The triparty transaction would allow Barings to construct a senior debt-focused portfolio ‘from scratch’.
3 min read · 04 April 2018
The two companies are among the first managers to take action on the new statute, which raises the allowed debt-to-equity ratio from 1:1 to 2:1.
3 min read · 02 April 2018
The new arrangement is all but complete, with the shareholders of all requisite BDCs signing off on the marriage. An upside in their stock price, however, has been outweighed by other factors.
7 min read · 30 March 2018
Will BDC investors remain on safe ground or will they be imperilled by new regulations around the use of leverage?
2 min read · 29 March 2018
The new law doubles the amount of leverage BDCs can use.
2 min read · 26 March 2018
Bain has agreed to commit up to $425m to the vehicle, which can underwrite loans of up to $350m.
2 min read · 20 March 2018
The New York-based BDC’s stock price hit its lowest levels as the alternative lender said it will focus on, among other things, lowering its statutory leverage levels.
3 min read · 15 March 2018
The firm posted a net investment income for the year of $1.08 per share, falling just short of the $1.12 in dividends it paid out last year.
2 min read · 12 March 2018
The publicly traded BDC said historic investments in junior debt and non-sponsored companies and a highly concentrated portfolio have caused the firm’s shares to trade at a discount to book.
3 min read · 08 March 2018
In an analyst question-and-answer session, the BDC’s unrealised/realised losses and dividend coverage overshadowed a shareholder vote on the joint venture with FS Investments later this month.
3 min read · 07 March 2018
