Bain Capital Specialty Finance had a good third quarter 2020 by all measures but – burdened by the mistakes of the past – the outlook for the dividend remains gloomy.
BlackRock Capital Investment – despite bearing a highly respected name – had yet another poor quarter – possibly the worst of any public BDC.
The best performing BDC common stock of 2020 – Horizon Technology Finance – hits a speed bump with its IIIQ 2020 results.
As expected, S&P has granted Prospect Capital’s new Perpetual Preferred offering a BB rating. The BDC Reporter digs into the Prospectus to discuss the implications for all stakeholders of the controversial BDC.
BlackRock TCP Capital may not be back to its pre-Covid earnings and dividend level but another positive quarter is in the rear view mirror.
A bad week for BDC common stock prices but OK for debt investors. However, the week ahead could provide more turmoil and test BDC Fixed Income for a third time in eight years.
This was a miserable week price-wise for BDC common stock investors. Just how bad ? The BDC Reporter spells out the damage and frets about the days ahead.
For Stellus Capital Investment the IIIQ 2020 was not very different than the prior quarter.
A calendar reminder about Great Elm Corporation’s upcoming IIIQ 2020 earnings release, which could be very informative.
Main Street is not deterred by the bankruptcy filing of one of its restaurant companies. Indeed, the BDC – and sister fund HMS Income – are doubling down and – with an equity partner – acquiring the assets of the bankrupt business.
“Ask and you shall receive”. Hercules sought SBA approval of a new SBIC license back in June and has just received a favorable response. We discuss the implications for Hercules, but also for other BDCs with SBIC ambitions.
The two public BDCs managed by Oaktree Capital are going to merge in a transaction that will be favorable to Oaktree and – to a lesser degree – to the two sets of shareholders involved.
This quarter, instead of annotating BDC conference call transcripts, we’re experimenting with providing our view of the highlights, and offer up a selection of key quotes. We begin with the Ares Capital IIIQ 2020 conclave.