Articles for Golub Capital BDC, Inc.

We de-construct as best we can a quarterly press release from Golub Capital about its recent activity.

Golub Capital continues a long standing tradition of disclosing its recent level of net investment activity. We use the opportunity to analyze what this might mean for the BDC, and the BDC sector more generally.

No great surprises from Golub Capital’s IIIQ 2022 conference call, but confirmation that earnings and distributions are headed higher to record levels.

We annotate Golub Capital BDC’s IIQ 2022 earnings conference call. The results for the period were stable and in-line with the sector. The next few quarters, though, could be very different…

We review Golub Capital’s regular quarterly update of investment activity for hints about broader BDC trends and what the implications might be for GBDC itself.

Inflation/interest rate worries caused all the major indices to pull back. This included the BDC sector, but only modestly. Two players published their results. Plus, we remind readers of the wealth of data on offer for those who like to do their homework where BDCs are concerned.

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.

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.