BDC stock prices resumed their ascent after a one day pause. We highlight interesting information in Capital Southwest’s conference call and provide details about Ares Capital’s latest debt offering and some other minor items.
The BDC Reporter provides a brief update on what we’ve been working on as sector prices have tumbled for three days in a row. We will be on vacation for a few days but will continue to publish several new annotations of BDC conference calls. .
For the first time in seven weeks, BDC sector prices dropped, but not much. We also discuss recent developments at BlackRock Capital and Sixth Street Specialty.
A famous retailer – just out of bankruptcy is poised to tap the capital markets. Sixth Street Specialty Lending appears poised to benefit.
Sixth Street Specialty Lending raises a large amount of new unsecured debt at a favorable yield. We analyze the impact on both balance sheet and P&L, and compare with another similar issuance by Ares Capital.
Another energy company files for bankruptcy and Sixth Street Specialty Lending is involved.
A portfolio company of Sixth Street Specialty Lending files Chapter 11. Will the BDC book a loss ?
The J.C. Penney saga is getting closer to being resolved and Sixth Street Specialty Lending seems likely to record a rare loss.