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home / news releases / TRIN - BDC Weekly Review: Banks Are Refinancing Private Debt

TRIN - BDC Weekly Review: Banks Are Refinancing Private Debt

Trinity Capital Inc.

2024-06-22 00:48:49 ET

Summary

  • We take a look at the action in business development companies through the second week of June and highlight some of the key themes we are watching.
  • BDCs fell 1% on the week, underperforming the broader income space, with valuations coming off slightly.
  • Banks are regaining financing from private credit lenders, challenging the idea of BDCs taking over syndicated lending.
  • Trinity Capital got a lucky break with the bitcoin rally and exited its Core Scientific position.

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 bottom-up - highlighting individual news and events - as well as the top-down - providing an overview of the broader market....

For further details see:

BDC Weekly Review: Banks Are Refinancing Private Debt
Stock Information
Company Name: Trinity Capital Inc.
Stock Symbol: TRIN
Market: OTC
Website: trinitycap.com
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