A publicly-traded portfolio company which four BDCs have exposure to falls out with its lenders after months of forbearance. We discuss the possible implications for the company itself and its BDC lenders, which include several well known names.
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.
