Home BDC

BDC

CFO Forum: Growing with the times

As private debt continues its rise, the role of the chief financial officer is evolving to keep pace, said speakers and delegates at the inaugural PDI CFOs & COOs Forum this week. That change has not been without growing pains, however. Among the topics on attendees’ minds were service outsourcing; technology; and the nuances of […]

GSBD leverage vote met with upbeat Fitch rating, S&P rating withdrawal

The twin decisions showcased the different views of recent BDC statute changes the two ratings firms have adopted.

The real cost of reform

Ares, Apollo, FS and other BDCs have spent millions since 2011 getting the BDC bill passed.

Apollo BDC leverage hike may boost assets by $1bn

The New York-based firm has spent $2.25m on lobbying costs in Washington since 2012, mainly on the BDC bill, public data show.

Portfolio markdowns, run-offs push down FSIC’s Q1 EPS

The write-downs mainly came from three equity positions and one debt investment.

Private credit managers providing bankruptcy financing to Rockport

Two private mezzanine managers and one business development company were also among the backers of a $60m prepetition ABL backing the firm’s buyout.

Golub BDC hits highest NAV per share, urges ‘do no harm’ on new leverage...

The mid-market lender said it could gain access to additional capital through an equity offering or upping its current leverage profile, but has opted not to in the interest of caution.

Ares BDC comprises majority of firm’s Q1 US direct lending commitments

The publicly traded vehicle reported a GAAP earnings per share of $0.57.

BKCC adds $127m to portfolio in first quarter

The New York-based BDC also shed all of its non-accruals over the quarter.

Medley cuts dividend amid $0.53-a-share loss

The BDC posted net realised and unrealised losses of $32.36m, which included a $23.33m realised loss.

Copyright PEI Media

Not for publication, email or dissemination