The Great Equity Correction of 2015 that is now being enjoyed by all of us is a correction, and not the beginning, of the Great Bear Market of 2015 (from my lips to God’s ears). It reminds me of just how little we know about how all complex systems, like the global financial market (and don’t get me started on climate), function. Nonetheless, our Regulatory State behaves as if this was not true and as if wise governmental types can simply declaim new rules and regulations to get their very specifically-designed outcomes.
Continue Reading The Regulatory State: May We Have A Little Humility, Please?
September 2015
BDCs As Creditors of Distressed Companies: What You Need to Know
By Michael Sage & Crunched Credit on
An increase of defaults and rising debts have Business Development Companies (BDCs) concerned as the trend may lead to a number of distressed credits within their portfolios. Specialists from Dechert and Houlihan Lokey will address these concerns and potential solutions which matter to BDCs during a webinar taking place on Wednesday, September 9. The webinar will focus on structuring issues (e.g., portfolio eligibility, valuations, MIP implications, etc.), tax considerations (e.g., distribution requirements, qualifying or good income test, asset diversification, etc.) as well as bankruptcy and restructuring concerns.
Continue Reading BDCs As Creditors of Distressed Companies: What You Need to Know