Oxford Square Capital is the before-last BDC to publish its 2023 results. Our credit review finds deterioration across several different metrics, raising our level of concern about the ability of the BDC to perform normally where credit is concerned.
Oxford Square is paying down more of one of its Baby Bonds. We review the details and what remains.
Oxford Square Capital’s planned Rights Offering did not play out as management must have hoped. Unfortunately, this leaves the BDC’s securities holders with existential questions.
Oxford Square has just launched a transferable subscription rights offering in a bid to raise new equity. The BDC Reporter discusses the high stakes involved.
Smack in the middle of earnings season, Oxford Square has announced a rights offering. As we discuss, this seems like an essential move to shore up the BDC’s much deteriorated capital base but also raises important questions that shareholders will grapple with in the weeks ahead as final details are announced.
Oxford Square reports unchanged earnings and distributions and even an increase in net book value. Is everything tickety-boo at the BDC? The BDC Reporter has thoughts.
The BDC Reporter is focusing its weekly Credit Recap on discussing developments reflected in the BDC Credit Table – an invaluable subscriber tool. We begin with the latest from Oxford Square Capital.
We re-publish an article from the BDC Credit Reporter about the sorry state of a BDC portfolio company held by half a dozen players.
To accompany the BDC Credit Table, the BDC Reporter is adding analysis and commentary about each BDC’s latest credit picture as quarterly results come in. We start with Ares Capital and Oxford Square.
The major indices fell back on Ukraine concerns, but the BDC sector held strong. We update earnings, NAV Per Share and credit results from two BDCs reporting IVQ 2021 results.
For a second day in a row, the BDC sector failed to follow the major indices upward. Also, BDC earnings season begins with high expectations and three BDCs do not disappoint. There’s other news besides on a busy day for BDCs.
The markets move up for a second cday, with the BDC sector following some way behind. We review several BDC news items – none very important – and have a mouthful to say about the credit outlook for the lower middle market.
BDC prices – but not the major indices – hit an air pocket. We speculate as to the reasons and explain why we’re not sweating – yet. We also mention some miscellaneous BDC news.
BDC prices slumped slightly on the day. BDC earnings season began with one disappointing result and one as expected. Also, we were surprised by a very inexpensive unsecured debt offering by a well regarded BDC.
The BDC Reporter previews the key questions worth asking when Oxford Square reports IIQ 2021 results.
