Armed with additional insights from Investcorp Credit Management’s 10-K that has just been published, the BDC Reporter annotates the BDC’s fiscal year conference call transcript. Investors seem to be encouraged about the latest news, the BDC Reporter less so.
Investcorp Credit Management gets round to reporting fiscal full year results through June 2020. We take a first look, but need the benefit of the 10-K and the coming conference call to get a fuller picture.
BDC sector prices continue upwards for another week, but are we reaching a point of resistance ? Also, developments at several BDCs that were in the news this week could spill over into the coming weeks and with unanticipated consequences.
The BDC Fixed Income median price barely changed for the week, but there was a shift among issues trading below par. Otherwise, new issue activity remained high and more is promised. It’s been a busy month for BDC unsecured debt and for the Reporter.