Once again, the BDC Reporter summarizes some of the key developments lifted from the BDC Credit Reporter.
Here are some of the latest developments amongst under-performing BDC companies since our last report filed April 22, 2019
A well known retailer decides to liquidate. Three BDCs will be taking further credit hits as a result and major realized losses when the process is completed.
A portfolio company of 4 BDCs files for Chapter 11 and we consider the implications.
BDC Exposure: $137mn
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.
BDC Exposure: $32.7mn
A restaurant operator to open new location. Good news for 2 BDCs with $8.9mn in exposure on Watch List.
Worried about new Watch List company Mood Media.
