Trinity Capital announces one quarterly dividend but omits another shareholders were getting used to. We discuss what investors might expect in the rest of the year.
An asset-based lending subsidiary of Hercules Capital is expanding. The BDC Reporter analyzes the move and how the investment has performed over the last 5 years.
Not very surprisingly Sixth Street Specialty claims no material exposure to you-know-who. More intriguing is their discussion of leverage and liquidity which raises sector-wide issues.
Hercules Capital wants its stakeholders to know that the BDC is financially strong, liquid and had no banking relationship with Silicon Valley Bank. As we discuss, this might be a golden opportunity for the BDC, but it might not – depending on the wider fall-out from this crisis.
Runway Growth Finance is the first BDC out of the blocks to comment on the situation following Silicon Valley Bank’s sudden demise.
In a dramatic week thanks to the sudden failure of Silicon Valley Bank, actual credit developments amongst troubled BDC-financed companies were normal. Still, credit matters might be about to change…
After years of not holding an investor call, PhenixFin opted to do so on March 8th. We highlight the main points made and tell you what we’ve learned and what not.
The Fed talks about higher rates for longer – again. All the markets take a dip. This includes the BDC sector – one of the biggest potential beneficiaries. We explain why.
Goldman Sachs BDC has surprised us a little and announced a secondary stock offering. We review the background and the numbers while awaiting the final price.
In a rare occurrence of late, a public BDC has raised unsecured debt. Even more interestingly, the financing is not a standard 5 year, fixed rate instrument. We discuss the implications for both the BDC involved and for the sector.
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.
