In the span of a few weeks, BDC sector prices have gone from sleepy to rally. We discuss the possible reasons why and offer our own view as to whether this is merited based on the BDC Reporter’s proprietary research.
We discuss a record-breaking week for BDC Fixed Income and the continuing shift in who’s financing the BDC unsecured debt pile.
Second quarter 2019 BDC quarterly results summarized for Apollo Investment, which were mixed. Third in a new series.
Price changes in the BDC Fixed Income sector were consistent with expectations and prior periods. However, there was one unexpected development at the end of the week that might portend a major change in the size of the BDC publicly traded unsecured debt sector.
We annotate Apollo Invèstment’s first quarter 2019 Conference Call transcript, with a multitude of comments.
Apollo Investment ramps up the size of its Revolver to take full advantage of the Small Business Credit Availability Act. Higher profits ahead or will legacy issues block the way ?
The BDC Reporter discusses highlights from Apollo Investment’s latest reporting.
S&P downgrades two BDCs and gets kicked to the curb. We revisit the changing risk profile of the BDC sector through the prism of yet another fund that has adopted the new higher leverage rules. Worrying but important reading.