BCP Investment sells $10 million of additional 7.5% notes due 2029 under existing indenture - BCIC News | RalliesBCP Investment sells $10 million of additional 7.5% notes due 2029 under existing indenture
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BCIC• Additional notes issuance and use of proceeds
- BCP Investment entered a note purchase agreement on Sept. 2, 2026 to sell USD 10 million of additional 7.50% notes due 2029.
- The new notes will consolidate with the USD 50 million 7.50% Notes due 2029 issued March 24, 2026, forming a single series.
- Proceeds are earmarked to repay USD 10 million of LRFC 5.25% fixed rate notes due 2026, with remaining funds used to reduce other debt.
- The notes mature Sept. 24, 2029; redemption is allowed before April 24, 2029 with a make-whole premium, or at par from then.
- The notes are general unsecured obligations, with interest at 7.50% paid semi-annually on April 30 and Oct. 30.
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