Check out the latest BDC news developments.

We’ve undertaken an in-depth credit review of Saratoga Investment’s credit portfolio through the end of August. Our summary: Pretty, pretty good.

The BDC Reporter experiments with a new format for analyzing and commenting on a BDC’s earnings conference call. We begin with Saratoga Investment who reports one month before the rest of the BDC sector.

Stellus Capital reports its final dividends for 2022. This is an opportunity to review what the outlook for the BDC’s might look like in the year(s) ahead, even in the face of a prospective recession.

The external manager of a leading BDC is taking on two minority partners. We speculate what this might mean for the BDC’s shareholders now or later.

Saratoga Investment has received a third license from the SBA to issue SBIC debentures. We explain why this is a feather in the cap for the BDC.

Carlyle Secured Lending has just quietly announced the departure of both its CEO and President. We review what we know.

Yet another BDC raises its regular distribution. This time it’s Capital Southwest. We discuss the background to this second increase in so many quarters and what might happen next to the BDC’s payout.

New-ish BDC Trinity Capital has continued to expand and remains optimistic about the sector as discussed – amongst other issues – on its IIQ 2022 earnings conference call.

Trinity Capital increases its distribution level. Again. We review the numbers, the dividend and earnings outlook and how the market has responded to this newer public BDC.

In a surprising – but not controversial – move, Oaktree Specialty Lending announces its intention to merge with a sister non-traded BDC. We review the key elements of the deal and the one disappointing element in the proposed deal.