BDC common stock prices, after a drop and an increase, flatline on Tuesday. We also review a new BDC portfolio company and say good-bye to a Baby Bond on a quiet day all around.
Not much changed in BDC Fixed Income prices during the week, but there were a series of comings and goings that continues to reshape the sector. Watch out ! There’s more to come.
There were many developments in the BDC Fixed Income sector during the week that changed the landscape and outlook.
The median price of public BDC debt moved down on the week, but not far. We also discuss what we learned from BDC conference calls about the outlook for multiple debt issues.
A famous retailer – just out of bankruptcy is poised to tap the capital markets. Sixth Street Specialty Lending appears poised to benefit.
A first look at First Eagle Alternative Credit’s IVQ 2020 results suggests more work needs to be done before the BDC is “turned around”
With a little bit more time on our hands, we take a first look at recently renamed and re-branded First Eagle Alternative Capital BDC (yes, that is the full name given) after second quarter 2020 results are posted. Unfortunately, we worry that the future might be like the past.