BlackRock TCP Capital may not be back to its pre-Covid earnings and dividend level but another positive quarter is in the rear view mirror.
A bad week for BDC common stock prices but OK for debt investors. However, the week ahead could provide more turmoil and test BDC Fixed Income for a third time in eight years.
This was a miserable week price-wise for BDC common stock investors. Just how bad ? The BDC Reporter spells out the damage and frets about the days ahead.
For Stellus Capital Investment the IIIQ 2020 was not very different than the prior quarter.
We count the many ways Capital Southwest performed well in IIIQ 2020 and one potential cause for concern.
The expectations of the management of Fidus – and the BDC’s result – have swung wildly in the last 6 months. In the IIIQ 2020 most everything’s coming up roses.
A calendar reminder about Great Elm Corporation’s upcoming IIIQ 2020 earnings release, which could be very informative.
Going by the key metrics Hercules Capital had a good IIIQ 2020, with one notable exception. The BDC Reporter has a first look.
Main Street is not deterred by the bankruptcy filing of one of its restaurant companies. Indeed, the BDC – and sister fund HMS Income – are doubling down and – with an equity partner – acquiring the assets of the bankrupt business.
“Ask and you shall receive”. Hercules sought SBA approval of a new SBIC license back in June and has just received a favorable response. We discuss the implications for Hercules, but also for other BDCs with SBIC ambitions.
The two public BDCs managed by Oaktree Capital are going to merge in a transaction that will be favorable to Oaktree and – to a lesser degree – to the two sets of shareholders involved.
Garrison Capital departs the BDC stage.
This quarter, instead of annotating BDC conference call transcripts, we’re experimenting with providing our view of the highlights, and offer up a selection of key quotes. We begin with the Ares Capital IIIQ 2020 conclave.
Oxford Square Capital’s IIIQ 2020 results were better than the prior quarter in one respect but worse in another. Everything else was mostly unchanged.
Prior to the conference call, the BDC Reporter summarizes Ares Capital’s third quarter 2020 results from a reading of the press release and a quick glance at the 10-Q.
As October draws to a close, a new BDC-financed company files for Chapter 11. We re-publish an article from the BDC Credit Reporter and put this bankruptcy in context for a difficult year in credit.
All quiet on the BDC Fixed Income price front but both this week and next plenty of news stories to discuss, weigh and place into context.
For a third week in a row, BDC sector prices are down on the eve of earnings season. Also discussed: the growth in size of the larger BDCs and what that might mean for shareholders, inspired by Goldman Sachs BDC’s just completed merger with a sister fund.
The parent of Crescent Capital BDC’s external manager is being acquired by a trillion dollar financial services company. We review the details and what the implications are for the public BDC’s shareholders only months after going public.
Medley Capital announces the redemption of one of its two remaining Baby Bonds. The BDC Reporter discusses the implications for the BDC’s shareholders and remaining bond holders.