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Blue Owl Capital Corporation Announces June 30, 2025 Financial Results
PrnewswireĀ· 2025-08-06 20:15
Core Insights - Blue Owl Capital Corporation reported solid earnings for Q2 2025, achieving a 10.6% annualized return on adjusted net investment income, indicating strong portfolio performance and resilience across economic conditions [3][11][18] - The company declared a regular dividend of $0.37 per share and a supplemental dividend of $0.02 per share for Q2 2025, reflecting a commitment to returning value to shareholders [4][6][11] Financial Highlights - For Q2 2025, net investment income per share was $0.42, while adjusted net investment income per share was $0.40, showing a slight increase from $0.39 in the previous quarter [8][27] - Total investment income rose to $485.8 million from $464.6 million in Q1 2025, driven by increased prepayment-related income [18][25] - The net asset value (NAV) per share decreased to $15.03 from $15.14 in Q1 2025, primarily due to write-downs on a few investments [11][25] Portfolio Composition - As of June 30, 2025, the company had investments in 233 portfolio companies with a total fair value of $16.9 billion, averaging $72.4 million per investment [9][23] - The portfolio consisted of 75.8% first-lien senior secured debt investments, with 97.6% of debt investments at floating rates [10][12] Investment Activity - New investment commitments for Q2 2025 totaled $1.1 billion, with $906 million funded, while sales and repayments amounted to $1.9 billion [13][14][16] - The company experienced a slight decrease in the number of portfolio companies from 236 in Q1 2025 to 233 in Q2 2025 [12][13] Liquidity and Capital Resources - As of June 30, 2025, the company had $360.2 million in cash and restricted cash, with total debt outstanding at $9.3 billion, including $3.7 billion of undrawn capacity on credit facilities [20][28] - The funding mix comprised 41% secured and 59% unsecured borrowings, with compliance maintained under all financial covenants [20][28]
Encore Capital Group Announces Second Quarter 2025 Financial Results
GlobenewswireĀ· 2025-08-06 20:05
Core Insights - Encore Capital Group reported strong financial performance in Q2 2025, with significant increases in portfolio purchases and collections, leading to a substantial rise in earnings per share [2][6][7] Financial Performance - Portfolio purchases reached $367 million, a 32% increase compared to Q2 2024 [6][7] - Record collections amounted to $655 million, up 20% year-over-year [2][6][7] - Earnings per share for Q2 2025 were $2.49, reflecting an 86% increase from $1.34 in Q2 2024 [2][6][7] Business Segments - The U.S. MCM business achieved record portfolio purchases of $317 million, a 34% increase from the previous year, and collections of $490 million, up 24% [2][6] - The Cabot business in Europe reported portfolio purchases of $50 million and collections of $164 million, a 10% increase year-over-year [2][6] Guidance and Outlook - The company raised its full-year collections guidance to approximately $2.5 billion, indicating a year-over-year growth of 15.5%, up from a previous expectation of 11% growth [2][6] - Global portfolio purchasing is expected to exceed $1.35 billion, surpassing the previous year's purchases [2][6] Share Repurchase - In Q2 2025, Encore repurchased $15 million of its common stock, totaling $25 million for the first half of the year [3]
Bain Capital Specialty Finance(BCSF) - 2025 Q2 - Earnings Call Presentation
2025-08-06 12:30
Financial Performance - The company's net investment income (NII) per share was $0.47, resulting in an annualized NII yield on book value of 10.7%[15] - Net income per share was $0.37, equating to an annualized return on book value of 8.3%[15] - The net asset value (NAV) per share decreased slightly to $17.56 as of June 30, 2025, compared to $17.64 as of March 31, 2025[15] - The Board of Directors declared a dividend of $0.42 per share for the third quarter of 2025, along with an additional dividend of $0.03 per share[15] Portfolio Composition and Activity - The total investment portfolio at fair value reached $2,501.8 million, primarily consisting of senior secured, floating-rate loans[15] - Gross investment fundings amounted to $529.6 million, while net investment fundings were $27.3 million[15] - The investment portfolio is diversified across 185 portfolio companies operating in 29 different industries[15] - The weighted average yield at amortized cost on the investment portfolio was 11.4%[15] - Investments on non-accrual represented 1.7% of the total investment portfolio at amortized cost and 0.6% at fair value[15] Liquidity and Funding - The company reported strong liquidity totaling $796 million, including $592 million of undrawn capacity on a revolving credit facility[15] - Unsecured debt represents 61% of the total debt outstanding at quarter-end[15]
Carlyle Secured Lending, Inc. Announces Financial Results For Second Quarter Ended JuneĀ 30, 2025, Declares Third Quarter 2025 Dividend of $0.40 Per Common Share
GlobeNewswire News RoomĀ· 2025-08-05 20:01
For the second quarter of 2025, we reported $0.39 per common share of Net Investment Income and Adjusted Net Investment Income, a non-GAAP financial measure described below. NEW YORK, Aug. 05, 2025 (GLOBE NEWSWIRE) -- Carlyle Secured Lending, Inc. (together with its consolidated subsidiaries, "we," "us," "our," "CGBD" or the "Company") (NASDAQ: CGBD) today announced its financial results for its second quarter ended June 30, 2025. Justin Plouffe, CGBD's Chief Executive Officer, said, "Despite market uncerta ...
SLR Investment Corp. Announces Quarter Ended June 30, 2025 Financial Results
GlobeNewswire News RoomĀ· 2025-08-05 20:01
Core Insights - SLR Investment Corp. reported a net investment income of $21.6 million, or $0.40 per share, for Q2 2025, with a declared quarterly distribution of $0.41 per share [2][32] - The net asset value (NAV) increased to $18.19 per share as of June 30, 2025, up from $18.16 per share at the end of Q1 2025 [3] - The company emphasized its focus on specialty finance, with over 80% of its portfolio in specialty finance loans, which are believed to provide attractive risk-adjusted returns [4] Financial Performance - For the quarter ended June 30, 2025, the company had a comprehensive investment portfolio fair value of $3.2 billion and an investment portfolio fair value of $2.1 billion [5] - The non-accrual rate was low at 0.3% based on fair value, indicating strong credit quality [5] - The net increase in net assets from operations was $24.2 million, or $0.44 per share, compared to $23.2 million, or $0.43 per share, in the same period last year [25] Investment Activity - During Q2 2025, the company made investments totaling $567.1 million while prepaying and selling investments worth $387.0 million [6][8] - The investment activity was diversified across various asset classes, with significant originations in asset-based lending [8] - The comprehensive investment portfolio was diversified across approximately 940 unique issuers, with 98.3% invested in senior secured loans [10] Asset Quality - As of June 30, 2025, 99.7% of the portfolio was performing on a fair value basis, with only one investment on non-accrual [15] - The internal investment ratings showed that 31.9% of investments were rated as the least risky (rating 1), while 65.9% were rated as low risk (rating 2) [16] Capital and Liquidity - The company had a net debt-to-equity ratio of 1.17x as of June 30, 2025, within its target range of 0.9x to 1.25x [29] - Total commitments available on revolving credit facilities were $970 million, with $682.3 million drawn [26] - The company had over $650 million of available capital, including anticipated borrowing capacity [29] Subsequent Events - On July 30, 2025, the company closed a private offering of $50 million of unsecured notes due July 30, 2028, with a fixed interest rate of 5.96% [31]
Saratoga Investment Corp. Announces Distribution of Proxy Materials for its 2025 Annual Meeting of Stockholders
GlobenewswireĀ· 2025-08-05 16:24
Core Points - Saratoga Investment Corp. is urging stockholders to vote their shares immediately to reduce solicitation costs associated with the upcoming Annual Meeting on September 25, 2025 [1][3] - The Company has distributed proxy materials for the Annual Meeting and stockholders as of July 29, 2025, are eligible to vote [1][2] Company Overview - Saratoga Investment is a specialty finance company that provides customized financing solutions primarily to U.S. middle-market businesses [4] - The Company invests mainly in senior and unitranche leveraged loans and mezzanine debt, with a focus on generating attractive risk-adjusted returns through current income and long-term capital appreciation [4] - Saratoga Investment is regulated as a business development company and is externally managed by Saratoga Investment Advisors, LLC [4] - The Company manages a $650 million collateralized loan obligation (CLO) fund that is in wind-down and co-manages a joint venture fund owning a $400 million CLO [4]
Great Elm Capital (GECC) - 2025 Q2 - Earnings Call Presentation
2025-08-05 12:30
Investor Presentation Quarter Ended June 30, 2025 August 5, 2025 NASDAQ: GECC Forward Looking Statement Statements in this communication that are not historical facts are "forward-looking" statements within the meaning of the federal securities laws. These statements include statements regarding our future business plans and expectations. These statements are often, but not always, made through the use of words or phrases such as "expect," "anticipate," "should," "will," "estimate," "designed," "seek," "con ...
Oaktree Specialty Lending Corporation Announces Third Fiscal Quarter 2025 Financial Results
GlobenewswireĀ· 2025-08-05 10:00
Core Viewpoint - Oaktree Specialty Lending Corporation reported its financial results for the fiscal quarter ended June 30, 2025, highlighting a decrease in total investment income and net investment income, while maintaining a stable net asset value per share [1][3]. Financial Highlights - Total investment income for the third fiscal quarter of 2025 was $75.3 million ($0.85 per share), down from $77.6 million ($0.90 per share) in the previous quarter [5][11]. - Adjusted total investment income was $74.3 million ($0.84 per share) for the third fiscal quarter, compared to $77.2 million ($0.90 per share) in the second fiscal quarter [5][11]. - GAAP net investment income was $33.5 million ($0.38 per share), a decrease from $39.1 million ($0.45 per share) in the prior quarter [5][11]. - Adjusted net investment income was $32.5 million ($0.37 per share), down from $38.7 million ($0.45 per share) in the previous quarter [5][11]. Portfolio and Investment Activity - As of June 30, 2025, the fair value of the investment portfolio was $2.8 billion, consisting of investments in 149 companies [16][17]. - The company originated $147.2 million in new investment commitments and received $249.4 million from prepayments and exits during the quarter [5][12]. - The weighted average yield on new debt investments was 9.1% [5]. Debt and Liquidity - Total debt outstanding was $1,460.0 million, with a total debt to equity ratio of 0.99x and a net debt to equity ratio of 0.93x [5][26]. - Liquidity included $79.8 million in unrestricted cash and $650.0 million in undrawn capacity under the credit facility [24][25]. - The company amended its syndicated credit facility, reducing interest rate margins and extending the maturity dates [5][10]. Distribution Declaration - A quarterly cash distribution of $0.40 per share was declared, payable on September 30, 2025, to stockholders of record on September 15, 2025 [6][4].
LM Funding America Announces Second Quarter 2025 Earnings Call for August 14, 2025
GlobenewswireĀ· 2025-08-04 20:30
Core Viewpoint - LM Funding America, Inc. is set to announce its second quarter 2025 earnings results and will hold a conference call on August 14, 2025, at 8:00 AM EST [1][2]. Group 1: Company Overview - LM Funding America, Inc. operates as a Bitcoin mining and specialty finance company, founded in 2008 and based in Tampa, Florida [3]. - The company will provide an investor presentation alongside its earnings release on the morning of August 14, 2025 [2]. Group 2: Conference Call Details - The conference call will take place on August 14, 2025, at 8:00 AM EST, with links for live webcast and participant registration available [4].
Standard Premium Expands Stock Repurchase Program Following Strong Q2 Results
GlobenewswireĀ· 2025-07-31 15:00
About Standard Premium Finance Holdings, Inc. Standard Premium Finance Holdings, Inc. (OTCQX: SPFX), is a specialty finance company which has financed premiums on over $2 Billion of property and casualty insurance policies since 1991. We currently operate in 38 states and are seeking M&A opportunities of synergistic businesses to leverage economies of scale. https://www.standardpremium.com/ Cautionary Statement Regarding Forward-Looking Statements MIAMI, July 31, 2025 (GLOBE NEWSWIRE) -- Standard Premium Fi ...