The BDC sector is getting left behind as the major indices move up for a third day. Otherwise, BDC news is non-existent ecept for several credit developments affecting multiple players.
The major indices had a rip roaring day but the BDC sector only moved up marginally. There was little news to report except a special dividend from a new BDC and a new deal announcement.
The BDC Reporter has much to say about Golub Capital’s full year and IIIQ 2021 earnings conference call.
The markets – including the BDC sector – stopped worrying about omicron – at least for a day. Prices jumped. In the news, a mid-sized BDC raised new capital for the third time in weeks and a large cap BDC continued to double down on real estate investing.
All the markets, including the BDC sector, bounced back after two days of red ink. In the news, we discuss two BDCs dividend announcements and continue to review the merger of the two SLR BDCs.
Another bad day for the major indices and the BDC sector where prices are concerned. Also, after the close we hear of the planned merger of two existing public players.
November ended badly for the markets and the BDC sector. There was good dividend news from one BDC and a surprising secured facility repayment at another.
After a big drop on Covid variant worries on Friday, Monday saw the major indices – and the BDC sector – regain some lost ground. Also, yet another public Baby bond gets (partly) redeemed; a venture debt player breaks a record and a large cap BDC reports results.
Another day of mixed prices for the major indices and the BDC sector. Otherwise, plenty of debt refinancing activity going on at three different BDCs.
In the first of a two part series theBDC Reporter has an in-depth look at the investment portfolio of Barings BDC, with a focus on underperforming companies.
BDC sector prices were mixed on Monday. News – except for two Baby Bond redemptions – was minimal. Instead, the BDC Reporter has been adding useful data about the NAV and credit histories of the 3 newest public entities added to our coverage.
OFS Capital redeems one of its Baby Bonds. The BDC Reporter updates the number of public debt issues and issuers and projects what the future landscape will look like.
WhiteHorse Finance is beginning the process of raising new unsecured debt and is targeting the redemption of its existing Baby Bond. Early details here.
The month of September ended on a weak note for the major indices and for the BDC sector. We update how the sector performed for the month and the quarter. As to BDC news, there was nothing of significance, but stay tuned in the months ahead…
The markets partly recovered on Wednesday, and the BDC sector also moved up strongly. The only BDC in the news was Newtek Business Services with two notable developments.
The major indices suffer a major one day hit on Tuesday, but the BDC sector is less impacted. Also, two important developments occur where BDC unsecured debt is concerned, both coming and going.
The major indices were mixed and the BDC sector was flat on the opening day of the last week of September. The only news came out of two well regarded venture lending BDCs.
The markets move up for a second cday, with the BDC sector following some way behind. We review several BDC news items – none very important – and have a mouthful to say about the credit outlook for the lower middle market.
The broader indices – and the BDC sector – turned positive on Wednesday. We review the highlights. Also discussed: an analyst call on a popular BDC and at a small player insiders register their shares for a potential public sale.
The BDC Reporter annotates Baring BDC’s discussion of its acquisition of Sierra Income. This is one of the biggest BDC-related transactions of 2021 and involves multiple moving parts.
