BDC Sector Weekly Update: Finally Pulling Back

Subscriber Update

• We are finally seeing some better entry points and pre-markets are currently lower by 1%.

• ARCC reports results tomorrow.

• Last week, FDUS and BXSL outperformed, FSK, GSBD, HTGC, ORCC underperformed down ~3%.

• I am now expecting 125 bps of increases this quarter easily pushing through most investment floors, which is excellent news for most B…