Fitch Notes ‘At The Market’ Risks for BDCs

Business development corporations are testing the waters with "at the market" programs to sell relatively small numbers of shares to fund loans to middle-market businesses. But the ease and efficiency of raising capital through ATMs - vs. traditional offerings on Wall Street - could lead to riskier lending decisions by BDCs, warns Fitch Ratings.

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Las Vegas Sands Amends $4B Singapore Loan

– Las Vegas Sands announced today it has amended and extended the credit facility for its Singapore-based casino, Marina Bay Sands. Terms of the deal were not disclosed.

European Leveraged Loan Issuance at YTD Record: Dealogic

– Issuance of European syndicated corporate leveraged loans stands at record $53.7 billion for the year to date, according to Dealogic.

Capital Automotive Plans $400M Debt Financing

– Capital Automotive LLC plans to raise $400 million in debt to help finance its proposed acquisition by Brookfield Property Partners, according to ratings agency reports.

HY Funds Continue Positive Net Flow Trends

– High yield bond funds saw another week of positive flows, continuing the rebound after the month-long selloff over July and August.

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