Ironsides Partners has filed definitive proxy materials with the SEC requesting the election of new board members to the Fifth Street Senior Floating Rate Corp (FSFR) BDC and demanding that the investment manager be replaced.
2 min read · 15 March 2016
Impact investor TriLinc hires investment manager adviser Alsis for a credit push into Mexico and Latin America.
2 min read · 15 March 2016
The transaction involving The Fresh Market will be financed by $800m of new senior secured notes and $525m of equity from Apollo and the rollover of the owners’ stake.
2 min read · 15 March 2016
The US SEC has filed a complaint last week alleging that the Oregon-based private credit firm and three top executive were hiding Aequitas’s rapidly deteriorating financial condition.
3 min read · 15 March 2016
GE Capital is selling its commercial lending and leasing business in India to AION Capital Partners and a team of former GE executives.
2 min read · 15 March 2016
Canada Pension Plan Investment Board and Kotak will pour $525m into Indian stressed debt. The investments will be under a separate flexible mandate from Kotak’s existing distressed asset investment unit, Phoenix ARC.
2 min read · 15 March 2016
Commercial banks’ bad loans hit 1.27 trillion yuan ($194 billion, €174 billion) in December last year, the highest level since June 2006, according to China Banking Regulatory Commission. And that figure has been climbing for the past three years.
2 min read · 14 March 2016
Banks will hold around 71 percent of Huarong Energy’s outstanding shares after the debt-for-equity swap, according to a report by Macquarie.
2 min read · 14 March 2016
The BDC’s management also defended its decision to keep the current investment advisor intact, despite the underperforming vehicle being the subject of several takeover bids.
2 min read · 14 March 2016
It has its critics, but that hasn’t stopped the instrument from becoming increasingly important in the European mid-market. If that popularity is to grow, unitranche lenders will again have to consider cutting pricing.
3 min read · 11 March 2016
