Record growth in Canada's venture capital industry in 2021, with 10-year returns at 14%: BDC Capital study may 24, 2022 BDC recertifies as a B Corp for the third time base and other limitations. Crescent Capital BDC, Inc. Reports December 31, 2021 Financial Results; Declares a First Quarter 2022 Regular Dividend of $0.41 per Share . NEW YORK, Feb. 23, 2021 (GLOBE NEWSWIRE) -- TCG BDC, Inc. (together with its consolidated subsidiaries, "we," "us," "our," "TCG BDC" or the "Company") (NASDAQ: CGBD) today announced its financial results for its fourth quarter ended December 31, 2020. For the three months ended March 31, 2021, the weighted average interest rate on debt outstanding was 3.2%, as compared to 3.2% for the three months ended December 31, 2020. | May 3, 2022 Pricing: BDC Floating Base Rate minus 1.75%. (the "HSBC Amendment") commencing on December 31, 2020 until December 31, 2021, as well as other . 98.5%. The Net Assets increased by $0.612mil or 0.56% for the quarter ended December 31, 2020. . Percentage of debt investments at floating rates. Maturity and Conversion: The convertible notes will have a term of three years. "Based on a net asset value rebound and the overearning of our base dividend this quarter, our board declared a supplemental . Dividend Declarations Ares Capital Corporation ("Ares Capital") (NASDAQ: ARCC) announced that its Board of Directors has declared a first quarter dividend of $0.40 per share. ; As of December 31, 2019, there was one portfolio company on non-accrual status. Wed, Dec 15, 1:05 PM: The prime rate, or prime lending rate, is the interest rate a financial institution uses as a base to determine interest rates for loan products. An additional loan from BDC of $350,000 was assumed in 2008 to acquire equipment for the new facility. Because the prime rate can change, the loan is variable. PennantPark Floating Rate Capital Ltd. 98.4 . subject to borrowing base and other limitations. . The BDC Facility has an interest rate equal to BDC's floating base rate . COVID-19 and related changes in base interest rates and significant market volatility . FORM 10-Q FOR THE QUARTER ENDED DECEMBER 31, 2020 . . PENNANTPARK FLOATING RATE CAPITAL LTD. (Exact name of registrant as specified in its charter) . Low rate personal loans now available . The BDC Floating Base Rate is subject to change. of 99.4% floating rate investments and 0.6% fixed rate investments. NEW YORK--(BUSINESS WIRE)--Goldman Sachs BDC, Inc. ("GSBD" or the "Company") (NYSE: GSBD) today reported financial results for the fourth quarter ended December 31, 2020 and filed its Form 10-K. The Company's debt portfolio consisted of 99.5% floating rate investments and . As of March 31, 2020, the weighted average yield on the investment portfolio at amortized cost and fair value was 7.3% and 7.6% (2), respectively. 99.7%. LOS ANGELES, Feb. 23, 2022 (GLOBE NEWSWIRE) -- Crescent Capital BDC, Inc. ("Crescent BDC" or "Company") (NASDAQ: CCAP) today reported net investment income of $47.6 million, or $1.67 per share, and. . 2. producing securities and the spread over LIBOR on our floating rate debt investments. Interest: Interest will be the BDC base rate plus 4%. Note: "The Small Business Loan is offered at BDC's Floating Base Rate* of 5.05% (effective March 17, 2020) plus a variance ranging between 1% and 12%, which is confirmed once the loan is approved. As of December 31, 2020, First Eagle Alternative Capital BDC had loans on non-accrual status with an aggregate amortized cost of $15.5 million and fair value of $7.4 million, or 3.9 percent and 2 . On February 3, 2021, the Company's Board declared a . Current estimates put GDP growth at about +2% in the fourth quarter, which would - EE (February 12, 2020) . As of December 31, 2020, First Eagle Alternative Capital BDC had loans on non-accrual status with an aggregate amortized cost of $15.5 million and fair value of $7.4 million, or 3.9 percent and 2 . At December 31, our stockholders' equity was $560 million, resulting in a net asset value per share of $19.88 as compared to $537 million or $19.07 per share at September 30, 2020, and $407 . The outstanding balance of this loan at the end of the quarter was $23,200. . As of December 31, 2021 and 2020, the weighted average grade of the portfolio at fair value was 3.1 and 3.0, respectively, and loans on non-accrual status represented 0.8% of . As of December 31, 2021, the weighted average yield on our income-producing securities at amortized cost was 7.5% as compared to 7.6% in the prior quarter and 8% at December 31, 2020. increased from $71.1 million for the year ended December 31, 2020 to $85.7 million for the year ended December 31, 2021. . Mon, Jan 3, 4:47 PM: Pennantpark Floating Rate Capital (PFLT) Shares Cross Above 200 DMA. The lender negotiates an additional percentage of interest above the prime rate to cover its risk in lending the money (for example, prime plus 3%). 99.7% of the Company's debt investments at fair value were in floating rate securities.. As of March 31, 2020, two portfolio companies were on non-accrual status, representing 1.7% and 1.1% of the total investment portfolio at cost and fair value . The Board declared a regular fourth quarter dividend of $0.45 per share payable to shareholders of record as of December 31, 2020. . Interest is charged at the BDC Floating Base Rate + 5%, and you may prepay all or part of the outstanding principal. was 7.5% as compared to 7.6% in the prior quarter and 8% at December 31, 2020. Bloomberg the Company & Its Products The Company & its Products Bloomberg Terminal Demo Request Bloomberg Anywhere Remote Login Bloomberg Anywhere Login Bloomberg Customer Support Customer Support Armen Panossian, CEO and CIO: "Based on our consistent performance and our expectations for continued . If the convertible notes are . COVID-19 and related changes in base . The net assets increased by $1.2 million or 1.13% for the quarter ended March 31, 2021 . In fact, many BDCs actually stand to benefit from a rise in base interest rates thanks to these floating rate loans paired with the fixed low rate debt that BDCs have issued over the last year. starting with either the disbursement of Tranche 2 or October 31, 2020, whichever comes first. As of December 31, 2020, First Eagle Alternative Capital BDC had loans on non-accrual status with an . The BDC Facility has an interest rate equal to BDC's floating base rate, currently at 4.55%, . Of these commitments, 83% were in floating rate debt securities, of which 95% contained interest rate floors and 2% were in the subordinated certificates of the SDLP. The Company's debt portfolio consisted of 99.4 % floating rate investments and 0.6% fixed rate investments. . Mon, Dec 20, 12:12 PM: Pennantpark Floating Rate Capital Becomes Oversold. bdc* December 16, 2019 . Total. The interest rate is subject to change without notice." Working Capital Loan Apply for additional funds to bridge cash flow gaps and support operations. December 31, 2020 of $0.15 per share, payable on January 4, 2021, to stockholders of record as of December 10, 2020, . Announces Monthly Distribution of $0.095 per Share. $2,356.7. In August 2020, the company announced an increase in the quarterly dividend from $0.090 to $0.105, and on November 19, 2020, the dividend was increased to $0.110 paid on December 31, 2020, to shareholders of record on December 15, 2020. Net asset value ("NAV") increased $0.09 per share to $7.93, compared to $7.84 as of December 31, 2020. As of September 30, 2021, 93 percent of the Company's income-producing debt investments bore interest based on floating rates, such as the London Interbank Offered Rate, or LIBOR, some of which may be subject to interest rate floors. At December 31, 2013 the Floating Base Rate was 5.00%. As of December 31, 2021, the weighted average yield on our income-producing securities at amortized cost was 7.5% as compared to 7.6% in the prior quarter and 8% at December 31, 2020. As of December 31, 2020, First Eagle Alternative Capital BDC had loans on non-accrual status with an aggregate amortized cost of $15.5 million and fair value of $7.4 million, or 3.9 percent and 2 . . The prime rate is set by financial institutions in a competitive fashion. Quarterly Highlights. First Eagle Alternative Capital BDC's investment portfolio by investment type at fair value as of December 31, 2019 in presented below (in $ millions): Announces Monthly Distribution of $0.095 per Share. . BDC Capital Floating Base Rate as the discount rate in the case of a Financing subject to a floating interest rate and the manner of such computation will be . Wed, Dec 15, 1:05 PM: For the quarter ended December 31, 2018, BDC's consolidated net income was $199.3 million, comprising $196.9 million attributable to BDC's shareholder and a net income of $2.4 million attributable to non-controlling interests. BDC Provides Debt and Convertible Debt Relief Programs for SMEs and VC-Backed Companies Impacted by COVID-19 Author: Cubicle Fugitive Subject: BDC Provides Debt and Convertible Debt Relief Programs for SMEs and VC-Backed Companies Impacted by COVID-19 Created Date: 1/8/2021 4:43:44 PM ($ in millions, except per share amounts) Portfolio results: As of March 31, 2021 Total assets: $386.3 Investment portfolio, at fair value: $363.0 Net assets The base interest rate for a floating-rate loan is the prime rate based on the Bank of Canada's overnight rate. This means that as base interest rates increase, BDCs may likely see higher net interest margins and increased annual net income. a floating rate 6. . Li-Cycle Corp. 2351 Royal Windsor Dr. Mississauga, ON . of 99.4% floating rate investments and 0.6% fixed rate investments. Each financial institution sets its own prime rate, as a function of its cost of funding, which, in turn, is influenced by the target for the overnight rate set by the Bank of Canada. 98.4%. . The Company's debt portfolio consisted of 96.9% floating rate investments and 3.1% fixed rate investments. 1; . December 31, 2020 BDCQuarterly Financial Report - Third Quarter 2021 (ended December 31, 2020) 2 Executive Summary Canadian economic outlook The economic recovery continued in late 2020, although at a slower rate than in the third quarter. Mon, Dec 20, 12:12 PM: Pennantpark Floating Rate Capital Becomes Oversold. Crescent BDC is a business development company that seeks to maximize the total return of its stockholders in the form of current income and . It is a baseline rate upon which all floating rate loans are negotiated (for example, prime + 3%). As of December 31, 2020, First Eagle Alternative Capital BDC had loans on non-accrual status with an aggregate amortized cost of $15.5 million and fair value of $7.4 million, or 3.9 percent and 2.2 percent of the portfolio's amortized cost and fair value, respectively. On November 4, 2020, TSLX reaffirmed its regular quarterly dividend of $0.41and announced a supplemental dividend of $0.10 per share to shareholders of record as of November 30, 2020, payable on December 31, 2020. Loans. This compares to the portfolio as of December 31, 2019, which had a fair value of $384.1 million across 52 portfolio investments. The BDC base rate is currently set at 4.5%, and is a floating rate that changes with the Bank of Canada prime rate. As of March 31, 2021, the Company had cash and cash equivalents (including foreign cash) of $37.7 million, $310.2 million of capacity under its JPM Credit Facility and $50 . subject to borrowing base and other limitations. Investcorp Credit Management BDC, Inc. Feb 10, 2020, 17:10 ET. To be eligible for the $40,000 additional BDC loan through BDC, entrepreneurs must be aged between 18 and 39 and demonstrate that the business has been fully operating for fewer than 12 months. The Net Assets increased by $0.612mil or 0.56% for the quarter ended December 31, 2020 . . 2 This high exposure to floating rate loans. as a business development company . Goldman Sachs BDC, Inc. ('GSBD' or the 'Company') (NYSE: GSBD) today reported financial results for the fourth quarter ended December 31, 2020 and filed its Form 10-K with the U.S. Securities and . "RIC" refers to a regulated investment company under the Code; "BDC" refers to a business development company under the 1940 Act; "MCG" refers to MCG Capital Corporation; "Credit . The first quarter dividend is payable on March 31, 2021 to stockholders of record as of March 15, 2021. As of March 31, 2021, the Company had cash and cash equivalents (including foreign cash) of $37.7 million, $310.2 million of capacity under its JPM Credit Facility and $50 . For the three months ended March 31, 2021, the weighted average interest rate on debt outstanding was 3.2%, as compared to 3.2% for the three months ended December 31, 2020. The net gain for the quarter ended December 31, 2020 was driven primarily by a net gain on the corporate lending portfolio. For the year ended December 31, 2020, the Company invested $352.4 million across 24 new portfolio companies, 10 existing portfolio companies and . As of December 31, 2020 and 2019, the weighted average grade of the portfolio at fair value was 3.0 and 3.0, respectively, and loans on non-accrual status represented 3.3% of total investments at . and related changes in base . Percentage of debt investments at floating rates 98.5% 99.7% 98.4% . Announces Financial Results for the Quarter Ended September 30, 2020 . BOSTON, May 06, 2021 (GLOBE NEWSWIRE) -- First Eagle Alternative Capital BDC, Inc. (NASDAQ: FCRD) ("First Eagle Alternative Capital BDC" or the "Company"), a direct lender to middle market companies, today announced financial results for its first fiscal quarter ended March 31, 2021. Earnings and net investment income per share for the quarter ended September 30, 2020, were $0.80 and $0.45, respectively; The Board declared a regular fourth quarter dividend of $0.45 per share payable to shareholders of record as of December 31, 2020.1. Business Wire Goldman Sachs BDC, Inc. ("GSBD" or the "Company") (NYSE: GSBD) today reported financial results for the fourth quarter ended December 31, 2020 and filed its Form 10-K with the U.S.. Linda Pace, TCG BDC's Chief Executive Officer said, "New deal activity in the 4th quarter was robust, as M&A demand . Check out BDC reviews and ratings on Canada's premier lender directory brought to you by Loans Canada. BDC Exchange Market Rates / = BTC/USD = 29901.6229 BTC/NGN = 18120383.4737 ETH/USD = 1782.6229 ETH/NGN = 1080269.48 LTC/USD = 62.2655 LTC/NGN = 37732.8878 XRP/USD = 0.3947 XRP/NGN = 239.2154 BCH/USD = 177.6562 BCH/NGN = 107659.6614 annual report on Form 10-K for the year ended December 31, 2020, which Crescent BDC filed with the U.S . At December 31, our stockholders' equity was $560 million, resulting in a net asset value per share of $19.88 as compared to $537 million or $19.07 per share at September 30, 2020, and $407 . Interest will be calculated annually and will compound annually.. Quarter Ended September 30, 2020. warrants, and other investments. . 100.0%. As of December 31, 2020, First Eagle Alternative Capital BDC had loans on non-accrual status with an aggregate amortized cost of $15.5 million and fair value of $7.4 million, or 3.9 percent and 2 . BOSTON—Bain Capital Specialty Finance, Inc. (NYSE: BCSF, the "Company", "our" or "we") today announced financial results for the fourth quarter and fiscal year ended December 31, 2021, and that its Board of Directors has declared a dividend of $0.34 per share for the first quarter of 2022. As of March 31, 2020, the weighted average yield on the investment portfolio at amortized cost and fair value was 7.3% and 7.6% (2), respectively. DECEMBER 31, 2020 FINANCIAL RESULTS Ares Capital also announced financial results for its fourth quarter and year . For the year ended December 31, 2020, the Company invested $352.4 million across 24 new portfolio companies, 10 existing portfolio companies and . A fee of $500 is payable for any in-house security taking method, if applicable. Additionally, the Company announced that its Board of Directors (the "Board") has declared a second . 1. and a realized gain on a non-core renewable investment • Net asset value per share as of December 31, 2020 was $15.59 . All fees are to be made via electronic payment at this time (no physical cheques). The interest rate on this loan is based on BDC's Floating Base Rate plus 1.8% over a term of 8 years. The weighted average interest rate on the Company s debt outstanding as of BOSTON-- Bain Capital Specialty Finance, Inc. (NYSE: BCSF, the "Company", "our" or "we") today announced its financial results for the fourth quarter and fiscal year December 31, 2020, and that its Board of Directors has declared a dividend of $0.34 per share for the first quarter of 2021. . People work there are brainless and super hard to reach. 99.7% of the Company's debt investments at fair value were in floating rate securities.. As of March 31, 2020, two portfolio companies were on non-accrual status, representing 1.7% and 1.1% of the total investment portfolio at cost and fair value . December 31, 2020 of $0.15 per share, payable on January 4, 2021, to stockholders of record as of December 10, 2020, . (dollar amounts in thousands, except per share data) December 31, 2019 September 30, 2019: Total investments, at fair value $ 2,123,964 $ 2,126,688 Percentage of debt investments at floating rates 98.5% 99.7% 98.4% . As of December 31, 2020, First Eagle Alternative Capital BDC had loans on non-accrual status with an aggregate amortized cost of $15.5 million and fair value of $7.4 million, or 3.9 percent and 2.2 percent of the portfolio's amortized cost and fair value, respectively. --Investcorp Credit Management BDC, Inc. announced its financial results today for its fiscal second quarter ended December 31, 2020. As of December 31, 2020, First Eagle Alternative Capital BDC had loans on non-accrual status with an aggregate amortized cost of $15.5 million and fair value of $7.4 million, or 3.9 percent and 2 . per share, compared to $5.4 million, or $0.08 per share for the quarter ended September 30, 2020. The prime interest rate, also known as the "prime rate," is the interest rate commercial banks charge their most credit-worthy business customers. Mon, Jan 3, 4:47 PM: Pennantpark Floating Rate Capital (PFLT) Shares Cross Above 200 DMA. As of today, the BDC Floating Base Rate is 5.05%, making the All-In Rate 3.30%. As of December 31, 2019, the weighted average yield on the investment portfolio at amortized cost and fair value was 7.8% (2) and 99.0% of total investments at fair value were in floating rate securities. GSBD Goldman Sachs BDC Inc Goldman Sachs BDC, Inc. Reports December 31, 2020 Financial Results and Announces Quarterly Dividend of $0.45 Per Share. . "The Note Purchase Agreement contains other terms and conditions, including, without limitation, affirmative and negative covenants such as (i) information reporting, (ii) maintenance of the Company's status as a BDC, (iii) minimum shareholders' equity of 60% of the Company's net asset value as of the year ended December 31, 2020 plus 50% of the net cash proceeds of the sale of certain . As of December 31, . and other investments . The Company's debt portfolio consisted of 99.5% floating rate investments and 0.5% fixed rate investments. As of December 31, 2020, First Eagle Alternative Capital BDC had loans on non-accrual status with an aggregate amortized cost of $15.5 million and fair value of $7.4 million, or 3.9 percent and 2 . Crescent Capital BDC . As of September 30, 2021, the weighted average yield on the investment portfolio at amortized cost and fair value were 7.5% and 7.6%, respectively, as compared to 7.5% and 7.7%, respectively, as of June 30, 2021. quarter ended December 31, 2020 of $0.15 . CALGARY, AB , Nov. 30, 2020 /CNW/ - Stampede Drilling Inc. ("Stampede" or the "Company") is pleased to announce the closing of a loan facility (the "BDC Facility") in an amount of up to $2 million pursuant to a letter of offer dated October 28, 2020 with the Business Development of Canada ("BDC"). (March 31, 2020) The worst bank ever. Over 80% of loans, on average, in BDC portfolios feature a floating rate, making BDCs well-positioned to succeed in a rising interest rate environment. Weighted average yields include the effect of accretion of discounts and amortization of premiums and are based on interest rates as of December 31, 2020. (2) 98.9% of the Company's debt investments at fair value were in floating rate securities. 19 and related changes in base . PennantPark Floating Rate Capital Ltd. The weighted average interest rate on the Company s debt outstanding as of Percentage of debt investments at floating rates. As of December 31, 2020, on a fair value basis, approximately 0.9% of our debt investments bear interest at a fixed rate and approximately 99.1% of our debt investments bear interest at a . Investcorp Credit Management BDC, Inc.
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