Another good week for BDC stocks and bonds recapped. The BDC Reporter spoils the party, talks history and throws out a few charts.
All the public BDC press releases and filings of the day. Alcentra gets a new chief; KCAP Financial announces a watershed earnings date and we use FS Investment’s stock price drop to offer unsolicited advice.
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.
All the public BDC press releases and filings of the day. Focus on what happens next at OHA Investment and at Main Street Capital, both of whom are reaching forks in the road.
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.
All the public BDC press releases and filings of the day. Focus on Gladstone Investment’s earnings and business model, and a half dozen other items.
Pathology services company restructures its unsecured debt, but is this only a stalling tactic ?
All the public BDC press releases and filings of the day. Long list, including MVC Capital’s financial engineering, PennantPark’s Prospectus and much more.
Musical equipment retailer placed on negative outlook by Moody’s. BDC exposure: $50mn.
All the public BDC press releases and filings of the day. We review insider purchases at Main Street Capital and Medallion Financial, and review the former’s Proxy which is coming up for a vote in May.
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.
Oil pipe manufacturer restructures out-of-court with debt for equity swap. BDC exposure: $44.4mn
Week 16 of the BDC Market Recap. Summed up: Stocks up, Bonds down.
All the public BDC press releases and filings of the day. We review Horizon Technology’s Proxy and an insider purchase by a TCP Capital Director and mention random facts about Prospect Capital.