Barings is buying a boatload of Barings BDC’s common stock under an automatic program, with no visible impact on the stock price. We review the latest “shareholder friendly” action by this most recent entrant into BDC management.
Barings BDC completes its modified “Dutch Auction”. Both the BDC and shareholders will be looking down the road.
BDC Fixed Income crawls up in price even as the segment shrinks in size. The BDC Reporter remains optimistic.
The former Triangle Capital is now trading as Barings BDC, LLC with a new ticker and at a new low following a shareholder distribution. What to do ?
A quiet week, both in terms of price changes and news developments, in BDC Fixed Income. Looking around the corner, we speculate as to whether the universe of publicly traded unsecured BDC debt gets bigger or smaller.
A mixed week in the BDC sector but the trend is still to the upside. The BDC Reporter also discusses the monumental changes underway amongst the bigger BDCs and what that might mean for the future.
The BDC sector has a very good week almost across the board, despite few developments as investors jockey for position before earnings season. We discuss at length one factor that could prolong the rally and briefly (teasingly ?) mention another.
Triangle Capital offers three clarifications on an earlier article about its Proxy. This leads to a constructive conversation about capital, fees, leverage and the future of a BDC about to undergo a metamorphosis.
BDC Fixed Income prices soften, but probably for a transient reason. More importantly, the “leveraging up” of the BDC Sector begins with two new issues and the dynamics of the industry begin to change. One of those Good News/Bad news stories.
Triangle Capital is down to the final strokes of selling its assets and becoming externally advised. We review the Proxy, highlighting both what’s commendable and what less so before shareholders vote.
BDC Fixed Income prices perk up…a little, as bond markets are roiled. Otherwise, not much happening as BDC issuers wait on the markets.
BDC Fixed Income prices drop along with about everything else as rates rise. However, we look beyond to the changes being wrought by BDC enthusiasm for the Small Business Credit Availability Act. This could go any number of ways.
A watershed week for the BDC Sector, but not for the usual reasons.
With BDC earnings season almost at the quarter way mark, the BDC Reporter shares some observations and does some plain speaking.
Like in “Jaws’, the surface of BDC Fixed Income market seems calm. Underneath the surface, though, new dangers lurk. Some Note Holders might be wishing they had brought a bigger boat.
