The BDC Reporter describes the terrible, horrible, no good week just passed for the BDC sector, but cannot offer much in the way of immediate hope that we are at a turning point yet. As best we can, we look ahead as the extent of the damage to expect comes – very slowly – into focus. There are elegant solutions available here but will either the Federal government or Wall Street be up to the challenge.

What starts out as the BDC Reporter’s estimate of what might happen to Apollo Investment’s book value at the end of the IQ 2020 morphs into ideas about who might be able to save the BDC sector from the dire consequences of the current crisis, and how. A rare instance of the BDC Reporter getting on a soap box, albeit with the best of intentions.

The BDC Reporter re-publishes and annotates an important article in the financial press about an aspect of BDC liquidity in the coronavirus-era.

Great Elm Corporation announced 2019 results and its quarterly dividend. The latter, though, will no longer be paid out 100% in cash… We review the details; the reasons why and the possible consequences for the BDC’s stakeholders and the sector as a whole.

The BDC Reporter analyzes a just-released Main Street Capital press release and seeks to provide some analysis and context about what the BDC is up to in these trying times for lenders and borrowers.

With all markets in uproar – and the BDC sector down by a fifth in two days – we seek to take a fresh look at where the BDC sector stands and where we’re headed in the age of the coronavirus.

The BDC Reporter updates BDC Fixed Income prices after a week of huge – and uncharacteristic moves. We also look ahead to a week where more of the same seems to be in the cards.

The BDC Reporter sums up another remarkable week for BDC sector prices and looks forward at a time of maximum uncertainty.

The BDC Reporter annotates the just published Garrison Capital IVQ 2019 Conference Call transcript.

The BDC Reporter – using the resources of Advantage Data and its own research – analyzes BDC exposure to a segment of the oil & gas industry. Second in a series.

We re-publish an article from the BDC Credit Reporter about the bankruptcy of a BDC-financed retailer. However, our principal purpose is to bring readers attention to a trend developing in BDC investing that could have major consequences for years to come, and which could accelerate in the current environment.

In the first in a series, the BDC Reporter digs into the energy sector SIC code by SIC code to determine what current BDC exposure – in aggregate and by individual BDC – looks like at a time when there are grave doubts about the outlook. We start with SIC code 1382: Oil & Gas Explorers.

BDC Fixed Income prices have held up well during the first two weeks of the market meltdown. However, with changes in interest rate and credit conditions changing quickly, what might happen next to prices and new issuance ?

The BDC Reporter reviews a strange week in the markets as investors switched from rampant optimism back to white knuckled fear. We also offer up our candid view of what might happen next, and our surprise as to how the markets have behaved to date.

The BDC Reporter lets all our readers know how to keep up with the ever changing BDC landscape at this time of high uncertainty.

We re-publish an article from the BDC Credit Reporter about one of four non performing portfolio companies Capitala Capital divested itself of in the IVQ 2019. We discuss the background of the investment and the impact on the BDC.