First few days of 2020 for the BDC sector, whose rally seems to be in neutral. Most of the news developments in the period were on the credit front.
We annotate Apollo Investment’s conference call transcript for the third quarter 2019 and tackle some thorny items as even handedly as we know how. As always, our annotations are in bolded italics between the text of the transcript.
We review two Apollo Investment portfolio companies that have filed for bankruptcy and use the opportunity to discuss what we’ve learned about the BDC’s credit underwriting capabilities at this stage.
The BDC Reporter summarizes everything you need to know about Apollo Investment’s third quarter results. Like in the prior period, the BDC’s performance has been a mix of sweet and sour.
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.