HRZN - BDC Weekly Review: The Puzzle Of Secured Note Issuance
2024-07-05 23:53:42 ET
Summary
- We take a look at the action in business development companies through the last week of June and highlight some of the key themes we are watching.
- BDCs were slightly up on the week but flat over the month of June, with TPVG and OBDE underperforming.
- Horizon Tech Finance Corp closed a $100m senior secured credit facility to allow it to issue secured notes.
- Apollo loan CEFs AIF and AFT shareholders approved a merger with BDC MFIC, while GECC sold 1m shares at NAV to Prosper Peak Holdings.
Welcome to another installment of our BDC Market Weekly Review, where we discuss market activity in the Business Development Company ("BDC") sector from both the bottom-up - highlighting individual news and events - as well as the top-down - providing an overview of the broader market....
BDC Weekly Review: The Puzzle Of Secured Note Issuance