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News Stories (18 Results) - Business Develoment Company

FS/KKR Advisor, LLC (FS/KKR), a partnership between FS Investments and KKR Credit Advisors (US) LLC, announced that the merger of FS Investment Corporation ( and Corporate Capital Trust, Inc. has closed, creating the second-largest publicly traded... Read Story
December 20, 2018, 07:30 AM

Business Development Companies (BDCs) that rely on Collateralized Loan Obligations (CLOs) as a part of their funding strategies can breathe a little easier after the Securities and Exchange Commission suggested it would not take enforcement action... Read Story
September 13, 2018, 07:56 AM

Golub Capital BDC, Inc., a business development company, announced the closing of a new $300 million credit facility with Morgan Stanley Bank, N.A., as lender. The Credit Facility has a revolving availability period that extends through January 21... Read Story
July 24, 2018, 07:14 AM

AloStar Capital Finance successfully agented and closed a $50 million committed credit facility for KCAP, a publicly traded Business Development Company (BDC).“Thanks to AloStar, we will be able to expand our portfolio and grow investment... Read Story
June 07, 2018, 07:08 AM

Additional Business Development Companies (BDCs) are likely to seek board and/or shareholder approval to increase leverage to 2.0x from 1.0x following recent changes from the Small Business Credit Availability Act, which was signed into law on March... Read Story
April 16, 2018, 07:08 AM

Golub Capital BDC, Inc., a business development company, announced that it originated $136.0 million in new middle-market investment commitments during the three months ended March 31, 2018. Approximately 79% of the new middle-market investment... Read Story
April 11, 2018, 07:19 AM

FS Investments and KKR announced the closing of their previously announced transaction to create the market's largest business development company (BDC) platform, with $18 billion in combined assets under management. A new partnership, FS/KKR... Read Story
April 09, 2018, 08:00 AM

Ares Capital Corporation announced that it plans to recommend a path for approval of a certain provision contained in the recently passed Small Business Credit Availability Act (SBCAA) that was signed into law on March 23, 2018. The SBCAA includes a... Read Story
April 03, 2018, 08:00 AM

A last-minute inclusion to a massive spending package passed by Congress last week and signed by President Donald Trump on Friday will allow investment companies controlled by private-equity firms to borrow more money and increase their lending. But... Read Story
March 27, 2018, 07:41 AM

The U.S. House Financial Services Committee approved by a wide margin, a bipartisan measure to loosen restrictions on Business Development Companies that lend to small businesses and the middle market. Introduced by Representatives Steve Stivers... Read Story
November 20, 2017, 08:00 AM

Oaktree Capital Management, L.P, which is part of Oaktree Capital Group, has signed a definitive asset purchase agreement under which Oaktree will become the new investment adviser to two business development companies (BDCs): Fifth Street Finance... Read Story
July 17, 2017, 07:40 AM

Owl Rock Capital Corporation and Regents of the University of California entered into the Amended and Restated Limited Liability Company Agreement to co-manage a new lending vehicle named Sebago Lake LLC, according to a recent regulatory filing.... Read Story
June 30, 2017, 07:25 AM

Newtek Business Services Corp., an internally managed business development company, announced that Newtek Merchant Solutions, Premier Payments LLC, Small Business Lending, LLC, banc-serv Partners, LLC and Newtek Technology Solutions, each a... Read Story
June 23, 2017, 07:00 AM

TCG BDC, Inc.announced that it plans to make an initial public offering of 9,000,000 shares of its common stock. TCG BDC is expected to list its common stock on the NASDAQ Global Select Market under the symbol “CGBD.” The underwriters are expected to... Read Story
June 12, 2017, 07:18 AM

The run-up in business development company (BDC) equity prices in recent months should lead to further opportunistic equity issuance by some BDCs, says Fitch Ratings. For those firms trading above net asset value (NAV) and able to access equity... Read Story
September 21, 2016, 07:27 AM

Capital Southwest Corporation provided a $13 million term loan to refinance existing first lien debt of Amware Fulfillment, LLC ("Amware"), a portfolio company of Rotunda Capital Partners. The transaction closed on July 29, 2016. Capital Southwest is... Read Story
August 03, 2016, 07:50 AM

Full Circle Capital Corporation ("Full Circle") announced that it has entered into a merger agreement with Great Elm Capital Corp., a company formed by Great Elm Capital Group, Inc. ("GEC", formerly Unwired Planet, Inc.) and funds managed by MAST... Read Story
June 24, 2016, 07:30 AM

Fitch Ratings has affirmed the 'BB' Long-Term Issuer Default Rating (IDR) and debt ratings of Fifth Street Finance Corp (FSC). The Rating Outlook is Negative. Fitch has chosen to withdraw the ratings of FSC for commercial reasons. A full list of... Read Story
June 08, 2016, 07:29 AM