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.
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.
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.
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.
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.