All the markets dropped sharply on Wednesday, including the BDC sector. There was also plenty of news including a departing director; a new portfolio company and an unchanged distribution, not to mention Saratoga’s latest results.
BDC sector prices rose sharply on day two of 2022. One BDC announced a new investment but few details and another amended – in its favor – 4 debt facilities.
First day back and the markets moved up strongly but the BDC sector less so. Also, plenty of new financing activity happening at three BDCs.
The major indices slumped just before the close but the BDC sector stood steady. The BDC Reporter kept busy with the review of a new financing facility for a large cap BDC and further credit updates. Plus, we updated the BDC Fixed Income Table.
The Santa Rally rolled on but the BDC sector was left behind again. There was no news but the BDC Reporter undertook interesting research into a small-cap BDC’s portfolio.
BDC sector prices edge upwards as the year draw to a close, not far from their highs. We discuss a market moving analyst call on a large cap BDC and provide some additional food for thought.
BDC prices continue to rally for a fourth day but remain below record breaking levels. We assess where we stand. Also, a midsized BDC adds a new investment and another seeks “routine” shareholder approval to sell shares at a discount if need be.
BDC prices dropped for the third time in four days. We also discuss a new transaction booked by one BDC and an analyst’s rating of a large cap BDC.
In the last two days the BDC sector has been down in price and up again, following the volatility of the major indices. News-wise, the biggest development is yet another unsecured note offering as favorable conditions continue.
All the major indices and the BDC sector dropped in unison on Monday, but remain close to their respective highs. Plus, a large cap BDC adds a new lender.
All the indices were down, including the BDC sector’s. Still, the sector remains up for the month. We review two news stories from Newtek Business and discuss record deal volumes and record low bankruptcies in a BDC context.
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 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.
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.
