Fitch also believes that there could be some challenges with regard to back-office transition and portfolio management at FSIC
following the termination of the relationship with GSO in April 2018.
'Therefore, it is the BFP, not the accused, who is primarily responsible for the implementation of the FSIC
(fire safety inspection certificate) and has the obligation to inform the Local Government Unit officials of the compliance or any violation of the establishments,' the resolution noted.
Additionally, in January 2016 Franklin Square announced the launch of its newest BDC, FS Investment Corporation IV (FSIC
IV), expanding the scale of its direct lending platform.
Records showed CFI applied for a business permit that required, among others, a FSIC
from the BFP San Lazaro station in Manila.
But, the court threw the case out against the city officials, ruling that they were only complying with the city ordinance allowing the issuance of a business permit even without requiring the FSIC
Forman, Chairman and Chief Executive Officer of FSIC
. "By leveraging the capital base of the Franklin Square BDC platform and the resources and credit expertise of GSO / Blackstone, we continue to take advantage of investment opportunities and improve the liquidity of many of our existing portfolio companies."
Jesus Fernandez said they have invested on the new software as well as 14 computers so that the application, cashiering, and releasing of the FSIC
are all done via the computer.
In the first quarter of 2016, FSIC
's board of directors has declared a regular cash distribution for the first quarter of USD0.22275 per share, which will be paid on or about April 4, 2016, to stockholders of record as of the close of business on March 23, 2016.
Sans any list, businesses are already considered to have a valid FSIC
, which is the basis for the business permit.
PHILADELPHIA, PA: FS Investment Corporation (NYSE: FSIC
") announced today plans to release its first quarter results after the market close on Monday, May 9, 2016.
The prosecution belied the court's claim that Gatchalian and the two city hall officials could not be faulted for granting a business permit to Kentex because a city ordinance allows the grant of the business permit even without a Fire Safety Inspection Certificate (FSIC