The business development company’s assets by fair value have grown to $1.146 billion, up 39 percent year-on-year.
2 min read · 10 November 2015
Analysts rate the proposed BDC spin-out overweight, saying they see the potential restructuring unlocking significant shareholder value.
2 min read · 09 November 2015
Management of the Apollo Investment Corporation has so far bought back $21.2 million of shares through its $50 million stock repurchase programme, at a time when the BDC has been posting losses on the back of struggling oil & gas investments.
2 min read · 09 November 2015
Ares Capital Corporation and American Capital both announced share repurchase programmes this week in an attempt to bolster stock prices which are trading at discounts to NAV.
2 min read · 29 September 2015
Conergy’s original credit facility was arranged last year by Deutsche Bank with $60m in funding from Tennenbaum Capital Partners.
2 min read · 17 September 2015
The board of TICC Capital Corp has rejected a rival bid for control of the firm from TPG Specialty Lending. The BDC’s board is still recommending the switch from its own underperforming investment advisor to Benefit Street Partners, which was announced last month.
3 min read · 16 September 2015
The FSIC IV vehicle plans to offer 250 million shares at $10.60 per share to raise up to $2.65 billion.
2 min read · 16 September 2015
The firm reported strong second quarter earnings with net investment income per share more than covering the firm’s 35 cent per share dividend.
3 min read · 11 August 2015
The US lender’s business development company has been doing most of its deals with repeat sponsors and borrowers via unitranche loan deals.
2 min read · 10 August 2015
The US lender’s business development company put 85 percent of the new deals into one-stop loans.
1 min read · 13 July 2015
