The BDC Reporter returns from listening to a top notch economist with lots of notes, and thoughts about the implications for the BDC sector. Not our usual sort of article but touching on some big issues most readers are interested in.
The BDC Reporter republishes and annotates an important article by S&P Global Market Intelligence regarding weakening metrics of leveraged borrowers. We seek to add a BDC perspective and share some of our proprietary research on credit trends.
A BDC whose Dividend Outlook we had rated as UNCHANGED has just announced a pay-out increase. We discuss the amounts involved and the outlook going forward.
The BDC Reporter circles back to an article we wrote about Capitala Finance that explains why the BDC’s stock price has been in free fall, and looks forward to what might happen in the weeks ahead.
Capitala Finance wins a round in a long standing lawsuit with disgruntled shareholders. We use the opportunity to offer insights – drawn from the judge Kenneth Bell’s Order – into how securities laws have impacted a BDC. Instructive both where CPTA is concerned and more generally for all BDC investors.
We extract the key elements from the text of Gladstone Investment’s transcript of its annual shareholder meeting for shareholders interested in keeping up with the latest developments.
The BDC Reporter extracts two key items from Solar Senior Capital’s just published 34 page Proxy filing.
The BDC Reporter reviews in great detail the credit performance and outlook of Medley Capital following the publication of the second quarter results. The value of the portfolio is a critical element of the two different transactions currently being weighed by the BDC.
A BDC portfolio company is being acquired and two BDCs with warrants are likely to book a healthy gain.
We review the details of the just proposed merger of Alcentra Capital into soon-to-be public Crescent Capital BDC; discuss what the combined entity might look like and what it’s credit challenges and financial performance might look like going forward. And much more.
We reprint a post from our sister publication about a major BDC portfolio company that’s mulling a Chapter 11 filing, and the implications for the three BDCs involved.
Once again, the BDC Reporter summarizes some of the key developments lifted from the BDC Credit Reporter.
The BDC Reporter highlights how readers can use our multiple Investment Tools when analyzing BDC Fixed Income; reviewing the outlook for dividends and ascertaining the impact of the SBCAA. Most of all, we introduce readers to our enlarged BDC Earnings Table, intended to provide an array of insights in advance of the flood of BDC earnings releases beginning in a few days.
As we reported a month ago, non-traded BDC behemoth Owl Rock Capital has come to the public markets. We provide some basic info on the offering; a miscellany of additional information and a promise to undertake an in-depth review when the first earnings report comes round.
A BDC portfolio company receives an injection of new capital, which should accelerate growth plans.
A major risks solutions company, to which 5 different BDCS have nearly $100mn of exposure to, has been acquired. We review impact on the BDCs involved.
The BDC Fixed Income sector continues to trade at record high levels, but there are two exceptions which bear watching, and which could yet give the segment a black eye.
A new non-traded BDC is making the move to the public market: Owl Rock Capital. The BDC Reporter takes a first quick look at what might shortly become the fourth sixth BDC we track.
We annotate the press release by NexPoint Capital after losing a key shareholder vote at Medley Capital and list out the many uncertainties remaining before the fate of the BDC will be known.
The impact of the Small Business Credit Availability Act is beginning to be felt in the BDC sector, as we illustrate from our research. Time for a new article series from the BDC Reporter.
