This was a historic day as two huge BDCs merged. We review some of the implications for the sector and the shareholders involved. Overall BDC stock prices returned to their winning ways after a one day hiatus.
BDC sector prices dropped moderately on Tuesday, but remain close to their 52 week high. Also, a small BDC returns to the public unsecured debt market while another undertakes a recapitalization of a successful portfolio company.
Main Street Capital provides some basic information about a new transaction with a portfolio company. The BDC Reporter fills in many of the blanks of what seems like a very successful and long standing investment.
BDC common stock prices do not break any new records, but still remain high. Plus, the soon-to-be second largest BDC discloses its debt financing structure.
BDC fixed income prices barely moved this week and there was no news about any public issuer, but we still needed to amend our list of Baby Bonds likely to be redeemed. We explain why.
The BDC Reporter highlights another record week for BDC prices and speculates about what might happen to earnings and net assets in the second quarter of 2021.
BDC stock prices failed to reach a new high but there were multiple other developments, including a major debt financing and a successful portfolio exit, to discuss.
The BDC sector reached yet another price record – the tenth in a row – on a day where one BDC left the scene and another succeeded in reducing its costs once again.
For the ninth day in a row BDC stock prices reach new heights. Otherwise, a mid-sized BDC books a new debt and equity portfolio company and we continue to research credit issues.
BDC sector prices rally for an 8th day. We also learn about a new BDC portfolio company and undertake more credit updates of companies and BDCs.
While BDC common stocks marched on, fixed income prices stayed stable. However, there were a couple of price moves that deserve mention in a week with no other developments.
BDC stock prices continue their phenomenal upward run. We dig into the data for the week and year and the different segments involved, not all of which are moving at the same pace.
BDC stock prices climb for the seventh day in a row to new record highs. Meanwhile two large cap BDCS issue a huge amount of unsecured debt at the same rock bottom yield. Plus, some unusual bad news where credit is concerned…
In a “deja vu all over again” day, BDC prices reach yet another record high. Plus, a troubled borrower gets some breathing room and a leading BDC has a new investment focus.
Yet another BDC price record; three dividend announcements and some credit news and company updates.
BDC prices reached a new apex on a day when a BDC CEO moved on and we learned more about a new portfolio company at another BDC lender.
Not much changed in BDC Fixed Income prices during the week, but there were a series of comings and goings that continues to reshape the sector. Watch out ! There’s more to come.
With BDC common stocks at yet another record price level, we discuss the sustainability of this rally and what could possibly go wrong after 14 months of rises.
BDC sector prices are breaking records again and there are important developments at Capitala Finance and Hercules Capital to discuss.
BDC stock prices climb to a new height. Also, an increased dividend is announced and several last minute disclosures regarding a merger released.