Medley Capital is changing how the BDC is managed and named. We discuss the details and offer up some strong opinions about what’s happening here.
A portfolio company of Medley Capital is involved in Operation Warp Speed. We discuss the possible implications for the BDC’s shareholders.
The BDC Reporter has de-constructed Medley Capital’s large cohort of underperforming portfolio companies to ascertain what value remains in this worst performing BDC.
Medley Capital closes BDC earnings season with predictably poor results and leaves the BDC Reporter rhetorically asking: “What’s next ?”
The Medley story adds another twist, with an unexpected switch to internal management beginning in the new year. We offer some analysis but no definitive answers.
Medley Capital announces the redemption of one of its two remaining Baby Bonds. The BDC Reporter discusses the implications for the BDC’s shareholders and remaining bond holders.
Medley Capital divests itself of its largest single investment. We review the details and the implications for stock and debt holders.
Medley Capital’s Board extends an agreement with its manager but has nothing to say about what happens next for the zombie BDC.
The BDC Reporter scores Medley Capital’s IIQ 2020 results report card with a rating higher than you might have expected.
The BDC Reporter digs into Medley Capital’s latest results to analyze earnings and asset value at a time when the BDC is once again on the auction block.
Following months of not hearing from Medley Capital, we get an opportunity to ascertain where the BDC stands thanks to the publication of the IVQ 2019 results.
Medley Capital finally settles a key lawsuit with shareholders. We review the terms and the likely impact on the way forward for the BDC and its sister entities.
Medley Capital has finally reported fiscal year end results. We review the highlights and low lights in the context of the elephant in the room: the future of the BDC.
Medley Management quietly announces that millions of shares in Medley Capital held in a special purpose vehicle their principals control are being “put” to their owners. Therein hangs a tale that dates back several years and which the BDC Reporter has been covering throughout.
Medley Capital announces no “superior buyer” has been found by its investment banker Houlihan Lokey and the Board is – once again – recommending to the BDC’s shareholders a merger into Sierra Income. We review the latest developments and who might be the likely winners and losers.
The BDC Reporter reviews in great detail the credit performance and outlook of Medley Capital following the publication of the second quarter results. The value of the portfolio is a critical element of the two different transactions currently being weighed by the BDC.
Medley Capital amends the deed of trust with its Israeli Baby Bond holders, as we anticipated on July 5. We discuss – as best we can given the spotty disclosures – the implications for the BDC’s shareholders and debt holders.
Hot off the digital press: a new twist in the Medley saga that will be of interest to both debt and stockholders: Medley Capital has made an offer to its Israeli unsecured debt holders that they might find hard to refuse.
We annotate the press release by NexPoint Capital after losing a key shareholder vote at Medley Capital and list out the many uncertainties remaining before the fate of the BDC will be known.
The BDC Reporter reviews the recommendation by two proxy advisory firms about who to favor in the upcoming vote for Medley Capital’s Board and offers its own suggestion.
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