The number of issues – and issuers – in the BDC Fixed Income Table continues to increase.We have been updating one of our key Subscriber Tools.
We use the opportunity of WhiteHorse Finance’s new Baby Bond issuance to review recent developments in the BDC fixed income market.
The BDC Reporter provides key highlights from WhiteHorse Finance’s IQ 2023 earnings conference call and offers some concluding thoughts.
The IIIQ 2022 saw WhiteHorse Finance report very stable results. However, there are clouds on the horizon that might or might not impact the BDC.
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.
In December, BDC Fixed Income prices rose even as the number of public issues dropped. We review the latest data and how this segment of the debt market has evolved since 2012 and what is likely to lie ahead.
The major indices slumped just before the close but the BDC sector stood steady. The BDC Reporter kept busy with the review of a new financing facility for a large cap BDC and further credit updates. Plus, we updated the BDC Fixed Income Table.
The markets – including the BDC sector – stopped worrying about omicron – at least for a day. Prices jumped. In the news, a mid-sized BDC raised new capital for the third time in weeks and a large cap BDC continued to double down on real estate investing.
WhiteHorse Finance is beginning the process of raising new unsecured debt and is targeting the redemption of its existing Baby Bond. Early details here.
The broader indices and the BDC sector dropped on Wednesday, with one venture-debt player taking a shellacking. Also, two BDCs are paying off Baby Bonds as the “Great Refinancing” continues.
All the indices pull back from record highs, including the BDC sector. Earnings and dividends continue to be announced, causing one BDC to disappoint investors but most are performing as expected.
The BDC rally marches on, but sector prices remain below the June record. Otherwise, we learn more about a smaller sized BDC’s debt raising plans and review an underperforming portfolio company reaching a decision point that might benefit two of its BDC lenders.
Most of the major indices – and the BDC sector – continue to move upward, closing in or breaking records.Plus, a huge dividend is announced and a secondary offering launched by two mid-sized BDCs.
The major indices jumped up, but the BDC sector stood still on Thursday. We review a new unsecured bond offering and a dividend announcement by two different BDCs.
Neither the major indices nor the BDC sector moved much price-wise, but there was important news about earnings, dividends and financing costs at 3 players.
