OFS Capital – in a BDC first – establishes a wholly owned subsidiary just to acquire senior loans. We discuss what we now know, what we don’t and why that matters.
OFS Capital joins a select group of BDCs that have offered to reduce a portion of their compensation over a certain leverage level. The BDC Reporter looks the gift horse in the mouth…
The BDC Reporter takes a hard look at OFS Capital’s portfolio from a credit perspective, and changes its outlook.
OFS Capital issues another Baby Bond, preparing further expansion of its balance sheet. We look at the impact on portfolio and earnings down the road and how this fits into broader BDC challenges.
BDC Fixed Income moved up modestly in quiet week. However, changes are underway in how some BDC debt is rated which could have major implications.
Contradictory data about the direction of the BDC common sector, but the trend seems more to the downside than the upside.
BDC Fixed Income prices did not move much on the week, but the outlook for the entire sector for years to come shifted dramatically.
On the cusp of the most interesting Earnings Season in years, BDC stocks remained in a narrow range. We look forward to the debate about extra leverage but also beyond…
OFS Capital has been losing the confidence of investors. Here’s the key reason why in advance of IQ 2018 results.
An uneventful week where BDC Fixed Income prices are concerned. The BDC Reporter, though, has been musing about debt, risk and frogs.
A ho hum week for BDC Fixed Income prices but the new BDC leverage rules might ultimately put an end to the price stability in the sector that just added a new issue,
The mini-surge in BDC common stock prices reversed this week. Are we headed back down or just taking a break ? Longer term, much may depend on how BDCs tackle the new leverage rules, as we explain.
OFS raises its first Baby Bond. We look at the economics both from a shareholder and debt holder perspective and find the numbers don’t add up for either.
All quiet on the BDC Fixed Income front, both where prices are concerned and new developments. We discuss where the sector could go from here and how that might differ from BDC common stocks.
BDC Fixed Income loses a constituent, but the group as a whole remains stable, both in the short and medium term. We delve into our archives for perspective and compare with BDC common stock returns of late.
