We summarize New Mountain’s latest conference call and re-visit why the BDC has lost its popularity with investors and what management is doing to revive its popularity.
New Mountain Finance’s stock price has been weaker all year than its peers. In this article we look at the possible reasons why and what might be the catalysts for a positive change.
We review the IIIQ 2024 performance of 4 more BDCs that reported their results in the first week of earnings season.
One BDC has reached a new 52 week price and two at a new 52-week low.
Five different BDCs are tapping the markets for unsecured, medium term debt – each in a different way. We review the details and explain why this is important.
Bain Capital Specialty Finance books a major – although not unexpected – realized loss in the IIIQ 2023. We discuss the impact and which other BDCs are involved in this notable credit setback.
New Mountain Finance is issuing a convertible to tender for a less expensive existing convertible. This is just part of many financing needs facing the BDC in the next 36 months.
New Mountain Finance is giving an early look at two key IIIQ 2022 metrics.
Encouragingly for many BDCs the market for raising unsecured debt from institutional investors has re-opened of late. We review New Mountain Finance’s recent note issuance, but explain that this is a marathon not a sprint.
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.
The BDC sector reached yet another price record – the tenth in a row – on a day where one BDC left the scene and another succeeded in reducing its costs once again.
Plenty of BDC news items large and small to review and a new price record to note, as BDC earnings season gets going.
The BDC Reporter previews shortly after the market open what we’re working on for April 1, 2021.
The BDC Reporter previews at the market open what we’re working on for Monday March 29, 2021.
New Mountain Finance announces an extension of its share repurchase program. The BDc Reporter uses the opportunity to review the BDC’s history and approach to buying back its own stock.
