We begin by describing how the BDC sector held up price-wise for the week. We follow up with our thoughts about what might happen to the BDC sector in the critical quarters to come.
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
The BDC sector moved up in price very sharply in the week ended October 28, 2022. Will that continue ? We have thoughts.
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.
Ares Capital has held its IIIQ 2022 conference call. The BDC Reporter found much to say about the transcript of the meeting.
The major indices shot up on Tuesday but the BDC sector went one better on the first day of BDC earnings season, and we think we know why.
Everything is coming up roses where the major indices and the BDC sector are concerned on the first day of the week. BDC Fixed Income prices are also on the rise, even as yields inch higher. Tomorrow BDC earnings season begins…
A photography-oriented portfolio company of Prospect Capital is downgraded, which may result in a lower value or even a default.
Surprisingly M&A activity continues to be strong in the IVQ 2022. We discuss the implications for the BDC sector.