The BDC Activist reports on new issuance of medium term, unsecured Notes by Alcentra Capital (ABDC) at all-in rates around 6.5%. We question the benefits to shareholders-if any-from issuing this debt capital given the high interest rate paid, the ensuing cost in management and incentive fees and other factors. Part of a general trend in the BDC sector of raising Non Accretive Capital.

BDC Company Alerts. Updated through Tuesday June 21, 2016: Added Alert for Caesar’s Entertainment Inc. and Caesar’s Entertainment Operating Company . All BDC investment ownership courtesy of Advantage Data.

Any link between American Capital (ACAS) sale to Ares Capital (ARCC) and financing of Qlick Technologies ?

BDC EXPOSURE: Business Development Corporation of America