Dark Times Part III: Why Allied and ACAS Won't Go Private
We can guess why Blackstone won't go private (pride), but it can't be as simple for American Capital and Allied Capital Corp., both which are struggling to negotiate for waivers on their credit facilities, as they have violated the covenants. As reported earlier, questions about a change in strategy came up on each of the firms' earnings calls today, and the CEO of each responded with a "No, we will remain a BDC." I got a little more color on why neither of those firms would even get the chance to take themselves public.
2 March 2009•2 mins read
