LIEN News & Events

Total gross investment income of $15.1M. Interest income accounted for $13.8M, of which $1.9M was related to one-time pre-payment premiums from early payoffs. Net asset value per share was $13.27 on September 30, 2025. Funded eleven portfolio companies with $66.3M in aggregate par value during the third quarter of 2025. Peter Sack, CEO commented, "We are a highly differentiated BDC with a portfolio, strategy, platform, and credit quality that continue to stand out from the rest of the industry. At a time when borrower credit concerns, portfolio interest rate sensitivity, and dividend coverage issues are common concerns across the industry, Chicago Atlantic BDC has relied upon our platform's originations and underwriting acumen to build a strong portfolio with no loans on non-accrual, low exposure to third party originators, and limited downside exposure to interest rate declines. With $66.7M of gross originations during the quarter, another record for the Company, and another $5M subsequent to quarter end, we were able to utilize a portion of our new credit facility while improving the diversification of the portfolio. By remaining under-levered through a patient approach compared with the rest of the industry, we have also reserved available liquidity to deploy over the balance of the year and into 2026 to take advantage of new opportunities."

For the three months ended June 30, 2025, total investment income was approximately $13.1 million. Net asset value per share was $13.23 on June 30, 2025. As of June 30, 2025, the Company's investment portfolio had an aggregate fair value of approximately $307.5 million across 31 portfolio companies. During the quarter ended June 30, 2025, the Company funded nine portfolio companies with an aggregate par value of $39.1 million, three of which were in new borrowers. Subsequent to quarter end, the Company funded five investments with an aggregate par value of $17.2 million, three of which were to new borrowers. Peter Sack, Chief Executive Officer of the Company, commented, "Through a consistent and measured approach, we deployed $56 million in gross fundings by principal value during the second quarter and to date in the third quarter. These investments were partially funded with borrowings on our new senior credit facility. With the originations pipeline of cannabis and non-cannabis opportunities growing to over $780 million across the Chicago Atlantic platform, we believe the credit facility will provide a distinct advantage in meeting the needs for borrowers' upcoming debt maturities, growth capital and potential ESOP transactions."

Peter Sack, Chief Executive Officer of the Company, commented, "We continued our measured deployment during the first quarter and to date in the second quarter, bringing our gross fundings by principal value to $52.8 million since October 1, 2024. The new credit facility provides liquidity to pursue new opportunities and work collaboratively with both cannabis and non-cannabis borrowers seeking capital. We believe our strategy of focusing on senior-secured lending at the top of the capital structure in the lower-middle and middle markets, together with prudent structuring of terms to manage interest rate volatility, has enabled us to navigate the recent volatility in the equity and credit markets. We are well positioned to deploy into a growing originations pipeline as the year progresses."