We use the opportunity of MidCap Financial reporting its IVQ 2024 results to analyze what is happening to the BDC’s loan spreads, and what that might tell us about the BDC sector more generally.
It’s done! The merger of two closed-en funds into MidCap Financial has been completed. We’re learning some of the financial consequences for the BDC – some good, some not so much.
Yet another BDC taps the public “Baby Bond” market. We review both the micro and macro consequences.
In a surprise announcement, MidCap Financial has announced its intention to acquire two closed-end funds from within the Apollo universe.
We assess the likely realized losses to be booked by two BDCs in the wake of a debt-to-equity restructuring of an engineering company.
