Leveraged Loan Insight & Analysis – 3/23/2020

BDC share prices rally after plummeting to below
0.4x book value earlier in week


BDC share prices rallied on Thursday following the coronavirus relief bill cleared by the U.S. Senate.  At the start of the week, BDCs were brought back to their darkest days of The Great Financial crisis with average BDC share price-to-book value plummetting to only 0.39x.  However, prices have since bounced back to 0.48x late in the week.