BDC prices have started the new week with a strong showing. In the news, a preferred offering and credit developments at several BDC portfolio companies worth knowing about. Some good news and some terrible.
This was a historic day as two huge BDCs merged. We review some of the implications for the sector and the shareholders involved. Overall BDC stock prices returned to their winning ways after a one day hiatus.
BDC fixed income prices barely moved this week and there was no news about any public issuer, but we still needed to amend our list of Baby Bonds likely to be redeemed. We explain why.
While BDC common stocks marched on, fixed income prices stayed stable. However, there were a couple of price moves that deserve mention in a week with no other developments.
Not much changed in BDC Fixed Income prices during the week, but there were a series of comings and goings that continues to reshape the sector. Watch out ! There’s more to come.
BDC stock prices resumed their ascent after a one day pause. We highlight interesting information in Capital Southwest’s conference call and provide details about Ares Capital’s latest debt offering and some other minor items.
There were many developments in the BDC Fixed Income sector during the week that changed the landscape and outlook.
The BDC sector is getting busy with earnings releases, amended financing arrangements and credit developments. Most of the day’s update is devoted to what we’ve learned – or otherwise – from Capitala Finance’s earnings and conference call.
BDC fixed income prices remained essentially unchanged but there were several notable news developments in the sector during the week.
After a day away, we publish two days worth of annotated BDC news coming from some of the sector’s most recognizable names.