A strange day in the markets is dissected by the BDC Reporter. In terms of news, Ares Capital issued new shares to its underwriters and Stellus Capital declared IQ 2022 distributions.
The markets – and the BDC sector – suddenly drop sharply. We also discuss Saratoga Investment’s latest unsecured note offering – instructive in many ways.
Now that Ares Capital has issued and priced its latest share offering we can crunch the numbers from a variety of perspectives.
The BDC rally rolls on, breaking new records. In major news, the leading BDC is selling new stock and a venture debt BDC provides a preview of some key data.
Yet another BDC taps the unsecured debt market at a favorable rate. We review the latest development and analyze the impact on SLR Investment Corp’s borrowing costs.
BDC sector prices break out to a new 52 week high as a rally gains steam. Plus, two BDCs announce distributions and two others divulge new investments and a troubled company gets acquired.
Both the major indices and the BDC sector disappointed on Monday. However, there was plenty of news including two BDCs reporting activity levels, a closed half billion dollar unsecured note offering and two credit updates.
BDC sector prices increased even as most of the major indices faltered. Also, we highlight some interesting conversations and data generated by Saratoga; note Ares Capital’s latest trip to the capital markets and Capital Southwest’s most recent portfolio investment in what was a busy day.
After reading Saratoga Investment’s latest earnings release, 10-Q, Investor Presentation and listening to its conference call, the BDC Reporter discusses the BDC’s short and long term outlook in great detail.
All the markets dropped sharply on Wednesday, including the BDC sector. There was also plenty of news including a departing director; a new portfolio company and an unchanged distribution, not to mention Saratoga’s latest results.
BDC sector prices rose sharply on day two of 2022. One BDC announced a new investment but few details and another amended – in its favor – 4 debt facilities.
First day back and the markets moved up strongly but the BDC sector less so. Also, plenty of new financing activity happening at three BDCs.
Cion Investment receives permission to leverage up its balance sheet. We analyze what that might mean for future earnings and what’s standing in the way.
SLR Investment Corp amends one of its revolvers, slightly reducing its borrowing cost. However, further savings of a more substantial nature are in the cards for 2022.
The major indices slumped just before the close but the BDC sector stood steady. The BDC Reporter kept busy with the review of a new financing facility for a large cap BDC and further credit updates. Plus, we updated the BDC Fixed Income Table.
The Santa Rally rolled on but the BDC sector was left behind again. There was no news but the BDC Reporter undertook interesting research into a small-cap BDC’s portfolio.
BDC sector prices edge upwards as the year draw to a close, not far from their highs. We discuss a market moving analyst call on a large cap BDC and provide some additional food for thought.
Cion Investment announces an unusual new joint venture. We review what we know and what we don’t.
BDC prices continue to rally for a fourth day but remain below record breaking levels. We assess where we stand. Also, a midsized BDC adds a new investment and another seeks “routine” shareholder approval to sell shares at a discount if need be.
BDC prices dropped for the third time in four days. We also discuss a new transaction booked by one BDC and an analyst’s rating of a large cap BDC.
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