BDC sector prices went nowhere, and volatility was low on Wednesday. However, the BDC Reporter found several news and credit stories to write about you probably won’t find covered anywhere else.
BDC investors are an indecisive bunch, pushing up prices sharply after last week’s decline. We discuss the principal winners on the day. Also on the docket: a new CFO for two BDCs and the post-facto capital structure at Great Elm Capital after a Baby Bond offering.
BDC fixed income prices were unaffected by the turmoil in the stock market this week. In fact, a new public Baby Bond was issued, part of a developing trend that is changing risk and return across the industry.
After months of seemingly uninterrupted higher prices, the BDC sector – and virtually all of its constituent players – headed lower. We review the metrics, put the move in perspective and peer into a suddenly uncertain future.
BDC common stock prices drop sharply, and almost across the board. Still, a BDC launches a new Baby Bond and repays an existing issue. We review the implications for both shareholders and debt holders.
This was a historic day as two huge BDCs merged. We review some of the implications for the sector and the shareholders involved. Overall BDC stock prices returned to their winning ways after a one day hiatus.
BDC sector prices dropped moderately on Tuesday, but remain close to their 52 week high. Also, a small BDC returns to the public unsecured debt market while another undertakes a recapitalization of a successful portfolio company.
Main Street Capital provides some basic information about a new transaction with a portfolio company. The BDC Reporter fills in many of the blanks of what seems like a very successful and long standing investment.
BDC fixed income prices barely moved this week and there was no news about any public issuer, but we still needed to amend our list of Baby Bonds likely to be redeemed. We explain why.
The BDC Reporter highlights another record week for BDC prices and speculates about what might happen to earnings and net assets in the second quarter of 2021.
While BDC common stocks marched on, fixed income prices stayed stable. However, there were a couple of price moves that deserve mention in a week with no other developments.
BDC stock prices continue their phenomenal upward run. We dig into the data for the week and year and the different segments involved, not all of which are moving at the same pace.
BDC stock prices climb for the seventh day in a row to new record highs. Meanwhile two large cap BDCS issue a huge amount of unsecured debt at the same rock bottom yield. Plus, some unusual bad news where credit is concerned…
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