A BDC-financed company will shortly file for bankruptcy. We place this credit setback in perspective for 2023 and within the context of the broader markets.
We use the opportunity of two recent BDC announcements to analyze what might be coming in 2023 and beyond in terms of the form and level of payouts to BDC shareholders. How this plays out could impact BDC stock prices and shareholder returns for years.
As recently promised, SLR Investment is setting up a joint venture with a financial partner to invest in loans. We review what details are, and are not, available.
The external manager of a leading BDC is taking on two minority partners. We speculate what this might mean for the BDC’s shareholders now or later.
We re-publish an article from the BDC Credit Reporter about the sorry state of a BDC portfolio company held by half a dozen players.
We re-publish an article from the BDC Credit Reporter about a non performing portfolio company of both Ares Capital and SLR Investment. We focus mostly on the possible impact of the company’s valuation on SLR Investment, which has not yet reported IIQ 2022 results.
The BDC Reporter previews an important IIQ 2022 earnings release for a newly enlarged SLR Investment, discussing all the key moving parts involved.
SLR Investment Corp – days after acquiring its sister BDC – has announced a distribution for April. We use the opportunity to discuss whether the BDC can “cover” its payout going forward and how the stock has performed in recent years and might perform in the future.
SLR Investment Corp will be swallowing up sister SLR Senior Investment Corp in a few days after receiving shareholder permissions all around. We discuss what to expect from the new super-sized BDC.
Yet another BDC taps the unsecured debt market at a favorable rate. We review the latest development and analyze the impact on SLR Investment Corp’s borrowing costs.
All the markets dropped sharply on Wednesday, including the BDC sector. There was also plenty of news including a departing director; a new portfolio company and an unchanged distribution, not to mention Saratoga’s latest results.
SLR Investment Corp amends one of its revolvers, slightly reducing its borrowing cost. However, further savings of a more substantial nature are in the cards for 2022.
All the major indices and the BDC sector dropped in unison on Monday, but remain close to their respective highs. Plus, a large cap BDC adds a new lender.
All the markets, including the BDC sector, bounced back after two days of red ink. In the news, we discuss two BDCs dividend announcements and continue to review the merger of the two SLR BDCs.
Another bad day for the major indices and the BDC sector where prices are concerned. Also, after the close we hear of the planned merger of two existing public players.
