For a second quarter in a row Oaktree Specialty Lending outperforms by most metrics. We count the ways but also point out potential weaknesses in a much improved BDC that’s about to get bigger by swallowing up its sister fund.
The two public BDCs managed by Oaktree Capital are going to merge in a transaction that will be favorable to Oaktree and – to a lesser degree – to the two sets of shareholders involved.
Oaktree Specialty Lending was one of the surprise stories of the IIQ 2020 results season. The BDC Reporter annotates the BDC’s conference call transcript.
Several public and private BDCs with over $100mn in exposure are benefiting from an upgrade to a portfolio company. We discuss the details and make an observation about what’s happening in the bankruptcy arena.
Late in the second quarter of BDC earnings season, Oaktree Specialty Lending surprised the BDC Reporter, resulting in a key re-rating of the BDC’s outlook for the future.
The famous restaurant chain is the ninth BDC-financed company to file for bankruptcy in July and there are multiple BDCs involved in both the first and second lien debt. Re-published from the BDC Credit Reporter.
An Oaktree Specialty Lending-financed company files for bankruptcy protection. We re-publish a BDC Credit Reporter article on the subject while placing the investment in the broader context of the BDC’s investment strategy. Update: Added Oaktree Strategic Income as a BDC-lender as well.
We republish an article from the BDC Credit Reporter about the downgrade by our sister publication of a Oaktree Specialty Lending portolio company.
The BDC Reporter updates BDC Fixed Income prices after a week of huge – and uncharacteristic moves. We also look ahead to a week where more of the same seems to be in the cards.
BDC Fixed Income prices didn’t move much in the week, but there are two huge trends underway in the sector that could change everything…
The BDC Reporter re-publishes an article from Leveraged Commentary & Data about third quarter 2019 trends and uses the opportunity to discuss some of the fundamental changes going on before our eyes in how the sector does business.
First few days of 2020 for the BDC sector, whose rally seems to be in neutral. Most of the news developments in the period were on the credit front.
The late-in-the-year BDC sector rally continues judging by most of the numbers, but the BDC Reporter remains skeptical of investor enthusiasm. Unavoidably with only two weeks to go, we begin to look ahead to price, dividend and leverage levels in the year ahead.
We review price developments and new issuance in the BDC Fixed Income segment for the week ended October 25, 2019.