Main Street Capital Corporation (NYSE: MAIN) (“Main Street”) exited two portfolio investments in their entirety, Compact Power Equipment, Inc and Indianapolis Aviation Partners, LLC.
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Topics: Loans, Middle Market, BDC, business development company, Main Street, Equity
The trailing 12-month (TTM) retail institutional leveraged loan default rate climbed above 5% in July from 2.8% at end-June, according to Fitch Ratings. This year five retailers, including True Religion Apparel and J.Crew Group this month, have defaulted on $3.8 billion of loans. The retail sector loan default rate is now well above the non-recessionary average of 1.4%.
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Topics: Loans, Loan Default Rate
July 20th, 2017 - KCAP Financial and Freedom 3 Opportunities LLC (a subsidiary of Freedom 3 Capital LLC) embarked on an enterprise to form the new company "KCAP Freedom 3 LLC".
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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.
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Topics: Loans, Middle Market, BDC, business development company, Saratoga
MVC Capital is an externally-managed Business Development Company (BDC) that trades on the New York Stock Exchange (NYSE) under the symbol “MVC”. The Company seeks to build shareholder value by making yielding, equity and other investments in middle-market companies across various industries, with flexibility to invest across the entire capital structure. MVC has released the following updates to their portfolio:
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Topics: Loans, Middle Market, BDC
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