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.
A compendium of all the developments involving the BDC sector in the week ended July 31, 2020.
In the midst of earning season, Capital Southwest opens its mail and receives a welcome “Green Light” letter from the SBA. We explain why this is important news for the BDC.
The BDC Reporter annotates the BlackRock Capital IIQ 2020 conference call transcript, including debating some of the premises offered up by management after another disappointing quarter.
A first look at Stellus Capital’s IIQ 2020 results and a change iin the BDC Reporter’s rating of the BDC’s liquidity.
A first look at troubled BDC OFS Capital’s IIQ 2020 results.
The BDC Reporter annotates Horizon Technology Finance’s second quarter 2020 conference call transcript, following unexpectedly stellar results.
The famous restaurant chain is the ninth BDC-financed company to file for bankruptcy in July and there are multiple BDCs involved in both the first and second lien debt. Re-published from the BDC Credit Reporter.
The BDC Reporter’s first look at Gladstone Capital’s surprising calendar IIQ 2020 results.
Extracted from the BDC News Feed, first thoughts on BlackRock Capital Investment’s IIQ 2020 results.