We re-publish an article from the BDC Credit Reporter about the bankruptcy of a BDC-financed retailer. However, our principal purpose is to bring readers attention to a trend developing in BDC investing that could have major consequences for years to come, and which could accelerate in the current environment.
The BDC Reporter re-publishes an article from Leveraged Commentary & Data about third quarter 2019 trends and uses the opportunity to discuss some of the fundamental changes going on before our eyes in how the sector does business.
The coronavirus causes all major indices – and the BDC sector is no exception – to move into reverse. With earnings season about to begin, is the momentum to the upside or downside ?
A long troubled retailer – whose debt is held by four different BDCs – moves closer to a restructuring or bankruptcy. We review the credit history and look forward to the possible impact on the BDC lenders involved.
The BDC sector follows the major indices higher in the week ended January 17. We discuss some of the winners in price terms for the week and one notable loser and speculate where BDC prices might go once earnings season begins shortly.
Monroe Capital is taking action against one of its troubled portfolio companies, whose debt has been on non accrual for over a year.
BDC sector prices break a 2019 record on the way up. We wonder, though, where’s the usual enthusiasm associated with stock rallies, which is not showing up in much of the data. What’s more, how do high prices mesh with growing credit concerns at borrowers ?
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 broad market indices bobbed around in the week and the BDC sector followed suit. We discuss two BDCs that did well, and four that did not and project out how the rest of the year is likely to play out.
Once again, the BDC Reporter annotates the conference call of a BDC, one of our most popular features. In this case, we add analysis and commentary to Monroe Capital’s second quarter 2019 transcript.
On one hand, BDC index prices moved up again. On the other hand, other data we use to measure investor enthusiasm for the BDC sector was unmoved. We seek to reconcile this contradictory picture, while looking forward.
One of Monroe Capital’s largest investments is liquidating. We review the timeline and the implications for the BDC’s reputation, stock price and future outlook.
A quick update to an earlier Stock Watch of Garrison Capital, as the dividend cutting BDC reaches a new low.