Business Development Companies are publicly traded funds of high-yield debt in $5M-100M+ Ebitda businesses in a variety of sectors. Their debt is often floating rate (benchmark + spread) and they are required to distribute their income to shareholders.
Does anyone have an opinion on specific names to look at further?
For what it’s worth, the BDC Reporter is feeling the first chills of winter for a Business Development Company market that has been enjoying unseasonably good weather most every day in the past year. In the past few days we’ve noticed a modest-but broad based-weakening trend in Baby Bond prices. The picture in BDC common stocks has been more mixed. Still, the number of BDCs with a stock price over their 50 Day Moving Average has moved down.
Submitted March 19, 2017 at 11:46AM by tef11 http://ift.tt/2mXyaFJ
