BDC News Feed

A collection of the latest BDC developments in reverse chronological order.

5-4-2026: Trinity Capital Receives SBIC License from US SBA

Trinity Capital Inc. announced that its sponsored investment fund, Trinity Capital SBIC LP (the "Fund") has received approval from the U.S. Small Business Administration to operate as a Small Business Investment Company. The Fund is the Company's third sponsored investment fund that has received such a license since the Company's inception in 2008.

5-4-2026: PennantPark Investment Announces May 2026 Dividend

PennantPark Investment Corporation declares its monthly distribution for May 2026 of $0.08 per share, comprised of a $0.04 per share base dividend and $0.04 per share supplemental dividend, payable on June 1, 2026 to stockholders of record as of May 15, 2026.

5-4-2026: Pennant Park Floating Rate Announces May 2026 dividend

PennantPark Floating Rate Capital Ltd.declares its monthly distribution for April 2026 of $0.1025 per share, payable on May 1, 2026 to stockholders of record as of April 15, 2026.

4-27-2026: Great Elm Capital To Redeem Baby Bond GECCO

The Company will redeem all of the issued and outstanding Notes on May 27, 2026 (the “Redemption Date”). The redemption price for the Notes equals 100% of the principal amount per Note being redeemed, or $25.00 per Note, plus the accrued and unpaid interest thereon, if any, through, but excluding, the Redemption Date (the “Redemption Price”). The accrued interest per Note being redeemed that is payable on the Redemption Date will be $0.228472.

The BDC Fixed Income Table will be adjusted accordingly. This will bring the total number of BDC issues outstanding to 29.

4-22-2026: As Blue Owl’s Strains Worsened, Its Bankers Pitched a Long Shot- Bloomberg

Blue Owl Capital needed a win as its shares had plunged nearly 50% and clients were seeking to pull unprecedented sums from its funds.
The firm decided to offer a premium to get a bond sale deal done, which would reaffirm its access to capital markets and reinforce its investment-grade standing.
The deal appears to be working, with Blue Owl's shares jumping 17% since the sale and spreads on the bonds tightening by about 25 basis points, after Pacific Investment Management Co. emerged as the buyer of the entire $400 million offering.

4-21-2026: Main Street: Makes Additional Investment in Mail Company

MAIN recently completed a follow-on investment in its existing portfolio company, UBM ParentCo, LLC, doing business as United Business Mail, a leading provider of "marketing mail" commingle services. Main Street, along with its co-investor, MSC Income Fund, Inc., made the follow-on investment in UBM to support a strategic acquisition. Main Street's portion of the investment consisted of an additional $15.6 million in first-lien, senior-secured term debt. Main Street and MSIF initially invested in UBM in December 2025.

4-20-2026: Trinity Capital Provides Loan To Cala Health

Trinity Capital Inc. announced the commitment of $50 million in growth capital to Cala Health ("Cala"), a bioelectronic medicine company developing wearable neuromodulation therapies for tremors.

4-20-2026: Investcorp Credit Management Hires Financial Advisor

Investcorp Credit Management BDC, Inc. announced that it has engaged Houlihan Lokey, a leading independent investment bank, as its financial advisor to assist the Special Committee of Independent Directors in its ongoing review of strategic alternatives.

See the BDC Reporter article.