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.
With Omicron dominating the headlines, the BDC sector dropped in price during the week, but remains close to its highest levels. We discuss why much of a pullback is unlikely over the next couple of years.
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.
On the last day of the week, the markets – and the BDC sector – were roiled by a new Covid threat. We discuss the impact of BDc prices and the possible implications in the days and weeks ahead.
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.
In the first of a two part series theBDC Reporter has an in-depth look at the investment portfolio of Barings BDC, with a focus on underperforming companies.
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.
OFS Capital redeems one of its Baby Bonds. The BDC Reporter updates the number of public debt issues and issuers and projects what the future landscape will look like.
The major indices remained strong but the BDC sector sagged in Week 46 of 2021. With the year-end in sight, the BDC Reporter offers up its outlook for price levels.