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News Stories (21 Results) - BDC

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


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


FS Investments, an alternative investment manager, and KKR, a global investment firm, announced that they have entered into an agreement to create the largest business development company (BDC) platform, with $18 billion in combined assets under... Read Story
December 11, 2017, 08:00 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


Monroe Capital Corporation announced its financial results for the third quarter ended September 30, 2017. Third Quarter 2017 financial highlights include: Net investment income of $6.9 million, or $0.34 per share Adjusted Net Investment Income... Read Story
November 08, 2017, 07:08 AM


FS Investments, an alternative investment manager and the largest manager of business development companies (BDCs), announced that its BDC direct lending platform committed more than $1.1 billion in senior secured loans and other debt and equity... Read Story
September 18, 2017, 07:29 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


FS Investments, a leading alternative investment manager, announced that its business development company (BDC) direct lending platform committed approximately $988 million in senior secured loans and other debt and equity financing to middle market... Read Story
December 02, 2016, 07:16 AM


Reuters Loan Pricing Corporation reports business development companies (BDCs), which extended share price gains this summer after a prolonged slump, still face hurdles that prime the specialized closed end investment funds for consolidation... Read Story
September 19, 2016, 08:05 AM


FS Investments, a leading alternative investment manager, announced that its business development company (BDC) direct lending platform committed over $830 million to middle-market companies in the second quarter of 2016, bringing its year-to-date... Read Story
August 24, 2016, 07:26 AM


U.S. Financial Bond issuance declined for all sectors except insurance in the first half of 2016, according to a new Fitch Ratings report. The first half of 2016 closed with net new issuance at $56 billion, annualizing to a 7% growth rate and 16%... Read Story
August 18, 2016, 07:14 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


Franklin Square Capital Partners announced that its BDC direct lending platform committed over $1.9 billion to private deals in the fourth quarter of 2015, and more than $5.6 billion for the full year 2015. New directly originated deals during the... Read Story
March 25, 2016, 07:53 AM


For the first time since the financial crisis, business development companies (BDCs) are facing a relatively significant near-term maturity wall, as $1.3 billion of convertible notes and other debt issued by Fitch-rated BDCs in 2011 and 2012 are... Read Story
October 19, 2015, 07:50 AM


Capital Southwest Corporation announced that it has formed a joint venture with Main Street Capital Corporation to form I-45 SLF LLC, a senior loan fund that will invest primarily in syndicated senior secured loans in the upper middle market. The... Read Story
September 11, 2015, 08:02 AM


Capitala Finance Corp.announced that it recently invested $8.0 million in senior subordinated debt to assist in the acquisition of VITAL Network Services, Inc. (“VITAL”) by Vology, Inc. (“Vology”). Headquartered in Tampa, Fla., Vology is a leading... Read Story
September 03, 2015, 07:50 AM


The removal of business development companies (BDCs) from the S&P and Russell indices will likely reduce the liquidity of their shares and increase their cost to raise equity in the near-term, according to Fitch. The removals involved 33 BDCs... Read Story
March 14, 2014, 07:43 AM


Main Street Capital Corporation has priced a public offering of $80.0 million in aggregate principal amount of 6.125% senior unsecured notes due 2023. The notes will mature on April 1, 2023, and may be redeemed in whole or in part at any time or from... Read Story
March 27, 2013, 07:37 AM