Andrew Hedlund
Business development companies are wondering what an administration that appears more familiar with their industry than its predecessors will bring.
Business development companies are wondering what an administration that appears more familiar with their industry than its predecessors will bring.
The alternative asset manager’s fund will invest in the debt and equity of financially troubled companies.
Goldman Sachs Middle Market Lending Corporation will invest in first lien and second lien debt, as well as unitranche, mezzanine and some equity.
The German firm has committed $1.5 billion to toll roads in the past year and a half.
The Boston-based firm scooped up a veteran mid-market lender with experience originating investments.
Both securities the companies plan to sell would be convertible to common stock.
Several alternative lenders have restructured oil and gas companies under Chapter 11 protection.
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The global telecommunications giant is looking to reach a consensual restructuring agreement with creditors.
The firm's special situations fund is seeking $500 million.