ARC’s Business Development Corporation of America II Breaks Escrow, Commences Operations

Business Development Corporation of America II, a publicly registered, non-traded business development company sponsored by AR Capital, received subscriptions in its initial public offering of shares of its common stock of at least $2.0 million, thereby meeting its minimum offering requirement and admitting its initial public investors as stockholders. The company intends to accept subscriptions on a continuous basis and issue shares of common stock following its weekly closings.

Business Development Corporation of America II’s investment objective is to generate both current income and to a lesser extent long-term capital appreciation predominately through investments in first lien, floating rate loans and, to a lesser extent, second lien, floating rate loans of U.S. companies that are syndicated and have a secondary trading market. 

BDCA II follows on the heels of its predecessor, Business Development Company of America. Launched in 2011, the original BDCA raised $1.9 billion of investor equity.