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.
After a day away, we publish two days worth of annotated BDC news coming from some of the sector’s most recognizable names.
Based on a recent Bloomberg article, the BDC Reporter compares BDC bankruptcy performance in the IQ 2021 against broader corporate failures. Our conclusion may surprise you.
There are several new BDC developments to report on and new highs were prices are concerned.
The BDC Reporter offers up a long list of BDC developments in the past 24 hours, all annotated. We also discuss the new BDC sector price record.
We re-publish an article from the BDC Credit Reporter about developments at Sequential Brands that could materially impact FS KKR Capital and FS KKR Capital II.
The BDC Reporter previews at the market open what we’re working on for Monday April 5, 2021.
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.