FORM 4
[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

WATSA V PREM ET AL
2. Issuer Name and Ticker or Trading Symbol

Crescent Capital BDC, Inc. [ CCAP ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                    __X__ 10% Owner
_____ Officer (give title below)    _____ Other (specify below)
(Last)          (First)          (Middle)

95 WELLINGTON STREET WEST, SUITE 800
3. Date of Earliest Transaction (MM/DD/YYYY)

12/17/2021
(Street)

TORONTO, A6 M5J 2N7
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

___ Form filed by One Reporting Person
_ X _ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 12/17/2021  S  6770 D$18.25 (1)(2)3789476 I See footnote (5)
Common Stock 12/20/2021  S  28156 D$18.00 (3)(2)3761320 I See footnote (5)
Common Stock 12/21/2021  S  52007 D$18.07 (4)(2)3709313 I See footnote (5)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security3. Trans. Date3A. Deemed Execution Date, if any4. Trans. Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
6. Date Exercisable and Expiration Date7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares

Explanation of Responses:
(1) This transaction was executed in multiple trades at prices ranging from $18.25 to $18.32. The shares sold include 4,895 shares sold by Allied World Assurance Company, Ltd., GmbH ("Allied World") and 1,875 shares sold by Brit Reinsurance (Bermuda) Limited - FAL ("Brit"), which are both wholly-owned subsidiaries of Fairfax Financial Holdings Limited.
(2) The price reported reflects the weighted average sale price. The reporting persons hereby undertake to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
(3) This transaction was executed in multiple trades at prices ranging from $18.00 to $18.17. The shares sold include 20,357 shares sold by Allied World and 7,799 shares sold by Brit.
(4) This transaction was executed in multiple trades at prices ranging from $18.00 to $18.38. The shares sold include 37,602 shares sold by Allied World and 14,405 shares sold by Brit.
(5) These securities are held by wholly-owned subsidiaries of Fairfax Financial Holdings Limited. Mr. Watsa is the CEO and controlling person of Fairfax Financial Holdings Limited through the other reporting persons. Each of the reporting persons disclaims beneficial ownership of the securities reported herein for purposes of Rule 16a-1(a) under the Securities Exchange Act of 1934, as amended (the "Exchange Act"), except to the extent of its or his pecuniary interest therein, if any. This report shall not be deemed an admission that any of the reporting persons is a beneficial owner for the purpose of Section 16 of the Exchange Act, or for any other purpose.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director10% OwnerOfficerOther
WATSA V PREM ET AL
95 WELLINGTON STREET WEST
SUITE 800
TORONTO, A6 M5J 2N7

X

FAIRFAX FINANCIAL HOLDINGS LTD/ CAN
95 WELLINGTON STREET WEST
SUITE 800
TORONTO, ONTARIO, A6 M5J 2N7

X

SECOND 1109 HOLDCO LTD.
95 WELLINGTON STREET WEST
SUITE 800
TORONTO, ONTARIO, A6 M5J 2N7

X

SIXTY TWO INVESTMENT CO LTD
1600 CATHEDRAL PLACE
925 W GEORGIA ST
VANCOUVER, BRITISH COLUMBIA, A1 V6C3L3

X

Allied World Assurance Co Holdings, GmbH
27 RICHMOND ROAD
PEMBROKE, D0 HM 08

X


Signatures
/s/ V. Prem Watsa12/21/2021
**Signature of Reporting PersonDate

/s/ Peter Clarke, Vice President and COO, on behalf of Fairfax Financial Holdings Ltd.12/21/2021
**Signature of Reporting PersonDate

/s/ V. Prem Watsa, President, on behalf of The Second 1109 Holdco Ltd.12/21/2021
**Signature of Reporting PersonDate

/s/ V. Prem Watsa, President, on behalf of The Sixty Two Investment Company Limited12/21/2021
**Signature of Reporting PersonDate

/s/ Peter Clarke, Attorney-in-fact, on behalf of Allied World Assurance Company Holdings, Ltd.12/21/2021
**Signature of Reporting PersonDate


Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
*If the form is filed by more than one reporting person, see Instruction 4(b)(v).
**Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note:File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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