This was a very busy week for the BDC News Feed, so much so that we’re still circling back and providing analysis and commentary about the week’s developments.
As we absorb more credit performance data from the IVQ 2022 and keep-up-to-date with the latest trouble spots, an ever clearer picture is emerging.
Main Street Capital announces an increased distribution payout for the IIQ 2023 than in the prior period. Leaning on our sister publication BDC Best Ideas we consider whether that is as good as it gets, or not ?
In Week 7, the BDC Reporter not only provides a weekly recap of current credit developments but seeks to place the numbers in a broader context.
We assess the likely realized losses to be booked by two BDCs in the wake of a debt-to-equity restructuring of an engineering company.
Another installment of the BDC Daily News: all the developments affecting the sector in Week Three of Earnings Season.
Not satisfied with just gathering data for the BDC NAV Change Table, the BDC Reporter suggests what lessons investors might learn from 5 years of data i n one place.
The credit picture for leveraged finance companies continues to darken and many BDC-financed businesses are involved. We review the details and draw out the broader trends involved from the data we’ve collected on hundreds of underperforming companies.
PennantPark Investment’s NAV Per Share dropped a shocking (14%) in the IVQ 2022. We annotate the conference call and discuss why that happened and what the outlook is for this long-standing BDC.
We bring back the BDC Daily News Feed – a compendium of everything happening in the BDC sector, annotated in almost-real time. We’re keeping very busy and so will our readers.
In Week 5 of 2023, BDC credit conditions remained stable but there were plenty of bankruptcies of non-BDC financed companies.
We begin a series updating the BDC Credit Table as IVQ 2022 data rolls in as part of BDC earnings season. First BDCs to report: Saratoga investment and Capital Southwest.
It was a very good year for Fidus Investment. Now the BDC has decided how to pay out its earnings and shareholders will need to pay attention.
BDC-financed companies faced few credit challenges in the first three weeks of 2023 but in Week 4 conditions sharply deteriorated.
We analyze the preliminary IVQ 2022 results published by PennantPark Floating Rate in the context of the BDC’s current secondary stock offering.
We review the highlights of the merger of Oaktree Specialty Lending with a sister, non-traded BDC and explain how shareholders benefit and don’t.
Bankruptcies and troubled companies are becoming ever more common including where public BDCs are concerned but the level remains “normal”.
Main Street Capital has announced preliminary metrics for the IVQ 2022 and they’re spectacular by BDC standards.
We analyze Ares Capital’s latest secondary stock offering now that the new stock has been priced. We also doff our hat to the BDC and explain why.
We review Saratoga Investment from all sides now following the BDC’s release of its quarterly results through November 2022. This is a chance to determine if the lower middle market focused BDC is worth its ever increasing stock price.
