With BDC earnings season almost over, we’ve switched back to analyzing BDC credit performance as part of the BDC Reporter’s Credit Table. We take a look at BlackRock TCP Capital.
BDC prices – but not the major indices – hit an air pocket. We speculate as to the reasons and explain why we’re not sweating – yet. We also mention some miscellaneous BDC news.
For a second day, both the major indices and BDC sector prices pull back. Also a larger BDC issues new debt at a very low yield while a peer redeems its Term Preferred, plus another BDC discloses insider ownership
BDC prices moved up marginally on Thursday. Moreover, we cover a new private placement and public Baby Bond repayment; an amended revolver and discuss an analyst’s recommendation.
BDC prices reached a new apex on a day when a BDC CEO moved on and we learned more about a new portfolio company at another BDC lender.
The BDC Reporter contends with an avalanche of BDC earnings reports, but notes very few setbacks. Market prices revive on the general optimism.
The BDC Reporter previews at the market open what we’re working on for Wednesday March 31, 2021.
We re-publish a IVQ 2020 update from the BDC Credit Reporter about Great Elm Capital’s largest portfolio company investment – Avanti Communications.
BlackRock TCP Capital offers a preview of its IVQ 2020 results. The BDC Reporter compares the estimated performance against the trends in the BDC’s earnings, leverage and book value before and after the pandemic.
A satellite operator which is the largest single investment in Great Elm’s portfolio faces financial difficulties and may seek British bankruptcy court protection. We re-publish an article from the BDC Credit Reporter which flags this breaking news.
Neiman Marcus has exited bankruptcy and the only BDC involved – Sixth Street Specialty Lending – appears to have escaped unscathed.
A busy week for BDC common stock prices but a quiet one where breaking news was concerned. Still, the BDC Reporter annotated two conference call transcripts and commented on two financing developments.
Another BDC is preparing to tap the institutional market for unsecured debt. The BDC Reporter review the whys and wherefores, and the positives and negatives involved.
The BDC Reporter uses the opportunity to annotate BlackRock TCP Capital’s IIQ 2020 conference call transcript to understand why its distribution was reduced and what might happen going forward.
BlackRock TCP Capital does everything right in the IIQ 2020 results, with one notable exception. Here is the BDC Reporter’s first look.
