We annotate Ares Capital’s IIQ 2022 earnings conference call with analysis and commentary.
The BDC rally continues for yet another week, boosted by sentiment across all markets and higher earnings from rate increases. We review the data and discuss the alternative scenarios going forward over various time frames.
We re-publish an article from the BDC Credit Reporter about a non performing portfolio company of both Ares Capital and SLR Investment. We focus mostly on the possible impact of the company’s valuation on SLR Investment, which has not yet reported IIQ 2022 results.
After hours on Thursday, Ares Capital announces its intention to raise additional equity capital. The BDC Reporter evaluates the new initiative on the fly and before the pricing is even set.
Investors are in an optimistic mood, as reflected in all markets – including the BDC sector – this week. We review the numbers and go on to warn that ups and downs of 2022 may last for a long time yet. The upcoming IIQ 2022 BDC earnings season may prove more confusing than illuminating.
Runway Growth Finance has taken another step forward in its ambitious expansion plans, tapping the publicly traded unsecured debt market. We review what the BDC has done and how this fits into a bigger picture.
Trinity Capital is in fast growth mode and is raising additional unsecured debt by tapping the public market for the first time. An important development both for the BDC and BDC debt investors who have had little in the way of new issues to choose from of late.
The BDC Reporter previews what investors might expect from Hercules Capital’s IIQ 2022 results – scheduled to land on July 28.
The BDC Reporter discusses a number of changes to the BDC Fixed Income Table and reviews recent price changes as well.
BDC prices could not continue their winning price streak. We review the numbers and discuss what we’ll be most looking out for when BDC earnings season begins in two weeks time.
The BDC Reporter previews an important IIQ 2022 earnings release for a newly enlarged SLR Investment, discussing all the key moving parts involved.
We preview what to expect from Ares Capital when the leading BDC reports IIQ 2022 results on July 26.
BDC prices increase for a third week in a row. We discuss the details and offer up the BDC Reporter’s unalloyed view of how this might all play out. Spoiler alert: Patience will be required.
Saratoga Investment has just reported IIQ 2022 results and we’ve learned about a new underperforming portfolio company. Here are the details re-published from the BDC Credit Reporter.
A day after the BDC Reporter previewed Saratoga Investment’s IIQ 2d022 results, we are comparing what we expected with what actually happened.
The BDC Reporter previews the key issues facing Saratoga Investment in advance of the publication of its calendar second quarter 2022 results.
Once again, the BDC Reporter has added new content to the BDC Fixed Income Table as a new issue has come to market. We also review recent market conditions for unsecured debt.
BDC stock prices behaved inconsistently as we reached the half-year mark. We review the weekly, quarterly, six month and full year numbers and discuss what the coming earnings season might tell us.
A finance company subsidiary of Owl Rock Capital makes an acquisition. We explore the consequences for the BDC and what transactions like these tell us about an evolving BDC sector.
We’ve learned more about Blackstone Secured Lending Fund following the IQ 2022 conference call, and after a close look at its huge portfolio. Is the new-ish public BDC recession ready ? We have a great deal to say on the subject.