A busy week beckons for the BDC sector, with earnings season wrapping up as well as the Medley mergers. Also, the capital markets are open, but will anyone walk through the door ?
A BDC reaches a new 52 week high and trades at a premium to book.
MVC Capital has reported quarterly results ended January 2019. The BDC Reporter points out and dissects the most important items in the 10-Q and offers our ratings for the BDC’s debt and equity.
BDC Fixed Income prices continue to scratch their way higher, as we compare results against recent and longer term performance. One BDC uses the opportunity to raise unsecured debt. Will others shortly follow ?
A second week of a weaker BDC sector. We paint the picture and seek to ascertain where we are and most likely to be headed. Spoiler alert: Much hand wringing involved.
The first Conference Call of Bain Capital Specialty Finance as a public company and the first annotated transcript by the BDC Reporter.
The latest on the Medley Capital merger vote.
BlackRock Capital Investment reports its results and holds a Conference Call. The BDC Reporter annotates the transcript and questions what is going on strategically and in credit quality.
THL Credit makes a change in its dividend and compensation. The latter could have reverberations across the BDC sector.
The BDC Reporter annotates the just released transcript of Capitala Finance’s earnings Conference Call and has a different perspective on a few items.
A very busy week ahead for BDC investors including fast moving prices; eleven new earnings releases and the vote on whether Medley Capital will merge into Sierra Income. We pledge to keep readers updated as a critical week unfolds.
The BDC Fixed Income sector – like BDC common stocks – takes a break from rallying, but creates an opening for a new unsecured debt issuance.
The BDC common stock rally went into reverse in the week ended March 1. Are we done moving up or is this just a refreshing pause before finding new heights to climb ?
We’ve been feverishly reviewing BDC earnings reports and reading Conference Call transcripts. Here’s what we learned – and what we think about – BlackRock TCP Capital’s uneventful fourth quarter. Plenty to chew on.
Within a few hours of Oxford Square Capital’s IVQ 2018 Conference Call, the BDC Reporter has annotated the text with notes and commentary.
We re-publish a post from our BDC Best Ideas Newsletter about KCAP Financial, following the IVQ 2018 results release.
Moody’s has named the 17 top candidates amongst retail names to file bankruptcy in 2019. The BDC Reporter analyzes how BDC lenders might fare if the worst comes to pass.
The BDC Reporter reviews the credit performance, outlook and profile of PennantPark Floating Rate, following IVQ 2018 results
A rural telecom company files Chapter 11. We review BDC exposure and potential impact on income and book value.
Institutional Shareholder Services seems to have turned its thumb down – for a second time – on the three way Medley company merger, according to a dissident shareholder. We annotate, analyze and throw out a couple of warnings you may not be expecting.