We’re re-publishing an article from our sister publication – the BDC Credit Reporter – about Bain Capital’s most recent credit performance, which includes a list of its most troubled borrowers.
Bain Capital Specialty Finance seems to be firing on all cylinders st the end of the IQ 2024 and its rest-of-the-year outlook seems favorable. We explain why.
After a few days hiatus, the BDC Reporter is back to writing credit reviews. The data suggests Bain Capital Specialty Finance is in good shape and has been improving in recent years.
We take a deep dive into Bain Capital Specialty Finance’s quarterly and full-year 2023 results and find much in the way of positive developments.
Bain Capital Specialty Finance books a major – although not unexpected – realized loss in the IIIQ 2023. We discuss the impact and which other BDCs are involved in this notable credit setback.
A full review of Bain Capital Specialty Finance’s IIQ 2023 performance and expectations for the future.
We review Bain Capital Specialty Finance’s credit performance through the IIIQ 2022 by annotating the BDC’s conference call.
We summarize Bain Capital’s IIIQ 2022 performance, offer up areas of concern and review the bDC’s valuation.
The BDC Reporter, after many hours of data collection and analysis, has undertaken a detailed Credit Review of Bain Capital Specialty Finance. Also included is an annotation of credit comments made by the BDC’s management on its latest conference call and a database of all the significant underperforming companies in the portfolio. There’s enough data to keep readers occupied over the three day week-end and out of the heat.
We annotate the Bain Capital Specialty Finance IIQ 2022 earnings conference call and – amongst other items – weight the chances of substantially higher earnings and distributions in the second half of this year.
The BDC Reporter continues to undertake deep-dive credit reviews. This time, we analyzed where Bain Capital Specialty Finance stood as of the IQ 2022.
We use the opportunity of Bain Capital receiving a new investment grade rating to review how the BDC might perform as rates rise through 2022. Could the BDC’s stock price re-visit heights not experienced for three years ?
The major indices slumped just before the close but the BDC sector stood steady. The BDC Reporter kept busy with the review of a new financing facility for a large cap BDC and further credit updates. Plus, we updated the BDC Fixed Income Table.
The markets were mixed but the BDC sector was up – slightly. In the tumult of IIIQ 2021 earnings we discuss the differing stories of three players seeking to “cover” their distribution with earnings.
The BDC Reporter annotates Bain Capital’s third quarter conference call and is impressed by how far the BDC has come in terms of real dividend coverage. Future progress, though, is another matter.
