The BDC Reporter contends with an avalanche of BDC earnings reports, but notes very few setbacks. Market prices revive on the general optimism.
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.
At the beginning of the first week of BDC earnings season, there are several interesting news items, including two proxies worth exploring.
There are 4 news item on the agenda from the BDC sector on Thursday April 15, 2021 and the completion of a two part credit review of the largest BDC player.
The BDC market hits new highs and two BDCs have routine developments that we briefly review.
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.
The BDC Reporter offers up a long list of BDC developments in the past 24 hours, all annotated. We also discuss the new BDC sector price record.
The BDC Reporter previews at the market open what we’re working on for Tuesday March 30, 2021.
Prospect Capital has issued new unsecured debt that will materially impact its balance sheet and earnings. We discuss the details but also place this development in the broader context of what we’re calling the Great Refinancing.
As expected, S&P has granted Prospect Capital’s new Perpetual Preferred offering a BB rating. The BDC Reporter digs into the Prospectus to discuss the implications for all stakeholders of the controversial BDC.
Prospect Capital is busy again re-organizing its balance sheet. This time, the BDC seeks to buyback its 2022 Convertible debt. We take a first look and are left unsure as to management’s motivation.
The penultimate BDC to report IIQ 2020 results is Prospect Capital. Here is the BDC Reporter’s First Look.
Prospect Capital – always marching to its own drummer – is launching the first Perpetual Preferred in the BDC sector. Here are the BDC Reporter’s first thoughts on this important, potential market moving development, drawn from the BDC News Feed.
We introduce a new regular feature: a comprehensive review of every BDC development during the week just ended, each annotated by the BDC Reporter.
