We review Prospect Capital’s earnings release, and worry anew about the sustainability of the distribution, even if nobody else does.
The third Chapter 11 bankruptcy of the year where BDC debt is involved impacts Medley Capital.
Apollo Investment is getting out of Energy and CLOs, but there’s a potential price to pay for shareholders. We analyze the IVQ 2016 earnings release.
Update on how both BDC common stocks and Baby Bonds fared over the past week.
A sister company of Medley Capital’s Investment Advisor is buying big blocks of stock in the BDC. Thereby hangs a tale…
Avanti Communications appoints two new Board members from organizations which are Investment Advisors to BDCs who own the troubled company’s debt. Any conflict ?
A Medallion Financial subsidiary restructures with the SBA. We analyze the new agreement.
Newtek Business Services reports 2016 tax treatment of distributions and projects 2017. Shareholders will want to know.
A look at Ares Capital’s just announced allocation of taxable income in 2016.
Medallion Financial’s stock and publicly traded Notes hit new lows. Plus, stranger things from Debtwire.
Medley Capital borrows from Peter to pay Paul.
Why a thumbs up or down is not enough for BDC investors and Note holders.
We add a new loan to Prospect Capital’s recent developments, and explain why it’s newsworthy.
TPG Specialty fixes a rate for its Convertible Note offering. We discuss a couple of surprising outcomes.
Medallion Financial at 10 year low. We looked to the filings for market moving news. Updated the next day on reader tip.
We discuss why TPG Specialty is issuing Convertible Debt, and how that might affect its shareholders,.
Medley Capital redeems a public Note. Impact analyzed on Note holders and shareholders.
Newtek Business Services raises new equity. We discuss implications for shareholders and Note holders.
We calculate the potential benefit to shareholders from $100mn in new SBIC debentures. Don’t get excited.