No kidding. The BDC fixed income market reached a new 2021 high on April 1.
After a moment of doubt a fortnight ago, BDC sector prices climb back towards their 2021 peak.
The BDC Reporter previews shortly after the market open what we’re working on for April 1, 2021.
The BDC Reporter undertakes a detailed credit review of Capitala Finance.
The BDC Reporter previews at the market open what we’re working on for Wednesday March 31, 2021.
The BDC Reporter undertakes a detailed credit review of Capital Southwest Corporation.
The BDC Reporter previews at the market open what we’re working on for Tuesday March 30, 2021.
The BDC Reporter undertakes a detailed credit review of WhiteHorse Finance.
The BDC Reporter previews at the market open what we’re working on for Monday March 29, 2021.
BDC fixed income prices remained strong but the most notable development was a new question mark over the future of publicly traded BDC unsecured debt.
BDC prices bent during the week but did not break. With 2020 BDC earnings season behind us, the BDC Reporter looks ahead.
Investcorp Credit Management BDC issues new unsecured debt to refinance its only Baby Bond outstanding. We discuss the impact and implications.
Horizon Technology Finance is refinancing its existing only Baby Bond with a new public issue. We analyze the impact on leverage, liquidity and earnings.
Barings BDC closes out IVQ 2020 BDC earnings season.
Saratoga Investment raises its quarterly dividend by one cent. Again.
In most ways Oxford Square Capital performed well in the IVQ 2020 but the BDC Reporter has some concerns and a big question left unanswered.
Price-wise, the BDC fixed income sector was must unchanged on the week.
For the first time in seven weeks, BDC sector prices dropped, but not much. We also discuss recent developments at BlackRock Capital and Sixth Street Specialty.
Corrected: PennantPark Floating Rate issues new unsecured notes. The BDC Reporter analyzes the pro-forma impact on the balance sheet and earnings.
A famous retailer – just out of bankruptcy is poised to tap the capital markets. Sixth Street Specialty Lending appears poised to benefit.