The BDC Reporter was in two minds about how to rate Bain Capital Specialty Finance’s IIQ 2020 financial performance. We explain the decision made in the context of the information available in the press release and investor presentation, both attached.
BlackRock TCP Capital does everything right in the IIQ 2020 results, with one notable exception. Here is the BDC Reporter’s first look.
The IIQ 2020 results of Portman Ridge Financial contained both positive and less positive developments, as the BDC Reporter found on taking a first look.
The BDC Reporter scores the Barings BDC IIQ 2020 report card after a first look at the earnings release and investor presentation, but before reading the 10-Q or listening to the conference call.
An off-the-cuff look at PennantPark Investment’s IIQ 2020 results before we learn more about its proposed new JV is spun off.
The BDC Reporter annotates the Ares Capital IIQ 2020 conference call transcript.
Just one item is missing in Owl Rock’s favorable IIQ 2020 results, says the BDC Reporter after reading the press release. Coming up shortly: an in-depth review.
Capitala Finance’s IIQ 2020 results failed to impress the BDC Reporter even if a couple of metrics headed in the right direction. Here is our First Look drawn from the BDC News Feed and more will follow after the conference call is held.
PennantPark Investment is undertaking an unusual spin-off of some of its assets into a new joint venture vehicle. The BDC Reporter is left uncertain after a first look.
Ares Capital releases as expected IIQ 2020 results. As the BDC Reporter explains, though, earnings performance could have been much better if not for one item.
One of the larger New Mountain Finance portfolio companies that was performing normally as recently as year end has filed for Chapter 11. We bring readers up to date with an article re-published from the BDC Credit Reporter written just hours after the filing.
Prospect Capital – always marching to its own drummer – is launching the first Perpetual Preferred in the BDC sector. Here are the BDC Reporter’s first thoughts on this important, potential market moving development, drawn from the BDC News Feed.
An initial look at Capital Southwest’s calendar second quarter 2020 results in advance of reading the 10-Q, Investor Presentation and conference call transcript.
A TCG BDC Inc. portfolio company files for Chapter 11, which may result in material realized losses shortly. Re-published from the BDC Credit Reporter with a foreword from the BDC Reporter.
The BDC Reporter annotates Stellus Capital’s IIQ 2020 conference call transcript and finds many positive developments as well as some things to worry about.
Over the weekend a major portfolio company of FS KKR Capital and recently public FS KKR Capital II filed for bankruptcy. Both sister BDCs have substantial exposure.
The first BDC-financed company has filed for bankruptcy in August. The only BDC with exposure is Barings BDC.
The BDC Fixed Income segment reaches a historic price milestone this week. We also look at what happened to the debt price levels of the BDCs that reported results in the first week of earnings season and look towards the week ahead which has one notably challenged player.
The BDC Reporter annotates OFS Capital’s IIQ 2020 conference call transcript. We review a multitude of subjects, including the BDC’s liquidity of which there may be less than meets the eye.
In the first week of second quarter BDC earnings season, sector prices were relatively tame, even positive. Take a longer perspective, though, and the picture is less encouraging for BDC investors.