A gas driller files for bankruptcy. TPG Specialty is the only BDC with exposure. How will the BDC fare ?
Apollo Investment has made major – and overdue changes – to its compensation arrangements, announced along with FY 2018 earnings. However, we continue to stay away from the stock for 5 reasons given.
We dig into Gladstone Investment’s results after a Very Good Year for the BDC.
A new feature summarizes the premise for the BDC Reporter’s investment activity.
Oaktree Strategic Income takes a step towards leveraging up its balance sheet by receiving a waiver of the 200% asset coverage from its lenders. We run the numbers, though, and are not convinced shareholders will benefit.
The newest public BDC is a lender to the latest retailer bankruptcy.
National Securities projects two well known BDCs might cut their fees. The BDC Reporter builds on that speculation with one of its own about the BDC Sector as a whole.
PennantPark Floating Rate held a Conference Call to update and reassure its Israeli Baby Bond holders. Mission accomplished ?
BDC Fixed Income prices are modestly higher. More importantly, the landscape for unsecured BDC debt changes before our very eyes.
As forewarned earlier in the week, BDC common stocks are in rally mode, and may go higher. The BDC Reporter, though, looks a little further out…
Newtek Business Services latest dividend announcement reassures the BDC Reporter and results in an affirmation of our Dividend Outlook rating.
The BDC Reporter feels compelled to bring to its Premium subscribers attention a change in market sentiment underway. We also identify a BDC that might be the subject of the next change of management.
The BDC Reporter knew “something was up” weeks ago. Now we hear American Capital Senior Floating is headed for an unusual self-liquidation. Going out on top or going too cheap ?
The BDC Reporter had a DECREASE rating on Medley Capital’s distribution since December 2017. The BDC has now cut its dividend.
BlackRock Capital’s shareholders write the Investment Advisor a blank cheque. The BDC Reporter is taken aback.
MVC Capital has to contend with a new “activist” only a few months after fending off another disgruntled major shareholder. Will this time be different ?
BDC Fixed Income prices did not move much on the week, but the outlook for the entire sector for years to come shifted dramatically.
A watershed week for the BDC Sector, but not for the usual reasons.
Every BDC has a unique take on the new Small Business Credit Availability Act. We have an in-depth look at what Carlyle Group’s TCG BDC approach looks like.
With BDC earnings season almost at the quarter way mark, the BDC Reporter shares some observations and does some plain speaking.