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The BDC Credit Reporter adds another sad story about Retail Gone Wrong. Unfortunately, Sports Authority-already in Chapter 11-has given up trying to emerge therefrom and is heading for liquidation. Thousands of employees will lose their jobs and $1.1bn in debt is in question. 4 BDCs have exposure to the Company. However, the BDC with the greatest to lose is TPG Specialty (TSLX)...

The BDC Credit Reporter takes a quick look at Peabody Energy post bankruptcy, and after reading a new article about the process on Seeking Alpha. Expects losses to bondholders and lenders to be huge but amongst BDCs only American Capital Senior Floating (ACSF) has any exposure. There will be blood, but not much.