The BDC Reporter annotates the Goldman Sachs BDC IIQ 2020 conference call transcript and gets drawn into the debate as to whether the BDC can sustain the current dividend.
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.
We republish an article from the BDC Credit Reporter about the seventh BDC-financed company to file for bankruptcy in June. Two public BDCs are affected and will be booking significant realized losses shortly.
“What goes up will come down” as BDC sector prices proved this week as volatility resumed. Also there were other notable developments including equity capital raised; a surprise dividend and important shareholder approvals. We also discuss the surprising change the size of the BDC sector is likely to take in the days and months ahead.
With BDC earnings season around the corner, the sector’s prices stabilized but individual BDCs remained highly volatile both up and down. The BDC Reporter discusses the upcoming earnings and portfolio releases and their importance in the short and longer term in what looks like a critical year in the history of the sector.
For the last time – given that BDC earnings season launches this week – the BDC Reporter updates its compendium of all BDC developments since the Covid-19 crisis began. Plenty of items to review, but less than we expected.
Goldman Sachs BDC has released its estimate of IQ 2020 balance sheet and earnings highlights. We annotate the entire press release; analyze what we’re told and point out what we’re not.
The BDC rally is placed on hold by increasing worries about a possible global pandemic. Meanwhile, the third week of BDC earnings season maintains the mostly favorable trends apparent in the prior two weeks.
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.
BDC sector prices break a 2019 record on the way up. We wonder, though, where’s the usual enthusiasm associated with stock rallies, which is not showing up in much of the data. What’s more, how do high prices mesh with growing credit concerns at borrowers ?
Goldman Sachs BDC plans to merge with its non-traded sister BDC. The BDC Reporter takes a quick and deep dive into the just released announcement and provides analysis about the key claims made by the BDCs shared external manager after reviewing all available materials.
In the second quarter of 2019 Goldman Sachs BDC performed relatively poorly as recurring earnings and book value both dropped, as did analyst future expectations.