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bdcreporter

  1. New comment on Apollo Investment: Is the Picture Clearing Following FY 2012 Results ? bit.ly/Ldjavy 11:37 AM May 24th via BDCReporter
  2. Apollo Investment: Is the Picture Clearing Following FY 2012 Results ? bit.ly/Ldjavy 10:42 AM May 24th via BDCReporter
  3. Fifth Street Finance To Buy-Back Stock bit.ly/Jfk4U8 7:26 AM May 24th via BDCReporter
  4. More ARCC: is an assumption of 5% loan write-off for the JV in a recession reasonable on a portfolio of 30 plus borrowers ? You decide. 3:54 PM May 21st via TwitBird iPad
  5. More ARCC: if the JV writes off,say, 5% of its $5bn in loans or $250mn, ARCC will take a hit of $217mn or 6% of NAV, or over $1 a share. 3:50 PM May 21st via TwitBird iPad
  6. More ARCC: The structure of the JV with GE has ARCC owning 87% of subordinated notes or essentially most of the "first loss" position.More.. 3:39 PM May 21st via TwitBird iPad
  7. ARCC... we worry about outsized impact on ARCC due to size and structure of JV. Even larger sized LBOs can get into trouble... 3:08 PM May 21st via TwitBird iPad
  8. More ARCC: Credit quality of JV investments excellent now. No non accruals + valued (marginally) over cost. In a future recession,though... 3:04 PM May 21st via TwitBird iPad
  9. More ARCC: If we add another $400mn in committed but not invested capital, JV with GE absorbing amount equal to 45% of ARCC's equity.More... 2:59 PM May 21st via TwitBird iPad
  10. More ARCC: After skimming the Prospectus (code for not reading all 200 pages)reminded that JV with GE Capital now 22% of assets.More... 2:51 PM May 21st via TwitBird iPad
  11. Market leader BDC Ares Capital (ARCC)files $3bn shelf offering for any combination of preferred or equity capital. More to follow... 2:45 PM May 21st via TwitBird iPad
  12. More Market: One third (11) of BDCs trading 20% or more below 52 week highs. 10 BDCs still trading less than 10% below high. 1:48 PM May 17th via TwitBird iPad
  13. More Market: Biggest % losers on day: FULL (-4.3%) ,BKCC (-3.7%),FSC (-3.4%). 1:46 PM May 17th via TwitBird iPad
  14. BDC Market Commentary Thursday May 17, 2012: Major downturn with 27 of 31 BDCs down on day. Only up stocks were TAXI,KCAP,NMFC + OXLC 1:42 PM May 17th via TwitBird iPad
  15. Final ARCC: Today's yield on $0.37 quarterly dividend is 9.9%. At October 2011 low: 11.3%. 8:26 AM May 17th via Twitter for Mac
  16. More ARCC: Lowest price last summer was $13.07 August 8, 2011 or 13% lower than today. High 2012 was $16.7 or 12% higher than latest. 8:24 AM May 17th via Twitter for Mac
  17. Ares Capital (ARCC): Stock continues to tumble, down 1.8% today to $14.88. Price not seen since late December 2011. Given up all rally gains 8:22 AM May 17th via Twitter for Mac
  18. More TCPC. Deutsche Bank has Buy on the newly minted BDC, with target price of $16.25. 9:52 PM May 16th via TwitBird iPad
  19. New BDC TCP Capital (TCPC) gets Buy ratings from Stifel Nicolaus and Oppenheimer, both with price targets of $16. Stock closed at $14.5. 9:50 PM May 16th via TwitBird iPad
  20. Ares Capital (ARCC): Follow up on yesterday's tweet on stock price. Dropped again to end at $15.15, down 0.92%from open. 2:34 PM May 16th via Twitter for Mac