We re-publishing an article from the BDC Credit Reporter about developments at an under-performing logistics company whose debt is held by 6 public BDCs from our coverage universe.
After many years, a key equity investment of Logan Ridge Finance has been sold for a big gain. We analyze the possible impact on the BDC’s earnings power.
Logan Ridge Finance has released its 2023 10-K allowing the BDC Reporter to undertake our review of the BDC’s financial performance. This also signals the end of the IVQ 2023 BDC earnings season.
Gladstone Investment has re-invested in a portfolio company that proved a big success earlier. Logan Ridge also has a position. We discuss how this might play out for both BDCs.
Logan Ridge Finance has restructured its financing to repay its public notes which are close to maturity. We discuss how the BDC’s note and common stock holders have fared, and what’s the outlook going forward.
Logan Ridge Finance – by its own admission – has much to do where it’s balance sheet is concerned. The BDC has just taken a step forward, but it’s hard to say if progress is being made or not.
From the BDC Credit Reporter: a review of Logan Ridge Finance’s credit status as of IVQ 2021 and our projection for 2022.
Logan Ridge Finance is making progress on turning round the former Capitala Finance, but very slowly. Will the new advisor to the BDC be able to pull off a spectacular turnaround that might greatly boost the stock price ? We get some ideas from the IVQ 2021 conference call transcript.
A good start to the day could not be sustained as the major indices faltered at the close, as did the BDC sector.We also review Logan Ridge Finance’s latest results and worry about the future.
In December, BDC Fixed Income prices rose even as the number of public issues dropped. We review the latest data and how this segment of the debt market has evolved since 2012 and what is likely to lie ahead.
BDC fixed income prices remained unchanged in the month of November. The size of the sector continues to shrink with multiple full or partial redemptions changing the landscape.
On day two of BDC earnings season, BDC prices – and most major indices – dropped. Also, a small-cap BDC takes a first step towards refinancing unsecured debt coming due shortly.
BDC sector prices are edging up towards a 52 week record high. Also, we discuss the possible debt raising plans of the BDC with the largest price discount to book.
The S&P 500 and the Dow hit new heights but the BDC sector took a step back. Also, one BDC under new management reported intriguing results while another booked a new investment.
On day two of BDC earnings season, the market leader offered up the biggest headlines. However, there was also some smaller BDC stories worth noting.
