Three BDCs reached new 52-week highs on Monday January 23, 2024. We analyze the phenomenon; review each BDC’s valuation metrics and consider the implications for BDC investors.
Sixth Street Specialty raises new equity capital. We review the numbers and the likely impact on the BDC. We also place this development in a broader BDC context and what it might mean for the future of the sector.
Not very surprisingly Sixth Street Specialty claims no material exposure to you-know-who. More intriguing is their discussion of leverage and liquidity which raises sector-wide issues.
The BDC Reporter annotates Sixth Street Specialty’s IVQ 2021 conference call transcript following a very fruitful year. Much is discussed, including the prospects for 2022 in a year where short term rates are expected to soar.
The BDC Reporter has been on a plane so we’re updating two days in one post. The markets – and the BDC sector – went up only to come back down on war fears. Two BDCs reported distributions, which we review in detail.
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. .
The BDC Reporter contends with an avalanche of BDC earnings reports, but notes very few setbacks. Market prices revive on the general optimism.
Just as BDC earnings season heats up, several other developments occur just as sector prices slump…
The BDC Reporter has several breaking BDC-related news stories to discuss in our daily summary, plus two important credit developments.
There are 4 news item on the agenda from the BDC sector on Thursday April 15, 2021 and the completion of a two part credit review of the largest BDC player.
The BDC Reporter previews at the market open what we’re working on for Monday April 5, 2021.
The BDC Reporter previews shortly after the market open what we’re working on for April 1, 2021.
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.
