In Breaking BDC News Of The Day, MVC Capital switches up its prior plan to merge two controlled entities, and finds a new buyer for its electric utility portfolio company. The BDC Reporter had a look immediately upon the release of the change of heart and sets out what the result might be for MVC shareholders in dollars and cents.
Capitala Finance is redeeming its Baby Bond with the ticker CLA. The market responds.
The BDC Reporter reviews the sustainability of Garrison Capital’s $0.28 quarterly distribution in the year ahead. Is maintenance of the current pay-out Likely, Possible or Unlikely ?
BDC common stock prices crawl back up modestly. The universe of Baby Bond universe shrinks, but prices remain high.
In BDC News Of The Day, Medallion Financial’s CEO buys a small Baby Bond position position, as revealed in a Form 4 filing. Both the debt and the common stock jump up in price.
In BDC News Of the Day, TICC Capital sees two directors depart and not replaced. The BDC Reporter is speechless.
The BDC Daily News provides all the details of PennantPark’s Baby Bond refinancing, and follows up with a wide ranging discussion of cost savings, compensation and risk. We cover a great deal of ground and place this transaction in a bigger BDC context eight years into the never-ending economic expansion.
The BDC Reporter takes a break from posting the BDC Daily News and takes a Big Picture look at the increasing popularity of leveraged lending with investors in Part I of a two part series.
BDC News Of the Day: Medley Seed Funding I, LLC continues to buy large positions in Medley Capital. The BDC Reporter seeks to “follow the money”.
Newtek Business Services gets a rating change. The stock price drops.
BDC News Of The Day: Capitala Finance completes Convertible Note offering.
BDC Daily News: Main Street Capital buys shares for its insiders. We briefly discuss officer compensation on the same day as a similar review of Hercules Capital is undertaken.
BDC News Of The Day: We review Hercules Capital’s Restricted Stock Unit awards filed May 23 and briefly discuss officer compensation levels.
The BDC Reporter had an opportunity to speak with Great Elm Corporation’s management about some unresolved issues from the latest Conference Call. Here is the update.
BDC News Of The Day: Alcentra reports what insider ownership looks like after the completion of a big sale on May 22.
BDC News Of The Day: Ares Capital reports results of recent shareholder votes.
Late in the day on May 22, 2017 Ares Capital announces its intention to redeem “expensive” Unsecured Notes.
Two Solar BDCs announce the unsurprising results of their annual shareholder votes.
In a BDC News Of The Day item, Capitala Finance is raising new capital through a public Convertible offering, less than 2 weeks after issuing a new Baby Bond.
BDC News Of The Day reports on “huuuuge” insider purchases at Medley Capital.