Harvest Capital has provided some updates on underperforming portfolio companies in advance of its merger with Portman Ridge. We use the opportunity to review the BDC’s credit position.
Harvest Capital is to merge into Portman Ridge, continuing a public BDC consolidation process. We analyze what we know about the merger but also look at the bigger picture of a changing BDC landscape.
TriplePoint Venture Growth announces a special distribution for 2020. The BDC Reporter takes the opportunity to review the BDC’s gains and losses in 2020 and to predict what 2021 might bring.
A portfolio company of Medley Capital is involved in Operation Warp Speed. We discuss the possible implications for the BDC’s shareholders.
With less than two weeks till year end BDC Fixed Income prices remain at record YTD levels. The BDC Reporter compares where we currently stand with year-end results back to 2017, but we also speculate about what happens to the public BDC Fixed Income segment in 2021.
The BDC common stock rally is over for the moment. The BDC Reporter sums up the year with two weeks left in 2020 and muses about how 2021 might be different.
Fidus Investment issues new unsecured debt which breaks new ground in terms of pricing and size.
TriplePoint Venture Growth extends and expands its Revolver. The BDC Reporter discusses the broader implications of this routine move.
As expected, Barings BDC does not intend to hold onto MVC Capital’s only Baby Bond (MVCD) once MVC Capital has been acquired. We learn what Barings has in mind for MVCD, which includes a little surprise.
The BDC Reporter has de-constructed Medley Capital’s large cohort of underperforming portfolio companies to ascertain what value remains in this worst performing BDC.
The BDC common stock rally may have hit the pause button, but the Fixed Income sector marches on and may end up higher by year’s end.
The BDC price rally comes to a halt after five weeks. We discuss some of the winners and losers in the week and the outlook for the rest of the year.
Medley Capital closes BDC earnings season with predictably poor results and leaves the BDC Reporter rhetorically asking: “What’s next ?”
We review Capital Southwest’s latest change to its Revolver and the implications for the BDC’s balance sheet going forward.
The BDC Reporter annotates BlackRock Capital’s conference call transcript regarding anything related to credit following a disastrous IIIQ 2020 performance.
Gladstone Capital taps a buoyant market for new unsecured BDC debt. We analyze the impact on GLAD’s capitalization, liquidity and earnings and on the broader BDC fixed income market.
The BDC Reporter annotates Barings BDC’s IIIQ 2020 conference call transcript, but only where credit issues are concerned. Second in a series.
BDC Fixed Income prices remain at post-Covid highs and new issuance robust. The BDC Reporter looks back on a difficult year for debt investors and comes to a couple of heartening conclusions.
Week Five of the BDC rally and everything is awesome…The BDC Reporter counts the ways but also offers up some countervailing thoughts not in the spirit of the season.
The BDC Reporter tries something new: annotating and commenting on the sections of BDC conference call transcripts that deal with credit matters. First up: Gladstone Investment.