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Market Stats BDCs at Yahoo BDCs at CNN BDCs at Excite MarketWatch BDCs at MSN BDCs at WSJ Prior Updates May Apr Mar Feb Jan Factoids May Apr Mar Feb Jan |
Prospect Announces 21% IRR Realization on Charlevoix Investment MarketWire 6-07 PSEC announced today that Prospect has closed a $200 million three-year revolving credit facility (the "Facility") with Rabobank Nederland as administrative agent and sole lead arranger. This Facility is being used to refinance Prospect's $50 million credit facility and, together with Prospect's equity capital, to make additional long-term investments. Interest on borrowings. "Increasing our access to credit by 300% is a significant milestone for our company," said John Barry, Chairman and Chief Executive Officer of Prospect. "In addition, we have significantly lowered the cost of our credit while extending the term from one year to three years, enhancing our access to capital and overall financial flexibility. With the robust investment pipeline we currently have, we believe we will be drawing on this expanded line in the not-too-distant future." Separately, Prospect announced today that Charlevoix Energy LLC and affiliates (collectively, "Charlevoix") have repaid the unamortized portion of Charlevoix's term loan with Prospect. With the $352 thousand prepayment premium from the loan, Prospect has realized a 21% internal rate of return on the Charlevoix investment, representing 1.2 times cash on cash. Prospect continues to hold a net profit interest in Charlevoix. On 6-14 PSEC declared a quarterly dividend of $0.39/share [no change from prior quarter] payable on June 29, 2007, to shareholders of record as of June 22, 2007. The ex-dividend date is June 20, 2007. On 6-14 NGPC declared a quarterly dividend to shareholders in the amount of $0.31/share payable on July 13, 2007 to shareholders of record on June 29, 2007. The ex-dividend date is June 27, 2007. On 6-12 ACAS announced today it plans to make a public offering of 17 million shares of its common stock, 5 million shares. On 6-08 AINV declared its first fiscal quarter 2008 dividend of $0.51 per share, payable on June 28, 2007 to shareholders of record as of June 21, 2007. The ex-dividend date is June 19, 2007. On 6-05 CSE declared a regular quarterly dividend of $0.60 per share. This dividend represents a 3.4% increase from the regular quarterly dividend paid during the previous quarter. The dividend is payable on June 29, 2007 to holders of record on June 15, 2007. On 6-07 Ferris Baker Watts Initiated coverage of MIC at Buy. On 6-21 Ferris Baker Watts downgraded GOOD. On 5-21 Friedman Billings Downgraded CSE from Outperform to Market Perform. On 5-03 HTGC declared a first quarter dividend of $0.30 per share. The dividend will be payable on June 18, 2007 to shareholders of record as of May 16, 2007. On 5-09 TAXI declared a dividend of $0.19 per share on its common stock for the 2007 first quarter, an increase of 19% from $0.16 a year ago. The dividend is payable on June 1, 2007 to shareholders of record on May 18, 2007. ACAS declared a dividend of $0.91 per share to record holders as of June 11, 2007, payable on July 2, 2007. The estimated remaining 2007 dividends per share are $0.92 and $0.96 per share for the third and fourth quarters of 2007. NOTE #1: This page is ment to be a supplement for those already getting monthly sector updates from another source. Data entry errors sporadically happen. There are other metrics not covered here that should not be ignored. |