BDC Reporter Site Update
Premium Free Activist News Debt Investor Dividend Best IdeasJuly 25
July 25
July 25, 2016: TICC Capital (TICC)
July 22: TSLX, FSIC, FSIC II, FSIC III
July 22: TSLX,FSIC, FSIC II, FSIC III
July 21, 2016
July 11-20
July 20, 2016: MVC Capital (MVC)
July 19, 2016: The BDC Activist reviews TICC Capital’s (TICC) latest announcement about its investment strategy, and provides an unsolicited suggestion about what the Board of the troubled BDC should do for its long suffering shareholders.
The BDC Activist reports on new issuance of medium term, unsecured Notes by Alcentra Capital (ABDC) at all-in rates around 6.5%. We question the benefits to shareholders-if any-from issuing this debt capital given the high interest rate paid, the ensuing cost in management and incentive fees and other factors. Part of a general trend in the BDC sector of raising Non Accretive Capital.
BDC Company Alerts. Updated through Tuesday June 21, 2016: Added Alert for Caesar’s Entertainment Inc. and Caesar’s Entertainment Operating Company . All BDC investment ownership courtesy of Advantage Data.
June 7
BDC Credit Reporter Company Alerts for Monday June 6, 2016: UCI International and Caesar’s Entertainment Operating Company.
Any link between American Capital (ACAS) sale to Ares Capital (ARCC) and financing of Qlick Technologies ?
June 3, 2016: FS Energy & Power Fund, FS Investment II, FS Investment III, FS Investment (FSIC).
Trends in BDC credit quality.
June 2, 2016: FSIC, FSIC II, FSIC III
June 1, 2016: Prospect Capital )PSEC) sells a portfolio company.
BDC EXPOSURE: Business Development Corporation of America