The BDC sector is getting busy with earnings releases, amended financing arrangements and credit developments. Most of the day’s update is devoted to what we’ve learned – or otherwise – from Capitala Finance’s earnings and conference call.
We provide an update about an article written hours earlier about the bankruptcy of a WhiteHorse Finance borrower.
WhiteHorse Finance announces a special distribution but can the BDC avoid a cut to its long standing regular payout ?
We re-publish an article from the BDC Credit Reporter about the latest BDC portfolio company – held by two different public players – to file Chapter 11.
BDC common stocks prices are (almost) universally on an upward tear for a third week, and we’ve got the supporting data. Nonetheless, there’s a confusing mismatch between the mood and the fundamentals which leaves the BDC Reporter puzzled.
BDC Fixed Income prices seemed to be headed in one direction just a fortnight ago, but now are moving in unexpected ways. We discuss both sector trends and the path of individual issues and what the future might hold, which is likely to be very different from the past.
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.
BDC Fixed Income prices drop back after a big rally the prior week, but not too far. We provide the details and take a new snapshot of where we stand in the fourth week of the melt-down of BDC debt prices.
The BDC sector dropped back again last week after a head fake the week before. We review the numbers and evaluate what we’ve been learning from the BDCs themselves all week and what remains unknown.