Over the weekend a major portfolio company of FS KKR Capital and recently public FS KKR Capital II filed for bankruptcy. Both sister BDCs have substantial exposure.
We re-publish a post from the BDC Credit Reporter regarding the latest bankruptcy filing of a BDC-financed company, and review the implications for the public and non-listed BDC lenders involved.
The BDC Credit Reporter analyzes the current debt exchange underway at perennially restructuring Affinion, which has $100mn in BDC exposure.
The BDC Activist describes the resolution of another External Manager switch over and muses about what it all means.
The BDC Activist reviews the change of external manager at non-traded Business Development Company of America.