Goldman Sachs BDC posts a relatively straightforward – almost dull – IQ 2022 performance. We also discuss the outlook for the rest of 2022 in light of changing rate and economic conditions.
The major indices slumped just before the close but the BDC sector stood steady. The BDC Reporter kept busy with the review of a new financing facility for a large cap BDC and further credit updates. Plus, we updated the BDC Fixed Income Table.
Goldman Sachs BDC had a third quarter balanced between good and bad news. The BDC Reporter weighs the information and comes away with a mostly positive conclusion.
The BDC Reporter annotates Goldman Sachs BDC’s IQ 2021 conference call transcript and reviews earnings, credit and what’s to happen to the distribution.
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.