BDC sector prices break out to a new 52 week high as a rally gains steam. Plus, two BDCs announce distributions and two others divulge new investments and a troubled company gets acquired.
Both the major indices and the BDC sector disappointed on Monday. However, there was plenty of news including two BDCs reporting activity levels, a closed half billion dollar unsecured note offering and two credit updates.
The BDC Reporter has much to say about Golub Capital’s full year and IIIQ 2021 earnings conference call.
After a big drop on Covid variant worries on Friday, Monday saw the major indices – and the BDC sector – regain some lost ground. Also, yet another public Baby bond gets (partly) redeemed; a venture debt player breaks a record and a large cap BDC reports results.
The broader indices – and the BDC sector – turned positive on Wednesday. We review the highlights. Also discussed: an analyst call on a popular BDC and at a small player insiders register their shares for a potential public sale.
BDC prices slumped slightly on the day. BDC earnings season began with one disappointing result and one as expected. Also, we were surprised by a very inexpensive unsecured debt offering by a well regarded BDC.
Over the past two days BDC sector prices have dropped, but not very far. Also one BDC has reported earnings and two others provided previews of second quarter activity.
The BDC Reporter has several breaking BDC-related news stories to discuss in our daily summary, plus two important credit developments.
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 previews at the market open what we’re working on for Monday April 5, 2021.
A portfolio company of Apollo Investment has filed for Chapter 11. We re-publish an article from the BDC Credit Reporter and review the impact on the BDC.
Golub Capital announces a new secured loan facility. Nonetheless, the BDC Reporter has questions about the BDC’s overall financing structure.
Golub Capital reports IVQ 2020 results very much in line with its own preliminary metrics. The BDC Reporter, though, has questions about liquidity and the dividend outlook.
We re-publish an article from the BDC Credit Reporter about the restructuring and realized loss of a Golub Capital portfolio company.
Golub Capital’s fiscal fourth quarter results live up to the BDC’s reputation for reliability, which was briefly lost earlier in the year. Still, the BDC still has a major challenge ahead…
