American Capital Senior Floating performs better than one might have expected…
We discuss why Main Street Capital, Prospect Capital and Garrison Capital are down in price.
We review Prospect Capital’s latest results and come to the conclusion a major dividend cut is coming. We spell out why and leave readers to decide for themselves. No, we are not Short PSEC (but we did consider a position).
A stunning new development: a leading asset manager offers to be the Investment Advisor of Hercules Capital.
Hercules Capital’s Chairman & CEO wants to change the BDC from internally managed to externally. Much confusion and a big drop in market capitalization ensues.
All the public BDC press releases and filings of the day. A flood of items came in including earnings from Solar Capital, Solar Senior Capital, Horizon Technology and Ares Capital. We had initial thoughts on each. Plus lots more.
Media company on BDC Credit Reporter’s Watch List adding senior manager.
Oil services company files pre-packaged bankruptcy. BDC exposure: $36.8mn. FS Energy & Power Fund has most exposure, along with ACSF. Major Realized Loss expected.
A major retailer to low income consumers stumbles and is in reorganization mode. BDC Exposure: $33mn. HMS Income, MAIN, CPTA and MRCC.
Music company – shortly after restructuring – loses a lawsuit. BDC Exposure: $129mn. FSIC, FSIC II, MAIN and HMS Income.
A restaurant operator to open new location. Good news for 2 BDCs with $8.9mn in exposure on Watch List.
Avaya update and $40.7mn BDC exposure detailed.
Pathology services company restructures its unsecured debt, but is this only a stalling tactic ?
Musical equipment retailer placed on negative outlook by Moody’s. BDC exposure: $50mn.
The Editor of the BDC Reporter introduces our latest foray into BDC analysis: the BDC Credit Reporter.
Well known public weight loss company gets positive report from Moody’s, but long term challenges remain. BDC exposure: $3.6mn.
California-focused energy company files for bankruptcy. BDC Exposure: $89mn.
Steel manufacturer in Chapter 11 restructures. BDC Exposure: $15.1mn.
The BDC Credit Reporter analyzes the current debt exchange underway at perennially restructuring Affinion, which has $100mn in BDC exposure.
