We are back with the common stocks market recap just as the BDC sector ends November on a high note. Is BDC market enthusiasm justified by the recent fundamentals ?
The BDC Reporter is back after a hiatus with one of our annotations of a BDC’s Conference Call transcript: in this case PennantPark Floating Rate. As always, we have analysis and commentary to intersperse with management’s prepared remarks and subsequent Q&A.
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 Affinion Group has successfully pulled off a major restructuring, including two Rights Offerings and a debt for equity swap. How will that affect the two PennantPark BDCs who hold equity already ?
The famously stable BDC Fixed Income market seems a little anemic. However, that’s nothing compared to what may happen as BDCs position themselves around the Small Business Credit Availability Act.
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.
PennantPark Floating Rate held a Conference Call to update and reassure its Israeli Baby Bond holders. Mission accomplished ?
As forewarned earlier in the week, BDC common stocks are in rally mode, and may go higher. The BDC Reporter, though, looks a little further out…
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,
A Wild Week for both the markets and the BDC Sector. Maybe we reached a turning point in BDC history with the new looser leverage rules. Many asset managers think so and some analysts but the BDC Reporter has doubts.