Breaking News: Newtek Business Services is preparing to issue a new Baby Bond. This might mean early redemption for holders of one of the BDC’s existing Baby Bonds.
We share an article from the BDC Credit reporter about a Stellus Capital portfolio company that has filed Chapter 11.
Another day, another BDC Baby Bond slated for early redemption. Stellus Capital is preparing to refinance its public Baby Bond. We review what a draft prospectus tells us.
Medley Capital is changing how the BDC is managed and named. We discuss the details and offer up some strong opinions about what’s happening here.
TriplePoint Venture Growth announces a special distribution for 2020. The BDC Reporter takes the opportunity to review the BDC’s gains and losses in 2020 and to predict what 2021 might bring.
TriplePoint Venture Growth extends and expands its Revolver. The BDC Reporter discusses the broader implications of this routine move.
As expected, Barings BDC does not intend to hold onto MVC Capital’s only Baby Bond (MVCD) once MVC Capital has been acquired. We learn what Barings has in mind for MVCD, which includes a little surprise.
We review Capital Southwest’s latest change to its Revolver and the implications for the BDC’s balance sheet going forward.
Before we review Owl Rock Capital’s latest debt offering, we’re offering up a brief review of the IIIQ 2020 results.
The Medley story adds another twist, with an unexpected switch to internal management beginning in the new year. We offer some analysis but no definitive answers.
Newtek Business has announced its IVQ 2020 dividend, bringing its annual total below what the BDC Reporter and the BDC itself had initially hoped for.
In a not unexpected move, Great Elm Capital takes a hatchet to its distribution, but switches the payout back to cash from mostly in stock. However, can even the new lower distribution be maintained ?
WhiteHorse Finance’s results for the IIIQ 2020 are better than in the prior quarter and the BDC seems to be on a roll.
BDC favorite Main Street Capital announces an unchanged distribution level for the first quarter of 2021 but something is different…
As expected, S&P has granted Prospect Capital’s new Perpetual Preferred offering a BB rating. The BDC Reporter digs into the Prospectus to discuss the implications for all stakeholders of the controversial BDC.
This was a miserable week price-wise for BDC common stock investors. Just how bad ? The BDC Reporter spells out the damage and frets about the days ahead.
A calendar reminder about Great Elm Corporation’s upcoming IIIQ 2020 earnings release, which could be very informative.
Main Street is not deterred by the bankruptcy filing of one of its restaurant companies. Indeed, the BDC – and sister fund HMS Income – are doubling down and – with an equity partner – acquiring the assets of the bankrupt business.
“Ask and you shall receive”. Hercules sought SBA approval of a new SBIC license back in June and has just received a favorable response. We discuss the implications for Hercules, but also for other BDCs with SBIC ambitions.
Garrison Capital departs the BDC stage.
