Workout: First Brands complexity

On today’s show we welcome special guest, Palmer Square Capital BDC’s President Matt Bloomfield. Palmer Square Capital BDC primarily invests in corporate debt securities across private companies in the U.S. through broadly-syndicated loans and large cap direct lending. On the show, we discuss:

• Their investment focus on broadly syndicated loans and how that differs from most BDCs
• Recent headlines that have caused some negative sentiment in the credit market and BDC NAV discounts
• First Brands and the path forward when a loan gets restructured
• Lifescan and what happens when a distressed loan recovers
• And more!