Highlights from the last two days of BDC portfolio company news, and the possible impact on the multiple BDCs involved.
The BDC sector has a very good week almost across the board, despite few developments as investors jockey for position before earnings season. We discuss at length one factor that could prolong the rally and briefly (teasingly ?) mention another.
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.
Up, down and all around the BDC Sector moves in this past week. However, the Ides of March still point mostly to Down, as we illustrate.
Busy BDC News Day with Medley Capital’s full year earnings at the forefront. We preview our MCC view and that of National Securities then discuss two expected dividend announcements ; a resetting CLO and a heap of insider share purchases and more besides. We also update our Premium readers on why we bought two Baby Bond issues, and updated the Fixed Income Table.
The BDC Reporter rounds up a miscellany of (minor) BDC news after posting the update on MVC Capital’s asset sale earlier. Over-allotments drawn down; dividends announced, a new investment and insider sales of stock.
BDC Exposure: $54mn.
Securus Technologies is in the midst of a buy-out. Activists have challenged the deal at the FCC. The BDC Credit Reporter assesses the chances of a last minute block.
Two Solar BDCs announce the unsurprising results of their annual shareholder votes.