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.
In a week where BDC stocks moved up to break new 2019 records – which we discuss at length – the BDC Reporter looks down the road at the growing and changing nature of the sector.
Once again, the BDC Reporter summarizes some of the key developments lifted from the BDC Credit Reporter.
A major risks solutions company, to which 5 different BDCS have nearly $100mn of exposure to, has been acquired. We review impact on the BDCs involved.
Here are some of the latest developments amongst under-performing BDC companies since our last report filed April 22, 2019
A large IT company files Chapter 11. Four BDCs are lenders. The BDC Credit Reporter assesses the likely damage. [Includes an update on Great Elm’s position]
BDC Exposure: $137mn
BDC Exposure: $67mn
BDC exposure: $137mn.
Mood Media has completed its Chapter 15 Canadian restructuring and made the move to a U.S. jurisdiction. Financial challenges remain unchanged.
FS Investment might have to change its $78mn in Caesars loans valuations.
Shocking turn of events in the Caesars bankruptcy.
Worried about new Watch List company Mood Media.
