Articles for Garrison Capital

In a much anticipated move both the shareholders of Portman Ridge and Garrison Capital formally agreed to a merger first mooted in mid-year. The BDC Reporter, though, has serious concerns about the post-merger balance sheet; leverage and liquidity of a super-sized Portman Ridge.

A portfolio loan of Garrison Capital’s that was booked as non performing has just been returned to accrual status after a contentious restructuring is achieved.

The BDC Reporter undertakes a credit review of Garrison Capital.

An oil services company financed by three public BDCs unexpectedly files Chapter 11. We re-publish an article from the BDC Reporter and review which BDCs are involved and for how much.

In a surprise development, Portman Ridge Financial and Garrison Capital announce plans to merge. The BDC Reporter analyzes what the two BDCs bring to one another and muses about the implications for the BDC sector in the quarters ahead.

“What goes up will come down” as BDC sector prices proved this week as volatility resumed. Also there were other notable developments including equity capital raised; a surprise dividend and important shareholder approvals. We also discuss the surprising change the size of the BDC sector is likely to take in the days and months ahead.