Business development companies (BDCs) finally got some relief in 2Q16 as many of their stocks rallied and some managers were able to shore up liquidity through equity raises. Still, BDC managers continue to cut dividends, as competition for middle market lending from private direct lending funds and private BDCs intensifies.
Sam Tillinghast, co-CEO and co-Chief Investment Officer for THLCredit and THL Credit’s direct lending platform, discusses issues facing BDCs on the Middle Market Junction Podcast with Bill Weisbrod, Debtwire Middle Market’s primary loans reporter.
Later in the hour, the Junction takes a closer look at the bankruptcies of Golfsmith International, Delivery Agent and recent chapter 7 liquidation petitions of ITT Educational Services with Debtwire court reporter Pat Holohan.
CLICK HERE to listen to the podcast.