Cyrus Capital Amends ICMB Stake, Signals Ownership Change
Ticker: ICMB · Form: SC 13D/A · Filed: Jan 8, 2024 · CIK: 1578348
Complexity: simple
Sentiment: neutral
Topics: insider-ownership, amendment, institutional-investor
TL;DR
**Cyrus Capital just updated its stake in Investcorp Credit Management BDC, watch for potential shifts!**
AI Summary
Cyrus Capital Partners, L.P. filed an amended Schedule 13D/A on January 8, 2024, indicating a change in their beneficial ownership of Investcorp Credit Management BDC, Inc. (ICMB) common stock. This amendment, triggered by an event on January 4, 2024, updates their previous filing and is important because it signals a potential shift in the influence or intentions of a significant institutional investor, which could impact the stock's future performance and strategic direction.
Why It Matters
Changes in major institutional holdings can signal confidence or concern about a company's future, potentially influencing other investors and the stock price.
Risk Assessment
Risk Level: medium — A change in a major shareholder's position can introduce uncertainty regarding future corporate governance or strategic decisions.
Analyst Insight
An investor should monitor subsequent filings from Cyrus Capital Partners, L.P. and Investcorp Credit Management BDC, Inc. to understand the specific nature and implications of this ownership change, as it could signal future strategic moves or changes in corporate governance.
Key Numbers
- 46090R104 — CUSIP Number (Unique identifier for Investcorp Credit Management BDC, Inc. Common Stock)
- January 4, 2024 — Date of Event (The specific date that triggered the requirement for this SC 13D/A filing)
- January 8, 2024 — Filing Date (The date this amended Schedule 13D/A was filed with the SEC)
Key Players & Entities
- Cyrus Capital Partners, L.P. (company) — the entity filing the SC 13D/A, reporting changes in its beneficial ownership
- Investcorp Credit Management BDC, Inc. (company) — the issuer whose common stock is the subject of the filing
- Jennifer M. Pulick (person) — General Counsel for Cyrus Capital Partners, L.P., authorized to receive notices
- Eleazer Klein, Esq. (person) — Attorney at Schulte Roth & Zabel LLP, authorized to receive notices
- Adriana Schwartz, Esq. (person) — Attorney at Schulte Roth & Zabel LLP, authorized to receive notices
- $0.001 (dollar_amount) — par value per share of Investcorp Credit Management BDC, Inc. Common Stock
Forward-Looking Statements
- Cyrus Capital Partners, L.P. may be adjusting its investment strategy or level of influence over Investcorp Credit Management BDC, Inc. (Cyrus Capital Partners, L.P.) — medium confidence, target: Q1 2024
FAQ
What is the purpose of this specific SC 13D/A filing by Cyrus Capital Partners, L.P.?
This SC 13D/A is an amendment (Amendment No. 4) to a previously filed Schedule 13D, indicating an update to Cyrus Capital Partners, L.P.'s beneficial ownership of Investcorp Credit Management BDC, Inc. common stock, triggered by an event on January 4, 2024.
Which company's securities are the subject of this filing?
The securities in question are the Common Stock, par value $0.001 per share, of Investcorp Credit Management BDC, Inc. (CUSIP Number 46090R104).
Who is authorized to receive notices and communications for Cyrus Capital Partners, L.P. regarding this filing?
Jennifer M. Pulick, General Counsel for Cyrus Capital Partners, L.P., at 65 East 55th Street, 35th Floor, New York, New York 10022, is authorized to receive notices and communications.
What was the previous name of Investcorp Credit Management BDC, Inc.?
According to the filing, the former conformed name of Investcorp Credit Management BDC, Inc. was CM Finance Inc, with the name change occurring on May 31, 2013.
Why is the box checked indicating a previous Schedule 13G filing?
The filing states that the box is checked because the filing person (Cyrus Capital Partners, L.P.) has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is now filing this Schedule 13D/A because of Rule 13d-1(e), Rule 13d-1(f) or Rule 13d-1(g).
Filing Stats: 1,353 words · 5 min read · ~5 pages · Grade level 7.5 · Accepted 2024-01-08 17:15:12
Key Financial Figures
- $0.001 — me of Issuer) Common Stock, par value $0.001 per share (Title of Class of Securitie
- $1 — separate price. Each price was within a $1 price range. The Reporting Persons have
Filing Documents
- p24-0038sc13da.htm (SC 13D/A) — 60KB
- 0000902664-24-000084.txt ( ) — 61KB
SIGNATURES
SIGNATURES After reasonable inquiry and to the best of its knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct. Date: January 8, 2024 CYRUS CAPITAL PARTNERS, L.P. By: /s/ Stephen C. Freidheim Name: Stephen C. Freidheim Title: Authorized Signatory CYRUS CAPITAL PARTNERS GP, L.L.C. By: /s/ Stephen C. Freidheim Name: Stephen C. Freidheim Title: Manager /s/ Stephen C. Freidheim STEPHEN C. FREIDHEIM