BDC stock prices failed to reach a new high but there were multiple other developments, including a major debt financing and a successful portfolio exit, to discuss.
BDC stock prices held up well in week two of earnings season. We review the top winners and losers and project what prices might go next.
TriplePoint Venture Growth taps the unsecured debt market for $200mn. The BDC Reporter discusses the implications.
A former portfolio company of TriplePoint Venture Growth has just filed Chapter 11, and therein hangs an interesting credit story.
TriplePoint Venture Growth announces a special distribution for 2020. The BDC Reporter takes the opportunity to review the BDC’s gains and losses in 2020 and to predict what 2021 might bring.
TriplePoint Venture Growth extends and expands its Revolver. The BDC Reporter discusses the broader implications of this routine move.
The BDC Reporter annotates TriplePoint Venture Growth’s IIQ 2020 conference call transcript. We use the opportunity to review and rate the BDC’s only Baby Bond: TPVY.
For the last time – given that BDC earnings season launches this week – the BDC Reporter updates its compendium of all BDC developments since the Covid-19 crisis began. Plenty of items to review, but less than we expected.
The BDC Credit Report identifies a new underperforming BDC-financed company, which is financed by venture-debt BDC TriplePoint Venture Growth.
We learn from a TriplePoint Venture Growth disclosure details of its most recent financial performance and how one of its under-performing investments has played out.
The BDC Fixed Income prices moved upward in the week, but there are still a couple of sore spots, which we discuss. Also, a BDC gets an investment grade nod and the BDC Reporter discusses what the rest of the year might look like in pricing terms.