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.
BDC prices bounced back somewhat in this holiday shortened week but question marks remain about what comes next as everything remains unresolved.
Encouragingly for many BDCs the market for raising unsecured debt from institutional investors has re-opened of late. We review New Mountain Finance’s recent note issuance, but explain that this is a marathon not a sprint.
The BDC Reporter continues to undertake deep-dive credit reviews. This time, we analyzed where Bain Capital Specialty Finance stood as of the IQ 2022.
With a recession promised, we’re reviewing existing BDC portfolios from a credit standpoint all the more carefully. There have been recent developments at Apollo Investment – not all of them favorable – but the BDC Reporter comes away relatively optimistic from our credit deep dive.
As we reach the mid-point of 2022, BDC stocks had their worst week since the even darker days of the pandemic. The BDC Reporter offers up its view on whether the markets are overshooting to the downside. Warning: it’s a complicated answer.
We continue to expand and improve the BDC Fixed Income Table in light of changes in the debt market and the likelihood that publicly traded unsecured BDC debt will be with us for many years to come and may yet grow back in importance.
Not for the first time Great Elm Capital has raised additional equity in a Rights Offering. We analyze what the BDC’s metrics look like post-raise and what could happen to the dividend and asset coverage.
A bad week for the major indices was less so for the BDC sector. We explain how, and speculate as to why.
Horizon Technology Finance is back in what has been a moribund public market for unsecured medium term debt. We discuss the likely reasoning for the move and the implications for the sector as a whole.