We review how a BDC stock dropped like a stone and analyze the latest unsecured debt offering of one of the largest players.
The new week begins with developments at two large-cap BDCs, a IQ 2021earnings preview for a small venture-debt BDC and word on who we’ll tackle next.
The BDC market hits new highs and two BDCs have routine developments that we briefly review.
The BDC Reporter offers up a long list of BDC developments in the past 24 hours, all annotated. We also discuss the new BDC sector price record.
The BDC Reporter previews at the market open what we’re working on for Monday April 5, 2021.
The BDC Reporter summarizes the Owl Rock Capital IVQ 2020 results and explains why performance was only FAIR.
Owl Rock Capital issues new unsecured debt. The BDC Reporter discusses what makes this offering notable.
Before we review Owl Rock Capital’s latest debt offering, we’re offering up a brief review of the IIIQ 2020 results.
Just one item is missing in Owl Rock’s favorable IIQ 2020 results, says the BDC Reporter after reading the press release. Coming up shortly: an in-depth review.
Owl Rock Capital prices a new unsecured note offering. The BDC Reporter closes the circle with a follow-up article about the debt raise to accompany what we wrote July 13. However, there’s an unexpected development: the proposed use of the funds.
Owl Rock Capital previews some key IIQ 2020 metrics, but leaves plenty unsaid. The BDC Reporter analyzes what we’ve learned and highlights what we don’t know.
Owl Rock Capital is preparing to pitch a new unsecured debt offering, according to a filing. The BDC Reporter reviews the BDC’s current debt level and liquidity and guesses what the amount to be raised and pricing might look like. Finally, we place this putative issue in the broader context of BDC access to the debt markets in the post-Covid period.
“What goes up will come down” as BDC sector prices proved this week as volatility resumed. Also there were other notable developments including equity capital raised; a surprise dividend and important shareholder approvals. We also discuss the surprising change the size of the BDC sector is likely to take in the days and months ahead.
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.
There was a slight – and we mean tiny – shift in BDC Fixed Income prices in the week ended January 17, 2020. Also, two BDCs were in the market issuing new debt: one for a very large and one for a very small amount, but both are instructive.
