Whereas the major indices dropped, the BDC sector increased in price on Tuesday. Also, two BDCs announced distributions: one increased and one unchanged, and a large cap player pays off expensive debt.
The major indices suffer a major one day hit on Tuesday, but the BDC sector is less impacted. Also, two important developments occur where BDC unsecured debt is concerned, both coming and going.
We annotate Gladstone Capital’s calendar IVQ 2020 conference call transcript, armed with our review of the latest 10-Q.
The shaking and rattling of prices in the BDC Fixed Income sector quieted this week. We review the metrics and news developments affecting issuers. The BDC Reporter, though, explains why coming weeks may not be as quiet as this one.
The huge BDC rally of the week before came to a halt, but there were plenty of interesting and unusual price and news developments. The BDC Reporter takes this opportunity to worry aloud about what may lie ahead from a credit standpoint in a very uncertain economic, political and financial environment. Read with a stiff drink.
We re-publish an article about a Gladstone Capital portfolio company recently added to the underperformers list due to the Covid-19 crisis, one of many such BDC-financed companies impacted by the changed environment.
The BDC Reporter – using the resources of Advantage Data and its own research – analyzes BDC exposure to a segment of the oil & gas industry. Second in a series.
BDC Fixed Income prices have held up well during the first two weeks of the market meltdown. However, with changes in interest rate and credit conditions changing quickly, what might happen next to prices and new issuance ?