Main Street Capital Corporation announced the following recent activity in its private loan portfolio. During the third quarter of 2022, Main Street originated approximately $269.9 million in new commitments in its private loan portfolio across eight...
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October 14, 2022, 07:50 AM
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StepStone Group, a global private markets investment firm, announced the final closing of StepStone Senior Corporate Lending II (“SCL II” or “the Fund”), raising over $1.3 billion of commitments, surpassing its target of $1 billion. Through SCL II...
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May 05, 2022, 08:00 AM
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A decrease in first-lien term loan recoveries, driven by the pandemic, has begun to reverse, with 2021 ultimate recoveries reverting back to historical levels, according to a new Fitch Ratings report.“The coronavirus pandemic, resulting EBITDA...
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March 28, 2022, 07:00 AM
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Main Street Capital recently invested a total of $26.0 million in first lien, senior secured term debt in two existing portfolio companies.Main Street recently completed a follow-on investment in OMi Holdings, Inc, ("OMi") to support a...
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September 07, 2021, 07:07 AM
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Monticello Asset Management, LLC, a specialized private real estate and asset-based lender, servicer and fund manager, announced it has provided $37.8 million in first lien debt financing for the acquisition of two skilled nursing properties totaling...
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February 11, 2019, 07:43 AM
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Monticello Asset Management, LLC announced that one of Monticello’s investment vehicles originated a multi asset loan comprising of $69.3 million in first lien debt financing to a series of entities, including 50 Christy Place, LLC.
Monticello is a...
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June 14, 2017, 07:58 AM
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The substantial increase over the past six years of first-lien debt with little or no subordinated debt to absorb losses will lower recovery rates for senior leveraged loan investors in the next downturn, said Moody's Investors Service.The prevalence...
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April 21, 2016, 07:52 AM
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Warren Resources, Inc. continues to engage in discussions with its first lien lender, second lien lender and an ad hoc group of unsecured noteholders, regarding a restructuring of its debt obligations, which may occur as an out-of-court restructuring...
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April 07, 2016, 07:34 AM
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Prospect Capital Corporation provided System One Holdings, LLC, a portfolio company of MidOcean Partners, with an incremental $11.8 million of first lien senior secured floating rate debt to support the acquisition of AECOM's quality programs...
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July 14, 2015, 07:26 AM
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Praesidian Capital Europe, which provides senior and subordinated debt along with growth capital predominantly to UK companies, announced it has provided first lien debt to support the investment into Nutrisure Limited by Lonsdale Capital Partners, a...
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May 12, 2015, 07:06 AM
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Prospect Capital Corporation has provided USG Intermediate, LLC (“USG”) with $48.5 million of first lien, floating-rate debt commitments comprised of term loans and a revolving credit facility. Founded over a decade ago, USG is an entrepreneur-owned...
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April 17, 2015, 07:38 AM
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CFO.com reports Goldman Sachs BDC opened trading on the New York Stock Exchange Wednesday after raising $120 million in an initial public offering. The firm is the latest business development company (BDC) backed by a Wall Street investment bank that...
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March 20, 2015, 07:35 AM
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Prospect Capital recently provided a $200 million first-lien senior secured credit facility to support the refinancing of a logistics services portfolio company controlled by H.I.G. Capital (H.I.G.).
The H.I.G. portfolio company is a leading...
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March 22, 2013, 07:21 AM
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