Securus Technologies Holdings is being sold and all its debt repaid. 6 BDCs with $54mn in exposure are going to get paid off and will have to decide whether to join the new debt being arranged. Details here.
REVISED: The BDC Credit Reporter corrects an earlier version of this story about Gymboree Corporation’s impending default on unsecured Notes and the possible impact on two BDCs with exposure: TCP Capital and KCAP Financial .
Following the BDC News Of The Day reporting on the new deal announced by MVC Capital, the market has reacted to the news.
The BDC Reporter reviews the sustainability of Garrison Capital’s $0.28 quarterly distribution in the year ahead. Is maintenance of the current pay-out Likely, Possible or Unlikely ?
The BDC Reporter takes a break from posting the BDC Daily News and takes a Big Picture look at the increasing popularity of leveraged lending with investors in Part I of a two part series.
Newtek Business Services gets a rating change. The stock price drops.
The BDC Reporter had an opportunity to speak with Great Elm Corporation’s management about some unresolved issues from the latest Conference Call. Here is the update.
All the BDC press releases and filings listed and annotated. The only exception is OHA investment’s earnings release, which we’ll review by itself.
The BDC Reporter recaps the convoluted story of Hercules Capital’s proposed change of management form up to date, adding the latest twist in the tale from the “independent” directors of the Board. Like a good Broadway show, this is going to run and run.
As part of the BDC Reporter’s Daily News output, we review Great Elm Corporation’s IQ 2017 earnings.
The BDC Reporter updates the weekly movement of BDC common stocks (way down) and Baby Bonds (statue-like) and looks back at the more than year long rally in the former.
Capital Southwest’s Proxy filing tackles several issues, some of which should be important to the BDC’s shareholders including a new Chairman of the Board; manager compensation and a change in legal jurisdictions. Boring to many, fascinating to the BDC Reporter.
Not just another insider purchase story, but another step in a complex investment scheme where Medley Capital’s stock gets purchased by its Investment Advisor and investors brought in by Fortress Investment.
The BDC Credit Reporter has a brief look at a new set of data from the Restaurant Sector. The trend remains negative and a risk for BDC exposure.
Three analyst recommendations from May 10th for Main Street, THL Credit and Golub Capital, all from Raymond James and all with the word “cut” included in the headline.
BDC Reporter discusses the PSEC price drop, our projection about future distributions posted yesterday and what could go wrong for shareholders and what could go right. We lean to the wrong.
We review Monroe Capital’s IQ 2017 results: Good, but credit and earnings challenges increasing.
Harvest Capital earnings reviewed. Lackluster, but no smoking gun. Stock headed south, but Baby Bond holding up.
