To accompany the BDC Credit Table, the BDC Reporter is adding analysis and commentary about each BDC’s latest credit picture as quarterly results come in. We start with Ares Capital and Oxford Square.
Now Ares Capital has reported IQ 2022 results, the BDC Reporter reviews the highlights against our earlier assumptions and find few surprises. Except that (8%) drop in the stock price in the hours following the release…
The BDC Reporter has reviewed all the available information about Ares Capital to prepare a preview of what we might expect to learn when the market leader reports IQ 2022 results next week. This might be a boom or bust year for the BDC sector so a deep dive seems appropriate.
A long troubled Ares Capital portfolio company reaches a resolution. Based on a BDC Credit Reporter update, we assess the impact on the BDC.
The major indices dropped again. This time the BDC sector followed, but remains close to its highest levels. Outside of Main Street’s IVQ 2021 update – covered in a separate article – there were two credit developments worth knowing about.
BDC sector prices increased even as most of the major indices faltered. Also, we highlight some interesting conversations and data generated by Saratoga; note Ares Capital’s latest trip to the capital markets and Capital Southwest’s most recent portfolio investment in what was a busy day.
The major indices were all up in price on Thursday. So was the BDC sector, ending up just below record levels. Plus, two new BDCs reported earnings, another raised 10 year unsecured debt and another for 5 years while a third player quietly launched a new joint venture. Busy days.
For a second day in a row, the BDC sector failed to follow the major indices upward. Also, BDC earnings season begins with high expectations and three BDCs do not disappoint. There’s other news besides on a busy day for BDCs.
Most indices – and the BDC sector – moved up marginally in price on Monday. Elsewhere, a BDC tried and failed – again – to buy back its expensive debt. Also, we share two new troubled companies written about in the BDC Credit Reporter.