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Investcorp Credit: Dividend Outlook Changed

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Following Investcorp Credit Management’s (formerly CM Finance) latest results, the BDC Reporter has new doubts about the sustainability of the current dividend. We explain why and offer up the BDC’s counter-arguments drawn from the Conference Call.

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Ares Capital: Issuing New Unsecured Notes

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Ares Capital is raising unsecured debt again, according to a draft Prospectus. We review the details; discuss the mix of secured and unsecured borrowings on the balance sheet and speculate how this development fits into the BDC’s plans for ambitious balance sheet expansion.

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