Cion Investment receives permission to leverage up its balance sheet. We analyze what that might mean for future earnings and what’s standing in the way.
SLR Investment Corp amends one of its revolvers, slightly reducing its borrowing cost. However, further savings of a more substantial nature are in the cards for 2022.
In December, BDC Fixed Income prices rose even as the number of public issues dropped. We review the latest data and how this segment of the debt market has evolved since 2012 and what is likely to lie ahead.
In the final two weeks of the year, the BDC sector closed strongly, near its highest levels. We review both the latest data and the full year metrics and take a stab at a 2022 forecast.
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.
Cion Investment announces an unusual new joint venture. We review what we know and what we don’t.
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 are falling fast and across the board. We discuss if we’re about to hit a new air pocket and what that might mean for BDC investors.
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.
The markets – and the BDC sector – bounce back from omicron worries. With 3 weeks to go in 2021, we review some of the favorable factors keeping BDC prices high, even if off its peak.
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 BDC Reporter has much to say about Golub Capital’s full year and IIIQ 2021 earnings conference call.
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.
BDC fixed income prices remained unchanged in the month of November. The size of the sector continues to shrink with multiple full or partial redemptions changing the landscape.