The BDC Reporter has much to say in our annotations of Oaktree Strategic Income’s IIQ 2020 conference call transcript.
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.
Oaktree Strategic Income’s Net Asset Value Per Share increased sharply in the second quarter. The rest of the numbers we use to evaluate the BDC ? Not so much.
Oaktree Strategic Income arrives at a temporary understanding with one of its secured lenders. The BDC Reporter, though, details what could go wrong and what the fallout might be if things don’t go as planned for the BDC.
An Oaktree Specialty Lending-financed company files for bankruptcy protection. We re-publish a BDC Credit Reporter article on the subject while placing the investment in the broader context of the BDC’s investment strategy. Update: Added Oaktree Strategic Income as a BDC-lender as well.
The BDC sector reaches new lows not seen in over ten years but bounces part of the way back. Is the worse over ? The BDC Reporter argues that we’ve only just begun, and explains why.
After the worst week for BDC prices in nearly ten years, the BDC Reporter summarizes what happened and what might be coming next. Not for the faint of heart but necessary reading.
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.
A major realized loss for Ares Capital and – to a much lesser degree – for three other BDCs – discussed.
A change at the helm of two Oaktree-managed BDCs with the departure of CEO Edgar Lee. We discuss the legacy of the last two years and the challenges facing Oaktree Strategic Income. This is Part I. In Part II, we’ll undertake a similar exercise for Oaktree Specialty Lending.
We share highlights from the BDC Credit Reporter’s compilation for the week of developments amongst under-performing portfolio companies, naming the BDCs and the amounts involved.
A BDC portfolio company receives an injection of new capital, which should accelerate growth plans.
A famous discount retailer gets restructured and three BDCs with more than $50mn of exposure are involved. We re-publish our post from the BDC Reporter and discuss both the credit issues and the valuations involved.
Here are some of the latest developments amongst under-performing BDC companies since our last report filed April 22, 2019
