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.
Oxford Square Capital’s IIIQ 2020 results were better than the prior quarter in one respect but worse in another. Everything else was mostly unchanged.
For a third week in a row, BDC sector prices are down on the eve of earnings season. Also discussed: the growth in size of the larger BDCs and what that might mean for shareholders, inspired by Goldman Sachs BDC’s just completed merger with a sister fund.
WhiteHorse Finance issues new unsecured debt. The BDC Reporter has a first look at this surprise new offering.
A portfolio company of Barings BDC files – not unexpectedly – for Chapter 11. The BDC Reporter weighs the impact on the BDC.
A busy week for BDC news including an early bird set of of quarterly results; a lawsuit; a couple of dividend announcements and three significant secured debt amendments.
WhiteHorse Finance announces a special distribution but can the BDC avoid a cut to its long standing regular payout ?
A notable week where BDC developments are concerned, including a historic debt issue and an equity raise brought to a successful – if underwhelming – conclusion.
The third BDC to announce a Rights Offering in the wake of the pandemic has just completed the process: Great Elm Corporation. We take a first look at the numbers involved and will discuss the long term impact in a future article.
Medley Capital’s Board extends an agreement with its manager but has nothing to say about what happens next for the zombie BDC.
A busy week for BDC common stock prices but a quiet one where breaking news was concerned. Still, the BDC Reporter annotated two conference call transcripts and commented on two financing developments.
The biggest news of the week was Investcorp Credit Management’s reporting of its full year and quarterly results. Still, there’s plenty much besides to review in a moderately busy week for the BDC sector.
Ares Capital are picking up where they left off in July and raising additional unsecured debt. We take a peek at the latest Prospectus and the “Subsequent Developments” disclosures as well.
