1. BCP Investment Corporation completed a $9 million Dutch Auction tender offer. 2. A total of 4.4 million shares were tendered under the price of $14.93. 3. 0.7 million shares were purchased at $13.63 per share, totaling $9.0 million. 4. The tender offer represents about 5% of BCIC’s outstanding shares. 5. The offer generated a NAV accretion of approximately 1.0%.
FAQ
Why Bullish?
The share buyback typically supports stock prices due to reduced outstanding shares. Historical instances, such as Netflix's share buyback, often lead to positive market response.
How important is it?
The tender offer reduces share supply, potentially enhancing stock value and investor confidence.
Why Short Term?
Investor sentiment may shift promptly following the news, but overall market conditions will dictate lasting effects.
Related Companies
BCP Investment Corporation Announces Final Results of Modified “Dutch Auction” Tender Offer
| Source: GlobeNewsWire
Summary of the Tender Offer
BCP Investment Corporation (NASDAQ: BCIC) has finalized the results of its modified “Dutch Auction” tender offer, which concluded at 11:59 PM ET on December 10, 2025. The company aimed to purchase for cash up to $9.0 million in shares of its common stock, which have a par value of $0.01 per share.
Key Tender Offer Details
As confirmed by Broadridge Corporate Issuer Solutions LLC, the depositary for the Offer, a total of 4.4 million shares of BCIC's common stock were validly tendered at or below the purchase price of $14.93 per share. This number includes shares tendered via guaranteed delivery notices.
The Offer was initiated by a group known as the “Offeror Group,” which consists of:
- BCP Investment Corporation
- Edward Goldthorpe, President and CEO
- Patrick Schafer, Chief Investment Officer
- Brandon Satoren, Chief Financial Officer
- Joseph Morea, Board Member
- George Grunebaum, Board Member
- Sam Reinhart, affiliated officer
- Nikita Klassen, affiliated officer
Final Purchase Results
The Offeror Group accepted a total of 0.7 million shares at a purchase price of $13.63 per share, totaling approximately $9.0 million excluding associated fees and expenses. This acceptance represents approximately 5% of BCIC's outstanding shares as of December 12, 2025.
Specifically, $7.6 million worth of shares were purchased by the company itself, while the remaining $1.4 million was acquired by other members of the Offeror Group. The Depositary will process payments for the purchased shares in accordance with the Offer's terms.
About BCP Investment Corporation
BCP Investment Corporation, trading under the symbol BCIC, operates as a publicly traded, externally managed closed-end investment company regulated as a business development company under the Investment Company Act of 1940. The firm’s focus lies in originating, structuring, financing, and managing a range of middle market investments, including term loans, mezzanine investments, and selective equity securities.
Investor relations, financial reports, and other relevant corporate information about BCIC are available on their official website at www.bcpinvestmentcorporation.com.
Cautionary Note on Forward-Looking Statements
This announcement contains forward-looking statements based on management's current expectations, involving substantial risks and uncertainties that could lead to actual results differing materially. Such statements encompass future financial performance, business development plans, and future investments.
Forward-looking terminology may include words like “may,” “will,” “expect,” and “believe.” Investors are advised to consider these risks when evaluating forward-looking information. For any inquiries regarding the tender offer, please contact Broadridge Corporate Issuer Solutions at (855) 793-5068.