The BDC Reporter undertakes a full fledged credit review of Capital Southwest as of the IIQ 2021. We both look back on how credit conditions have changed since the pandemic, and look forward as well.
With one day to go in August, BDC stock prices mostly fall, but not very far. Given the calendar – and the end of earnings season – there’s no news to report except that we’re preparing a detailed credit review of a highly popular BDC.
BDC sector prices move up only days after a sharp downturn. We make the case for why BDC investors should remain optimistic.
The upsurge in market – and BDC – prices hits a pause. Also a smaller player sees its stock drop and a large cap BDC wants to buy back its own debt yet again.
The rally in everything – including BDC prices – marches on. Also, two BDCs report results, including NAV Per Share trends headed in different directions and another unsecured debt offering gets closed.
The major indices break new records and the BDC sector is not far behind. We also review a new unsecured debt offering by a mid-sized BDC getting underway and have a look at the high level of deal doing underway in the market.
All major indices – and the BDC sector – moved up in price on Monday. Some records were broken. There was news about an expected reverse stock issuance for a small BDC and lowered financing costs at a major player. We also synthesize several studies to discuss the outlook for leveraged lending, partly leaning on data in the BDC Credit Table.
A wild week for BDC common stock prices, but only a modicum of news. The BDC Reporter covers both both in our weekly recap.
BDC sector prices came roaring back after Thursday’s sharp drop. Otherwise, though, there was little news except that credit conditions continue to improve.
BDC prices – but not the major indices – hit an air pocket. We speculate as to the reasons and explain why we’re not sweating – yet. We also mention some miscellaneous BDC news.
We undertake an in-depth review of Apollo Investment’s portfolio and a multitude of underperforming companies. The BDC Reporter names names and projects what likely ultimate losses might look like.
For a second day, both the major indices and BDC sector prices pull back. Also a larger BDC issues new debt at a very low yield while a peer redeems its Term Preferred, plus another BDC discloses insider ownership
BDC sector prices – and almost every stock – dropped with all the major indices on Tuesday. Otherwise, a popular BDC announced several new investments and the leading BDC received a shareholder nod.
The S&P 500 and the Dow hit new heights but the BDC sector took a step back. Also, one BDC under new management reported intriguing results while another booked a new investment.
Both the major indices and the BDC sector quietly broke new records this week. We review the data and look forward, both in the short and medium term, to what is most likely to happen next.
BDC prices move up for a third day; close on the heels of the major indices. Also we discuss Crescent Capital’s earnings challenge and two developments at Gladstone Investment.
The BDC Reporter uses Bain Capital’s IIQ 2021 conference call transcript to point out the challenges facing the BDC, heavily subsidized by its investment advisor.
The broad indices and BDC sector prices were relatively muted on Wednesday. However, there were two important moves in the BDC fixed income arena getting underway.
BDC common stock prices mostly moved up on Tuesday. We discuss the backstories of several players posting higher prices.
Following its merger and surprise dividend increase, the BDC Reporter annotates the second largest BDC’s IIQ 2021 conference call transcript. Has the BDC undergone a permanent shift for the better or not ?