The BDC Reporter pens the second part of its primer on newly public Cion Investment Corporation. We dive into future leverage expectations and changes in compensation arrangements with the advisor. However, there’s still much we don’t yet know.
The BDC Reporter – in the first part of a two part series – provides a primer on the latest BDC to go public: Cion Investment Corporation.
The major indices were all in the black on Tuesday, and the BDC sector largely followed along. There was big news in the form of a BDC going public; outstanding earnings from an existing mid-sized player and yet another low yielding issuance of unsecured debt.
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.
A retailer files for bankruptcy protection as expected and 4 BDCs face the music of loss of income and likely much higher Realized and Unrealized losses while adding more monies.
BDC Exposure: $54mn.
Securus Technologies is in the midst of a buy-out. Activists have challenged the deal at the FCC. The BDC Credit Reporter assesses the chances of a last minute block.