BDC Weekly Review: PIK Is At Record High [Seeking Alpha]
Blackstone Secured Lending Fund (BXSL)
Company Research
Source: Seeking Alpha
Play 6min Summary We take a look at the action in business development companies through the third week of October and highlight some of the key themes we are watching. BDCs had a strong week, rising over 1%, supported by reduced expectations of rate cuts. The rise in Payment-in-Kind (PIK) income, now at 7.5%, raises concerns about potential credit issues, though not all PIK is distress-related. Upcoming lock-up expiries for NCDL, OBDE, and MSDL may cause price drops, but these are expected to be modest due to current valuations. Blackstone Secured Lending's new $400m bond issuance at 5.35% is manageable in the context of their investment income above 11%. Looking for a helping hand in the market? Members of Systematic Income get exclusive ideas and guidance to navigate any climate. Learn More » Eoneren Welcome to another installment of our BDC Market Weekly Review, where we discuss market activity in the Business Development Company ("BDC") sector from both the b
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News
- Compared to Estimates, Blackstone Secured Lending Fund (BXSL) Q3 Earnings: A Look at Key Metrics [Yahoo! Finance]Yahoo! Finance
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- 5 Stocks I Would Include If I Were Building A BDC ETF - Part 2 [Seeking Alpha]Seeking Alpha
- Main Street Vs. Blackstone Secured Lending: One Is Superior Pick For Defense [Seeking Alpha]Seeking Alpha
BXSL
Sec Filings
- 11/12/24 - Form 10-Q
- 11/12/24 - Form 8-K
- 11/12/24 - Form IRANNOTICE
- BXSL's page on the SEC website