The best performing BDC common stock of 2020 – Horizon Technology Finance – hits a speed bump with its IIIQ 2020 results.
A TCG BDC Inc. portfolio company files for Chapter 11, which may result in material realized losses shortly. Re-published from the BDC Credit Reporter with a foreword from the BDC Reporter.
The BDC Reporter annotates Horizon Technology Finance’s second quarter 2020 conference call transcript, following unexpectedly stellar results.
Horizon Technology Finance arranges a fourth financing facility which should boost liquidity and underwrite further portfolio growth. We discuss the background; the details; the benefits and the risks.
BDC Fixed Income prices break through to a new level this week. The recovery, though, is incomplete even if the first BDC earnings results were auspicious.
The BDC sector did not move much overall from a price standpoint for a third week in a row and despite the beginning of earnings season. Big uncertainties,though, remain which the BDC Reporter discusses.
The second BDC to report IQ 2020 results is Horizon Technology, whose modest drop in book value and unchanged distribution surprises. Will the BDC be able to maintain its good fortune going forward ?
BDC Fixed Income – like common stocks – have a better week price-wise, but there are still strains. Investors look forward to BDC earnings season and what that might mean for fixed income prices and outlook, with three funds in the docket.
With BDC earnings season around the corner, the sector’s prices stabilized but individual BDCs remained highly volatile both up and down. The BDC Reporter discusses the upcoming earnings and portfolio releases and their importance in the short and longer term in what looks like a critical year in the history of the sector.
For the last time – given that BDC earnings season launches this week – the BDC Reporter updates its compendium of all BDC developments since the Covid-19 crisis began. Plenty of items to review, but less than we expected.
The BDC Reporter reviews a strange week in the markets as investors switched from rampant optimism back to white knuckled fear. We also offer up our candid view of what might happen next, and our surprise as to how the markets have behaved to date.
After a day of red ink in the markets, the BDC Reporter thought to analyze how the sector fared – both in absolute terms and against the broader indices – and to review the impact on the 45 public entities we track.
Horizon Technology Finance’s only troubled portfolio company has been sold. We discuss the back story of the credit; its impact on Horizon and what we’ve learned from the publicly available information on the subject.
We compare the three issues we wrote about in advance of Horizon Technology’s third quarter 2019 results against the actual outcome. Plus, we preview the same issues – plus one new key item – for the fourth quarter.
We review price developments and new issuance in the BDC Fixed Income segment for the week ended October 25, 2019.