The rising sun lights One World Trade in Manhattan on Nov. 2, 2016. REUTERS/Lucas Jackson
Higher leverage ratios could provide cushion for BDCs
Several BDC boards approved higher leverage limits
Market constraints against using higher leverage
Business development companies — engines of middle-market dealmaking — finally got Congress to approve higher leverage limits of 2:1, up from 1:1, capping a multiyear effort by the industry. Congress included the Small Business Credit Availability Act in an omnibus spending package ...