X0306 4 2019-10-28 0001578348 Investcorp Credit Management BDC, Inc. ICMB 0001791302 Investcorp BDC Holdings Ltd CENTURY YARD, CRICKET SQUARE PO BOX 1111 GRAND CAYMAN. KY1-1102 E9 BWI CAYMAN ISLANDS true 0001790382 Investcorp Credit Management US LLC 280 PARK AVENUE 36TH FLOOR NEW YORK NY 10017 true 0001079218 SIPCO HOLDINGS LTD CENTURY YARD, CRICKET SQUARE PO BOX 1111 GRAND CAYMAN KY1-1102 E9 BWI CAYMAN ISLANDS true 0000903555 Investcorp S.A. CENTURY YARD, CRICKET SQUARE PO BOX 1111 GRAND CAYMAN KY1-1102 E9 BWI CAYMAN ISLANDS true Common Stock, $0.001 par value per share 2019-10-28 4 P 0 1437 6.6323 A 24776 D Common Stock, $0.001 par value per share 2019-10-29 4 P 0 1600 6.675 A 26376 D The price reported in Column 4 is a weighted average price. These shares were bought in multiple transactions at prices ranging from $6.53 to $6.67. The reporting person undertakes to provide to the Investcorp Credit Management BDC, Inc. (the "Company"), any security holder of the Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares bought at each separate price within the ranges set forth in this Form 4. These shares of Common Stock are owned directly by Investcorp BDC Holdings Limited ("IBDC"). The same shares of Common Stock are reported herein as being beneficially owned by Investcorp S.A. ("Investcorp"), SIPCO Holdings Limited ("SIPCO") and Investcorp Credit Management US LLC ("ICM"). Investcorp and ICM each disclaim beneficial ownership of the shares held by IBDC, except to the extent, if any, that they have a pecuniary interest in such shares and such pecuniary interest is ultimately realized. SIPCO may be deemed to control Investcorp through its ownership of a majority of the stock of a company that indirectly owns a majority of Investcorp. SIPCO Limited disclaims beneficial ownership of the shares reported on this Form 3. The price reported in Column 4 is a weighted average price. These shares were bought in multiple transactions at prices ranging from $6.665 to $6.71. Investcorp BDC Holdings Limited, by Patrick Maloney, attorney-in-fact /s/ Patrick Maloney 2019-10-29 Investcorp Credit Management US LLC, by Patrick Maloney, General Counsel /s/ Patrick Maloney 2019-10-29 SIPCO Holdings Limited, by Patrick Maloney, attorney-in-fact /s/ Patrick Maloney 2019-10-29 Investcorp S.A., by Patrick Maloney, attorney-in-fact /s/ Patrick Maloney 2019-10-29