EXCLUSIVE: BDCs Face ‘Double Whammy’ As PIK Loans Rise And Spreads Compress, Oxane Managing Director Says
BDCs are facing pressure as payment-in-kind loans rise and lending spreads compress, Oxane Partners Managing Director Kanav Kalia said.
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Why It Matters
BDCs are dealing with two problems at once right now. They are making loans that pay interest later, and they are earning less money on new loans.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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