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.
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.
As July began, BDC stock prices rose, with one mid-sized BDC leading the way. Also, a BDC changes its name,ticker and manager; a leading BDC amends its debt and another prepares to raise fresh capital. We also discuss ever improving credit conditions and what that might mean when IIQ results come out.
BDC sector prices dropped moderately on Tuesday, but remain close to their 52 week high. Also, a small BDC returns to the public unsecured debt market while another undertakes a recapitalization of a successful portfolio company.
While BDC common stocks marched on, fixed income prices stayed stable. However, there were a couple of price moves that deserve mention in a week with no other developments.