Saratoga is an externally managed Business Development Company (BDC) investing in middle market companies with revenues of $8 million to $150 million and EBITDA of $2 million or greater, typically making investments of $5 million to $20 million.
Horizon is an externally managed Business Development Company (BDC) that makes secured loans to development-stage companies backed by venture capital and private equity firms within the technology, life science, healthcare information and services, and clean-tech industries.
In an 8-K on July 6, 2017 MVC Capital (MVC) confirmed the previously announced sale of its affiliate U.S. Gas and Electric (USGE) had been completed on July 5. Here are the details, our analysis of the likely impact of the USGE transaction on investment income and earnings over time; the BDC Reporter’s own mixed view of MVC’s prospects and a disclosure about our own exposure:
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