Oxford Square is paying down more of one of its Baby Bonds. We review the details and what remains.
Oxford Square Capital’s planned Rights Offering did not play out as management must have hoped. Unfortunately, this leaves the BDC’s securities holders with existential questions.
Oxford Square has just launched a transferable subscription rights offering in a bid to raise new equity. The BDC Reporter discusses the high stakes involved.
Smack in the middle of earnings season, Oxford Square has announced a rights offering. As we discuss, this seems like an essential move to shore up the BDC’s much deteriorated capital base but also raises important questions that shareholders will grapple with in the weeks ahead as final details are announced.
The BDC Reporter is focusing its weekly Credit Recap on discussing developments reflected in the BDC Credit Table – an invaluable subscriber tool. We begin with the latest from Oxford Square Capital.
We re-publish an article from the BDC Credit Reporter about the sorry state of a BDC portfolio company held by half a dozen players.
To accompany the BDC Credit Table, the BDC Reporter is adding analysis and commentary about each BDC’s latest credit picture as quarterly results come in. We start with Ares Capital and Oxford Square.
For a second day in a row, the BDC sector failed to follow the major indices upward. Also, BDC earnings season begins with high expectations and three BDCs do not disappoint. There’s other news besides on a busy day for BDCs.
The markets move up for a second cday, with the BDC sector following some way behind. We review several BDC news items – none very important – and have a mouthful to say about the credit outlook for the lower middle market.
BDC prices slumped slightly on the day. BDC earnings season began with one disappointing result and one as expected. Also, we were surprised by a very inexpensive unsecured debt offering by a well regarded BDC.
BDC prices have started the new week with a strong showing. In the news, a preferred offering and credit developments at several BDC portfolio companies worth knowing about. Some good news and some terrible.