Republished from the BDC Credit Reporter: This “Amazon Aggregator” is in deep financial trouble and the latest valuation from one of its 9 BDC lenders has only deepened the gloom and increased the prospect of major losses up ahead.
The Fed caused the BDC sector to drop in price this week. One BDC in particular faced a price plunge but not for anything Chairman Powell said. We discuss what happened and explain why this week’s loss might be the exception rather than the rule going forward.
The BDC Reporter highlights the most interesting items to come out of Capital Southwest’s IVQ 2023 earnings conference call.
Capital Southwest – shortly after reporting its IVQ 2023 results – has reached a new 52-week high. We analyze the reasons why and speculate about how much further the price might rise.
We’re re-launching our weekly Credit Recap feature as a monthly – rather than a weekly. January 2024 has begun with three bankruptcies of BDC-financed companies and two exits.
The BDC rally continued for yet another week and there are no obvious catalysts for a change in direction. We discuss where the sector has been and could be headed to price-wise.
In Part II of our introductory review of new BDC Palmer Square Capital BDC, we forthrightly offer up our views as to its strengths and weaknesses for investors.
There’s a lot to discover about the newest public BDC – which had its IPO just two days ago. Here – In Part I – we cover all the key facts BDC readers will want to know. In Part II, we’ll offer up our opinion on what we’ve learned. Includes a correction we made about the management fee charged.
Three BDCs reached new 52-week highs on Monday January 23, 2024. We analyze the phenomenon; review each BDC’s valuation metrics and consider the implications for BDC investors.
This week, the S&P 500 hit a new record but the BDC sector did not. However, the BDC rally is far from over and has helped bring new BDCs to the IPO market.
All of a sudden there are 4 new public BDCs. Here are some summary details and what this will mean for the sector and its investors.
Main Street is sharing some preliminary results for the IVQ 2023. There’s much to like in this (incomplete) picture.
A new incentive fee and preliminary IVQ 2023 results: there’s a lot to unpack from Golub Capital’s latest press release.
Week two saw BDC sector neither going forward or backwards. One BDC, though, disappointed “The Street” and there was much other news besides.
Saratoga Investment was the first BDC to report IVQ 2023 results and things did not go as planned.
BDC sector prices began the new year strongly, in sharp contrast to the major indices. We review this latest week in the BDC rally and discuss where prices might go – both upwards and downwards.
Our first news story of 2024 is about a portfolio company of Gladstone Capital, which announced what seems like a major organizational change. We tell you as much as we know.
Fifty two weeks of 2023 have come and gone and we can summarize the BDC sector’s key results – which have turned out to be very good. We also take a look at what might transpire next year…
PhenixFIN closes out BDC earnings season by disclosing its fiscal results ended September 30, 2023. There’s much positive news but uncertainties – and losses – linger.
The bulls are everywhere, including in the BDC sector which is close to breaking all sorts of price records. Are we at the peak?