On March 23, 2018, Congress passed long-sought legislation, the Small Business Credit Availability Act, as part of its omnibus spending bill. The Small Business Credit Availability Act includes various changes to regulations under the federal securities laws that impact Business Development Companies (BDCs).
This Bottom Line videocast discusses the impacts to See more +
On March 23, 2018, Congress passed long-sought legislation, the Small Business Credit Availability Act, as part of its omnibus spending bill. The Small Business Credit Availability Act includes various changes to regulations under the federal securities laws that impact Business Development Companies (BDCs).
This Bottom Line videocast discusses the impacts to include:
BDC-related provisions that could improve access to capital for US businesses;
Provisions that will permit BDCs to use more leverage in their investment operations by increasing the allowable debt-to-equity ratio from 1:1 to 2:1; and
Aligning BDC communication and offering rules with the more liberalized rules available to operating companies. See less -