Crescent Capital BDC, Inc. (NASDAQ:CCAP) Q4 2022 Earnings Conference Call February 23, 2023 12:00 PM ET
Company Participants
Dan McMahon – Vice President and Head-Investor Relations
Jason Breaux – Chief Executive Officer and President
Henry Chung – Managing Director
Gerhard Lombard – Chief Financial Officer
Conference Call Participants
Robert Dodd – Raymond James
Operator
Good afternoon, ladies and gentlemen, and welcome to the Q4 2022 Crescent Capital BDC, Inc. Earnings Conference Call. [Operator Instructions] This call is being recorded on Thursday, February 23, 2023. I would now like to turn the conference over to Dan McMahon. Please go ahead.
Dan McMahon
Good morning, and welcome to Crescent Capital BDC, Inc.'s fourth quarter and year ended December 31, 2022 earnings conference call.
Please note that Crescent Capital BDC, Inc. 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 one 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 fourth quarter and year ended December 31, 2022, and posted a presentation to the IR Section of its website at www.crescentbdc.com. The presentation should be reviewed in conjunction with the company's Form 10-K 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. With that, I'd now like to turn it over to Jason.