trending Market Intelligence /marketintelligence/en/news-insights/trending/jD3vHi2CGhR1NFYSqyPMdw2 content esgSubNav
In This List

Business Development Corp. of America amends tender offer

Blog

Banking Essentials Newsletter: July Edition - Part 3

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


Business Development Corp. of America amends tender offer

Business Development Corp. of America has adjusted its plan to purchase common shares as part of a tender offer.

According to a filing, the company will now purchase no fewer than 3,300,000 shares and up to about 3,600,000 common shares at $8.52 per share. The company originally said it would buy up to 9,010,785 of its common shares.

The tender will expire at 11:59 p.m. ET on July 6, unless extended. The offer aims to provide stockholders with some liquidity because there is no public market for the company's common stock.