Leveraged Loan Insight & Analysis – 2/28/2022

BDC loan valuations stabilize in most recent filing period


The most recent data from BDC earnings season shows that debt valuations stabilized in 4Q21, as price appreciation finally eased off, following a huge rebound from the lows seen in 1Q20 when COVID first hit.
Looking at the cohort of BDCs that have filed as of March 1, the weighted average mark on debt holdings finished 4Q21 at 97.80, relatively unchanged from 3Q21 levels.