The BDC Reporter reviews newly-public Owl Rock Capital’s dividend policy and explains how the BDC handles its distributions could affect shareholder returns for years to come.
Medley Management quietly announces that millions of shares in Medley Capital held in a special purpose vehicle their principals control are being “put” to their owners. Therein hangs a tale that dates back several years and which the BDC Reporter has been covering throughout.
We re-publish a post from the BDC Credit Reporter regarding the latest bankruptcy filing of a BDC-financed company, and review the implications for the public and non-listed BDC lenders involved.
We preview what will be an important quarter for Monroe Capital when IIIQ 2019 earnings are released November 6.
We review price developments and new issuance in the BDC Fixed Income segment for the week ended October 25, 2019.
The major indices and BDC sector prices are all moved together in the week ended October 25, 2019. We discuss market conditions and the most important development of the week: New Mountain Finance’s equity raise.
Venture-debt focused Horizon Technology will be reporting results on October 30, 2019. We preview three key issues to keep track of.
The BDC Reporter discusses 2 key issues to look out for when THL Credit reports third quarter results.
The BDC Reporter discusses three key issues to look out for when the most recently public BDC – Owl Rock Capital – reports third quarter 2019 results.
We highlight current trends in the CLO market that might impact BDCs in the upcoming earnings season. We focus on 3 BDCs in particular.
The BDC Fixed Income median price barely changed for the week, but there was a shift among issues trading below par. Otherwise, new issue activity remained high and more is promised. It’s been a busy month for BDC unsecured debt and for the Reporter.
Where the S&P index goes, the BDC sector follows – this week at least. The future direction will be determined by BDC earnings. Earnings will be shaped by credit performance. We discuss both in a wide ranging discussion illustrated with a great deal of exclusive data from the BDC Reporter.
The BDC Reporter discusses 4 key issues to look out for when Fidus Investment reports third quarter results.
The BDC Reporter compares what we had expected to happen at Fidus Investment before the second quarter 2019 results with what actually occurred. Coming next: the IIIQ 2019 Earnings Preview for Fidus.
Main Street Capital formally announced its expected second “supplemental” distribution, capping out a 5th year of an increasing pay-out. The BDC Reporter, though, worries that the popular BDC’s distribution streak might be in jeopardy, as we explain in great detail.
The BDC Reporter discusses 4 key issues to look out for when Carlyle-managed TCG BDC reports third quarter results. This could prove an important for the relatively recently public BDC with a new CEO recently appointed.
MVC Capital surprises the BDC Reporter and increases its regular distribution before we expected. We review the details and discuss the pay-out increase in the context of MVC’s stock price and Baby Bond borrowings.
Medley Capital announces no “superior buyer” has been found by its investment banker Houlihan Lokey and the Board is – once again – recommending to the BDC’s shareholders a merger into Sierra Income. We review the latest developments and who might be the likely winners and losers.
The BDC Reporter undertakes a credit review of Saratoga Investment following the publication of its fiscal second quarter results.
BDC Fixed Income prices didn’t change much on the week, but the capital markets for new unsecured debt issuance were very busy and the BDC Fixed Income landscape is rapidly changing.