Prospect Capital has slashed its distribution and changed its strategy going forward. We take a hard look at this shocking news.
We re-publishing an article from the BDC Credit Reporter about developments at an under-performing logistics company whose debt is held by 6 public BDCs from our coverage universe.
Prospect Capital has been around for 20 years and is celebrating itself in a press release. We have a look at how shareholders have fared over multiple periods.
Something unusual happened on Prospect Capital’s latest earnings conference call: some very bad tempered responses by the CEO to an analyst’s questions, adding to the controversy that swirls around this BDC.
As Prospect Capital’s financial performance weakens, its Chairman’s share ownership increases. We have a view on this.
At the end of last week, Prospect Capital announced in a regulatory filing an important switch in accounting firms.
The BDC Reporter tackles a difficult and sensitive subject where Prospect Capital is concerned: the viability of its portfolio investment valuations.
A portfolio company of Prospect Capital is in serious trouble. The BDC faces a significant loss of both value and income.
We describe how Prospect Capital reached a record low price on May 2 and speculate as to the reasons why. This previously popular BDC has fallen drastically out of favor.
We assess the likely realized losses to be booked by two BDCs in the wake of a debt-to-equity restructuring of an engineering company.
We annotate Prospect Capital’s IIQ 2022 earnings conference call transcript and find ourselves needing to butt in regularly to set the record straight or to provide more context than management of the BDC discloses.
All the indices were in the black and were joined by the BDC sector, which continues to trade towards a record level. Two very different BDCs reported results and a conference call was held. All in all, BDC earnings season grinds on with very little in the way of unpleasant surprises.
For a second day, the markets were all over the place but the BDC sector moved up in price. We discuss how BDCs have performed so far in this mini-crisis. Otherwise, we learn more about a new portfolio company at Horizon Capital and a troubled borrower causing worries for two public BDCs.
In December, BDC Fixed Income prices rose even as the number of public issues dropped. We review the latest data and how this segment of the debt market has evolved since 2012 and what is likely to lie ahead.
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.
