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BRIEF -OFS Capital: Voluntarily Reduces BNP Revolver Limit And Issues New Unsecured Note

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We were closing up shop for the week when we noticed a new filing from OFS Capital, which led us to learn a great deal more about how the troubled BDC has chosen to address a pressing upcoming debt maturity that previously had is worried about a potential liquidity crisis. Much is now clearer but OFS is not out of the woods in the medium term.

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BDC Common Stocks Market Recap: Week Ended August 15, 2025

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All but one BDC has reported IIQ 2025 results but investors remained dour for a fourth week in a row even as the major indices moved higher. We review the week’s biggest price winner and loser, and the 4 new price lows. We then turn to where the BDC sector stands after 33 weeks of 2025 and speculate as to how the year might end for both BDC prices and performance.

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3 BDCs At New 52 Week Lows

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IAt the tail end of BDC earnings season and sector market prices mostly in “good enough” territory, three BDCs reached new price lows on Monday. What gives? We look at each BDC in turn to try and determine why this might be happening.

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BDC Common Stocks Market Recap: Week Ended August 8, 2025

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Price-wise, the BDC sector barely moved this week after a big drop the week before. However, there is a great deal going on beneath the surface, including an unexpected change in direction at two Monroe Capital managed BDCs and a host of IIQ 2025 earnings releases. We do point out who are the walking wounded BDC players but close with a mostly bullish assessment of sector performance and of the future outlook for prices.

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BDC Week In Review: Week Ended August 1, 2025

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Just 4 BDCs announced IIQ 2025 results during the week, but there were plenty of other developments as well where BDC Fixed Income, new business and a fourth institutional venture debt fund were concerned. Next week, though, will be even busier.

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BDC Common Stocks Market Recap: Week Ended August 1, 2025

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The skies over all markets suddenly darkened this week, and the BDC sector was not exempt. After many weeks of increasing optimism, BDC investors are back to the dark forebodings of April, when we first heard about “Liberation Day”. This might be a turning point in the year, but maybe not. We discuss three potential alternatives going forward after assessing how the BDC sector stands in the wake of this week’s red ink.

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Ares Capital: II Q 2025 Performance Insights

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Ares Capital (ARCC) has kicked off IIQ 2025 BDC earnings season when almost everyone is at the beach – including the BDC Reporter. Nonetheless, we’ve reviewed the earnings press release, the 10-Q, the Investor Presentation and the conference call transcript. We won’t rehash all the numbers here that are available on all the financial platforms and – often – neatly summarised by AI to boot. Instead – and going forward – we’ll focus on offering insights from our research that might not be covered elsewhere. As you’ll find, we have a few interesting nuggets of information drawn from the research that might surprise as might some of our conclusions as well.

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