BDC prices slip back after several weeks in the black. With 5 weeks left in the year, we assess where the sector stands.
The BDC Reporter offers up highlights from Gladstone Capital’s latest conference call, our conclusions and an edited version of the transcript.
The IIIQ 2022 saw WhiteHorse Finance report very stable results. However, there are clouds on the horizon that might or might not impact the BDC.
Blackstone Secured Lending – on its first anniversary as a public BDC – had a very good IIIQ 2022. Valuation-wise, though, this behemoth of a BDC is under-appreciated.
We discuss why Trinity Capital has announced a stock repurchase program and whether that will revive its out of favor stock price.
We summarize Bain Capital’s IIIQ 2022 performance, offer up areas of concern and review the bDC’s valuation.
Ares Capital returns to the equity markets for yet another secondary. We review the numbers and the implications.
Here are the key issues drawn from Goldman Sachs BDC’s IIIQ 2022 reports and the BDC Reporter’s comments thereon.
The BDC Reporter highlights five key take-aways from Hercules Capital’s just announced results.
BlackRock TCP Capital increases its regular distribution and may need to raise again shortly based on earnings expectations.
A venture debt famous for maintaining a very stable dividend level for years has just announced a big increase for 2023. There may be even more to come.
Main Street’s distribution levels continue to rise, breaking records along the way. We project the BDC’s total payout for 2023 with 2022 in the bag.
Capital Southwest’s IIIQ 2022 earnings conference call makes interesting reading about future earnings, distributions and credit.
We re-publish an article from the BDC Credit Reporter about a portfolio company of Cion Investment which has just filed Chapter 11.
On the last day of the month most of the major indices – and the BDC sector – dropped in price. There’s a lot coming up and both BDC stocks and bonds could head in any direction.
New Mountain Finance is issuing a convertible to tender for a less expensive existing convertible. This is just part of many financing needs facing the BDC in the next 36 months.
We re-publish an article from the BDC Credit Reporter about a Cion Investment portfolio company that may file for bankruptcy
Runway Growth Finance increases its quarterly distribution – again. We discuss what the outlook might be for the 2023 payout and whether the BDC’s fast growth is a positive or negative.
New Mountain Finance is giving an early look at two key IIIQ 2022 metrics.
The major indices were mixed but the BDC sector continued to move up- a little. BDC Fixed Income prices also increased.
