trending Market Intelligence /marketintelligence/en/news-insights/trending/fRhJj8sr79tAYR4vbVsrJA2 content esgSubNav
In This List

TCG BDC, NF Investment complete merger

Blog

Banking Essentials Newsletter: July Edition - Part 2

Blog

Anticipate the Unknown Go Beyond Fundamentals to Uncover Early Signs of Private Company Credit Deterioration

Blog

Taking Loss Given Default Estimation to the Next Level: An Aspiration for All Creditors, Not Just Banks

Blog

Anticipate the Unknown A Fundamentals Approach to Detect Early Signs of Private Company Credit Deterioration


TCG BDC, NF Investment complete merger

TCG BDC Inc. has completed its previously announced merger with fellow business development company NF Investment Corp.

All of NF Investment's common shares were converted into the right to receive a combination of cash and common shares of TCG BDC, as of the effective time of the merger.

NF Investment shareholders elected to receive an aggregate of 434,233 acquisition shares and about $145.6 million in cash. TCG BDC is funding the cash payment with cash on hand.

Both companies were managed by Carlyle GMS Investment Management LLC, a subsidiary of Carlyle Group LP.