The BDC fixed income sector brought all sorts of records this week with more likely to follow in the months ahead.
With BDC earnings season right around the corner, sector prices were mostly unchanged. We review some of the exceptions and look ahead to what’s coming up next week.
The BDC Reporter annotates the conference call discussing the proposed change of external manager at Capitala Finance and has some tough-to-swallow conclusions for shareholders of the BDC.
Out of the blue a BDC seeks to switch managers and two others prepare to merge, but all are related.
The BDC Reporter has several breaking BDC-related news stories to discuss in our daily summary, plus two important credit developments.
We review how a BDC stock dropped like a stone and analyze the latest unsecured debt offering of one of the largest players.
The new week begins with developments at two large-cap BDCs, a IQ 2021earnings preview for a small venture-debt BDC and word on who we’ll tackle next.
The BDC Reporter previews what we’ll be looking for in Horizon Technology’s upcoming IQ 2021 results.
BDC Fixed Income prices quietly reach a new record and PennantPark issues new unsecured debt that might – or might not – redeem its public Baby Bond.
As the BDC sector reaches historic price heights, the BDC Reporter is worrying a lot more.
No news to discuss on the last day of the week but the BDC Reporter will be preparing BDC previews for IQ 2021 earnings season,less than a fortnight away.
There are 4 news item on the agenda from the BDC sector on Thursday April 15, 2021 and the completion of a two part credit review of the largest BDC player.
We’ve made a tiny correction to Part II of the Ares Capital IVQ 2020 credit review, which appears in the first sentence.
In Part II of the Ares Capital IVQ 2020 credit review, the BDC Reporter looks at the BDC’s underperforming companies whose debt is still current and draws some overall conclusions.
We plumb two BDC proxies for valuable data and ask some hard questions as well as preview IQ 2021 results of a mid-sized BDC.
Here is the first part of a two part credit review of Ares Capital. The BDC’s own numbers suggest credit conditions remain far worse than before the pandemic. We also review all the major non performing portfolio companies one by one.
The BDC market hits new highs and two BDCs have routine developments that we briefly review.
At the beginning of a new week, there are a couple of BDC developments to review.
BDC fixed income prices remained essentially unchanged but there were several notable news developments in the sector during the week.
Months into the BDC rally, another price surge occurs. We review the details and who were the winners and the (very few) losers.