BDc Fixed Income prices are getting very close to returning to par pricing, or better. Still, a few BDC issuers have been left behind, as discussed herein. The future for BDC unsecured debt issuance, though, looks bright.
With a little bit more time on our hands, we take a first look at recently renamed and re-branded First Eagle Alternative Capital BDC (yes, that is the full name given) after second quarter 2020 results are posted. Unfortunately, we worry that the future might be like the past.
Monroe Capital’s second quarter 2020 results were boosted by a one time gain, but progress is undeniable. However, questions remain about what lies ahead.
Great Elm’s second quarter 2020 results were not encouraging. The BDC continues to face major challenges and management is mulling a change in strategy…
The second week of BDC earnings season was received warmly by investors in just about all cases. The BDC Reporter discusses the key movers and projects what might happen through the rest of 2020.
The BDC Reporter scores Medley Capital’s IIQ 2020 results report card with a rating higher than you might have expected.
The BDC Reporter annotates the Apollo Investment IIQ 2020 conference call transcript after another poor quarter and a major dividend cut.
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.