The second week of BDC earnings season did not go as well as the first week. Several BDCs reported disturbing developments worth looking into, which we do.
In a press release, Gladstone Investment announces a loan repayment and equity gain. We provide a host of additional details about the transaction and it’s likely impact and review longer term trends at the BDC.
Gladstone Investment amends its Revolver, as part of a campaign to grow the BDC’s portfolio. The BDC Reporter questions whether the plans are either practical or advisable, and throws around a lot of numbers to make its point.
Gladstone Investment issues a new Term Preferred to redeem two existing issues. We provide details, analysis and a couple of predictions.
Nine BDCs have reported earnings through the close on August 2, 2018. We’ve got the highlights, the lowlights and an early idea of where the BDC sector is headed.
A bounce back in BDC Fixed Income prices during a short week. Otherwise, we learn what we can from Prospect Capital’s latest debt offerings and review likely early debt redemptions. (This is the full version of the article. An earlier version was truncated by pixies for reasons unknown).
Contradictory data about the direction of the BDC common sector, but the trend seems more to the downside than the upside.
A very quiet week for BDC Fixed Income prices but two BDCs surprise with debt buybacks. In the future, though, the BDC Reporter expects much more issuance and redemption activity.
Another good week for the BDC Sector and most of its constituents, as the rally marches on. We discuss myriad metrics and look at the length of the runway.
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.
We dig into Gladstone Investment’s results after a Very Good Year for the BDC.
A ho hum week for BDC Fixed Income prices but the new BDC leverage rules might ultimately put an end to the price stability in the sector that just added a new issue,
Another Week To Forget for BDC common stocks, but is worse to come ? We continue to place the market meltdown in context.
Risk free rates are way up but BDC Fixed Income debt is only modestly impacted, but there are a few exceptions. We discuss this week’s moves and the outlook.
BDC common stocks had another tough week. Matters could get worse. Much worse, as we discuss. However, we end on an optimistic note.
