The BDC Credit Reporter analyzes the current debt exchange underway at perennially restructuring Affinion, which has $100mn in BDC exposure.
Oil pipe manufacturer restructures out-of-court with debt for equity swap. BDC exposure: $44.4mn
First attempt by the BDC Credit Reporter – a sister publication we are planning – at a daily update of developments at Watch List companies that BDCs have exposure to.
The BDC Credit Reporter provides an update on what’s happening with Mood Media ($125mn in BDC exposure) and draws a parallel between some BDC investments and Greece.
The BDC Reporter’s initial response to the departure of Fifth Street CEO Patrick Dalton.
“[Speculative grade loan] Companies can choose to reprice these ]leveraged] loans at any time, locking in lower rates if there’s sufficient demand. And they are doing so at an accelerating pace, with such repricings and refinancings reaching the highest level in the three months ended March 31 since at least 2013, according to Lara Wieczezynski of Bloomberg News.”
BlackRock Capital’s Investment Adviser claims the BDC’s poor results have nothing to do with them, and points to the IRR on its “own” investments. We don’t agree.
Golub Capital gets a thumbs up.
One more reason why we’re worried about Retail in 2017
In the first of a two part article, we discuss the secrets of Golub Capital’s success since going public in 2010. There are object lessons there both for investors and for its BDC peers. In Part II, though, we will suggest what might go wrong in the future for this now very expensive BDC which reached its all time high just a few days ago.
We review BlackRock Capital’s 2017 Proxy and the two issues being put to a shareholder vote.
Medallion Financial’s stock price is up. We offer a possible reason from the BDC’s filings.
Troubled OHA Investment hits new low.
We rejig an earlier post about THL Credit and update what’s happening to its stock price.
Highlights and analysis from Alcentra Capital’s latest 10-K.
The BDC Reporter delves into the portfolio of OHA Investment.
The BDC Reporter noted the first chill in the BDC market on March 8, 2017. Prescient or false alarm ?
Medallion Financial was up. Now it’s down. Waiting game ?
We predict that Monroe Capital will be raising new equity capital before lomng.
The BDC Reporter digs into FS Investment’s book value and earnings trends.
