We initiate a new article series. Instead of yet another earnings estimate, we provide a credit outlook in advance of IVQ 2018 filings. First up: Capital Southwest.
The second largest equity investment made by Capital Southwest has found a buyer. We review what details are available and weigh the benefits for the BDC. Updated with sales price.
Capital Southwest makes a point about its Supplemental Dividend, which only confirms the BDC Reporter’s Dividend Outlook.
Capital Southwest is seeking to raise more unsecured debt shortly after embracing a revised version of the new leverage rules. Is this the beginning of a trend in BDC Fixed Income ? We have a view.
Capital Southwest gets an analyst upgrade and increases its distribution.
In BDC News Of the Day, the BDC Reporter has a look at Capital Southwest’s 10-K and Conference Call and comes away with a few notable insights into distribution policy, credit risk and the relationship with the SBIC.
In BDC News Of the Day, Capital Southwest reports fiscal year and quarterly earnings. The BDC appears to be doing well in its first year as a lender-focused BDC, but the BDC Reporter cannot help but point out some concerns.
Capital Southwest’s Proxy filing tackles several issues, some of which should be important to the BDC’s shareholders including a new Chairman of the Board; manager compensation and a change in legal jurisdictions. Boring to many, fascinating to the BDC Reporter.
Hercules Capital adopts the new asset coverage rules and asks shareholders for their blessing. This is Big News in more ways than one, and we discuss the implications for the BDC and the sector generally.
The BDC Reporter update for Wednesday August 30, which includes a number of BDC briefs, and the release to all readers of our Market Recap from a month ago. BDC News Of The Day subscribers will be getting an in-depth analysis of the challenges facing Capital Southwest following an analyst upgrade.
Most of the BDC News Of The Day except Alcentra Capital’s equity raise. We review insider purchases and sales at Medley Capital, Capital Southwest and Prospect Capital; review the fruit of MVC’s “financial engineering”; glance at Gladstone Capital’s presentation and more…
The week ahead in the BDC sector may be less frantic than the week just ended, but the Medley imbroglio continues; the leading BDC reports results and market trends for common stocks and publicly traded debt may be headed in different directions.
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