Harvest Capital Credit Corporation Prices a Note Issue – Updated

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Harvest Capital Credit Corporation (a BDC) (ticker:HCAP) has priced a note issue with a 7% coupon.

Remember that debt of BDC’s requires that the company maintain a asset coverage ratio of 200% on their debt.  This gives an added level of safety to the offering.

This issue matures in 2020 so it is a relatively short duration.


While we have not yet reviewed the financials and the portfolio of HCAP we will be doing so as we have an interest in a potential purchase of this issue.

Details of the issue are here.

Note that this is a debt issue and likely will not trade OTC prior to NASDAQ trading.

Thanks to Larry for the heads up on this issue.

We have purchased a position today–it is trading under the HCAPL symbol


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Tim McPartland
Tim McPartland is a private investor with over 45 years of investing experience. His analysis, research and writing is devoted to the hunt for income producing securities of all types, but in particular specializing in preferred stocks, exchange traded debt and Master Limited Partnerships.
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