materially from those expressed in such forward-looking statements for any reason, including those listed in its SEC filings. The company assumes no obligation to update any such forward-looking statements. Please also note that past performance or market information is not a guarantee of future results.

During this conference call, we may discuss certain non-GAAP measures as defined by SEC Regulation G, such as adjusted net investment income or NII per share. The company believes that adjusted NII per share provides useful information to investors regarding financial performance because it's 1 method the company uses to measure its financial condition and results of operations. A reconciliation of adjusted net investment income per share to net investment income per share, the most directly comparable GAAP financial measure can be found in the accompanying slide presentation for this call. In addition, a reconciliation of this measure may also be found in our earnings release.

Yesterday, after the market closed, the company issued its earnings press release for the second quarter ended June 30, 2023, and posted a presentation to the Investor Relations section of its website at www.crescentbdc.com. The presentation should be reviewed in conjunction with the company's Form 10-Q filed yesterday with the SEC. As a reminder, this call is being recorded for replay purposes. Speaking on today's call will be CCAP's President and Chief Executive Officer, Jason Breaux; Chief Financial Officer, Gerhard Lombard; and Managing Director, Henry Chung.