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.
We alert readers to several credit developments affecting multiple BDCs that we’ve covered in our sister publication, the BDC Credit Reporter, and discuss some lessons learned.
Here are some of the latest developments amongst under-performing BDC companies since our last report filed April 22, 2019
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: $23mn
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.
September 1, 2016: Cion Investment, Griffin-Benefit Street Partners BDC
