Another up day for BDC stock prices, and for most of the indices. News-wise, a venture debt BDC recaps the quarter’s activity; an unchanged distribution is announced and yet another player returns to the unsecured debt issuance well on favorable terms.
BDC sector prices moved in a surprising direction given the across the board drop in the major indices. Also, we review a dividend announcement and identify potentially very good news at a troubled portfolio company of a mid-sized BDC.
The S&P hit a new high, but the BDC sector dropped. Leading the news – despite multiple earnings releases – was the decision by one BDC to quit and become a national bank.
The BDC Reporter offers up a long list of BDC developments in the past 24 hours, all annotated. We also discuss the new BDC sector price record.
BDC common stocks prices are (almost) universally on an upward tear for a third week, and we’ve got the supporting data. Nonetheless, there’s a confusing mismatch between the mood and the fundamentals which leaves the BDC Reporter puzzled.
The BDC sector dropped back again last week after a head fake the week before. We review the numbers and evaluate what we’ve been learning from the BDCs themselves all week and what remains unknown.
Lower interest rates across the board are continuing and impacting BDC Fixed Income in several ways, including price.
A major realized loss for Ares Capital and – to a much lesser degree – for three other BDCs – discussed.
The BDC Reporter discusses three key issues to look out for when Solar Senior Capital reports its IIIQ 2019 results. Extracted from our exclusive – and exhaustive – BDC Earnings Preview Calendar.
A BDC winning streak comes to an end this week, but the market remains buoyant nine months into the year. Little in the way of major developments to report, but credit continues to be a source of concern “maybe not today, maybe not tomorrow, but soon”.
There was a paucity of news affecting the BDC sector in the week ended September but developments out of the SEC could change price dynamics.
The BDC Reporter extracts two key items from Solar Senior Capital’s just published 34 page Proxy filing.
Highlights from the last two days of BDC portfolio company news, and the possible impact on the multiple BDCs involved.
Moody’s has named the 17 top candidates amongst retail names to file bankruptcy in 2019. The BDC Reporter analyzes how BDC lenders might fare if the worst comes to pass.
A market melt-down is bringing more BDC stocks to 52 week lows. We name names and – on the fly – discuss risk and opportunity in a fast changing price environment.
