BDC Daily News: Changing The Format
Premium Free Activist News Debt Investor Dividend Best IdeasThe BDC Reporter has been trying to read and comment on essentially every filing and news article about 45 public BDCs. The flood of new items brought on by earnings season has encouraged us to take a different approach which we believe will be both useful to our readers and within the scope of our resources as the Boswell of the BDC sector.
Hercules Capital: Switching To External Management ?
Premium Free Activist News Debt Investor Dividend Best IdeasHercules Capital’s Chairman & CEO wants to change the BDC from internally managed to externally. Much confusion and a big drop in market capitalization ensues.
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BDC News Of The Day: May 4, 2017 [Second Update]
Premium Free Activist News Debt Investor Dividend Best IdeasWe are updating the BDC News Of The Day as we go along to keep our reporting as timely as possible. This is the second cut, with a review of KCAP Financial and BlackRock Capital.
BDC News Of The Day: May 3, 2017
Premium Free Activist News Debt Investor Dividend Best IdeasAll 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 Storm: New Senior Manager Added
Premium Free Activist News Debt Investor Dividend Best IdeasMedia company on BDC Credit Reporter’s Watch List adding senior manager.
Ameriforge Group: Files For Chapter 11
Premium Free Activist News Debt Investor Dividend Best IdeasOil services company files pre-packaged bankruptcy. BDC exposure: $36.8mn. FS Energy & Power Fund has most exposure, along with ACSF. Major Realized Loss expected.
BDC News Of The Day: May 2, 2017
Premium Free Activist News Debt Investor Dividend Best IdeasAll the public BDC SEC filings of the day. Focus on Medallion Financial’s Proxy, Solar Capital and Solar Senior Capital governance issues and what a major investor in MVC Capital is up to.
BDC News Of The Day: May 1, 2017
Premium Free Activist News Debt Investor Dividend Best IdeasAll the public BDC press releases and filings of the day. Busy day includes OHA Investment, TCP Capital, Hercules Capital and Fifth Street filings and earnings dates from Prospect Capital and OFS Capital. Plus a warning re PSEC from us and one from JP Morgan re: Solar Capital.
BDC Market Recap: Week Ended April 28, 2017
Premium Free Activist News Debt Investor Dividend Best IdeasAnother good week for BDC stocks and bonds recapped. The BDC Reporter spoils the party, talks history and throws out a few charts.
BDC News Of The Day : April 28, 2017
Premium Free Activist News Debt Investor Dividend Best IdeasAll 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.
Bluestem Brands: Reorganization Underway
Premium Free Activist News Debt Investor Dividend Best IdeasA major retailer to low income consumers stumbles and is in reorganization mode. BDC Exposure: $33mn. HMS Income, MAIN, CPTA and MRCC.
Mood Media: Loses Court Ruling
Premium Free Activist News Debt Investor Dividend Best IdeasMusic company – shortly after restructuring – loses a lawsuit. BDC Exposure: $129mn. FSIC, FSIC II, MAIN and HMS Income.
BDC News Of The Day: April 27, 2017
Premium Free Activist News Debt Investor Dividend Best IdeasAll 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.
Barfly Ventures, LLC: Opens New Restaurant Location
Premium Free Activist News Debt Investor Dividend Best IdeasA restaurant operator to open new location. Good news for 2 BDCs with $8.9mn in exposure on Watch List.
Avaya, Inc.: Judge Allows Blackberry Lawsuit
Premium Free Activist News Debt Investor Dividend Best IdeasAvaya update and $40.7mn BDC exposure detailed.
BDC News Of The Day: April 26, 2017
Premium Free Activist News Debt Investor Dividend Best IdeasAll 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.
Aurora Diagnostics: Debt Restructured
Premium Free Activist News Debt Investor Dividend Best IdeasPathology services company restructures its unsecured debt, but is this only a stalling tactic ?
BDC News Of The Day: April 25, 2017
Premium Free Activist News Debt Investor Dividend Best IdeasAll the public BDC press releases and filings of the day. Long list, including MVC Capital’s financial engineering, PennantPark’s Prospectus and much more.
Guitar Center, Inc.: Moody’s Revises Outlook To Negative
Premium Free Activist News Debt Investor Dividend Best IdeasMusical equipment retailer placed on negative outlook by Moody’s. BDC exposure: $50mn.