Filing Analysis
Palmer Square Capital BDC Inc. reported its unaudited estimated net asset value (NAV) per share as of July 31, 2026. The estimated NAV per share is $13.39.
📋 Key Facts
- Management's unaudited estimate of net asset value (NAV) per share: $13.39
- Valuation date: July 31, 2026
- Reporting date: August 17, 2026
Palmer Square Capital BDC Inc. announced a leadership transition within its executive team effective August 3, 2026. Ben Wiesenfeld has been appointed as the new Chief Compliance Officer (CCO), succeeding Scott Betz, who will transition to the role of Chief Operating Officer (COO).
📋 Key Facts
- Ben Wiesenfeld appointed as Chief Compliance Officer (CCO) effective August 3, 2026.
- Scott Betz transitioned from CCO to Chief Operating Officer (COO) effective August 3, 2026.
- Mr. Wiesenfeld previously served as CCO and General Counsel at Palmer Square Capital Management LLC since 2025.
- Mr. Betz has served as the Company's COO since 2019.
Palmer Square Capital BDC Inc. announced its financial results for the second quarter ended June 30, 2026. The filing serves as a formal announcement of earnings and provides supplemental investor presentation materials.
📋 Key Facts
- Report date: August 5, 2026
- Reporting period: Quarter ended June 30, 2026
- The company issued a press release (Exhibit 99.1) regarding financial results.
- A supplemental investor presentation was made available on the company's website.
Palmer Square Capital BDC Inc. completed a $300 million refinancing of its term debt securitization (the 'CLO Reset Transaction') through its subsidiary, Palmer Square BDC CLO 1, Ltd. The transaction involves the issuance of $300 million in secured notes due in 2039 to provide long-term balance sheet financing.
🚩 Red Flags
- Company is waiving 100% of its collateral management fees, which may impact short-term fee income in exchange for the structural benefits of the reset.
- The notes are subject to regulatory asset coverage requirements, impacting BDC leverage ratios.
📋 Key Facts
- Completed refinancing of a $300.00 million term debt securitization on July 15, 2026.
- Issued $228.00 million of AAA Class A-R Notes due 2039 (Term SOFR + 1.28%).
- Issued $72.00 million of AA Class B-R Notes due 2039 (Term SOFR + 1.75%).
- The Company retains 100% of the Subordinated Notes, which are interest-only and entitled to residual payments.
- BofA Securities, Inc. acted as the refinancing initial purchaser via a note purchase agreement.
- The company has agreed to irrevocably waive all collateral management fees payable to it while acting as collateral manager.
The company reported its unaudited estimated net asset value (NAV) per share as of June 30, 2026.
📋 Key Facts
- Management's unaudited estimate of NAV per share: $13.21
- As of date: June 30, 2026
- Report filed on: July 14, 2026
Palmer Square Capital BDC Inc.'s wholly owned subsidiary, Palmer Square BDC Funding I LLC, is reducing its aggregate credit facility commitments from $525 million to $350 million. The reduction is intended to optimize cost management by decreasing commitment fees on unused capacity while maintaining sufficient liquidity for growth.
🚩 Red Flags
- Reduction in available credit liquidity ($175 million decrease).
📋 Key Facts
- Effective date of commitment reduction: July 1, 2026.
- Reduction in aggregate commitments from $525 million to $350 million (a decrease of $175 million).
- The facility is held by Palmer Square BDC Funding I LLC (an SPV) with Bank of America, N.A. as administrative agent.
- The reduction aims to reduce commitment fees paid on unused capacity.
Palmer Square Capital BDC Inc. announced a supplemental dividend of $0.03 per share for the second quarter of 2026, in addition to its previously declared base dividend.
📋 Key Facts
- Supplemental dividend amount: $0.03 per share.
- Base dividend amount (previously declared): $0.36 per share.
- Total Q2 2026 dividend distribution: $0.39 per share.
- Record date for both dividends: June 26, 2026.
- Payment date for both dividends: July 13, 2026.
- Funding source: Excess of quarterly undistributed net investment income.
Palmer Square Capital BDC Inc. has declared a supplemental dividend of $0.07 per share for the fourth quarter of 2025, in addition to its previously declared base dividend.
📋 Key Facts
- Supplemental dividend amount: $0.07 per share.
- Base dividend amount (previously declared): $0.36 per share.
- Total Q4 2025 dividend: $0.43 per share.
- Record date for both dividends: December 29, 2025.
- Payment date for both dividends: January 14, 2026.
- The supplemental dividend is funded from excess quarterly undistributed net investment income.
Palmer Square Capital BDC Inc. held its 2025 Annual Meeting of Stockholders on December 18, 2025. The meeting resulted in the election of two Class I directors and the ratification of PricewaterhouseCoopers LLP as the independent auditor.
📋 Key Facts
- Annual Meeting held on December 18, 2025.
- Election of Christopher D. Long to the Board of Directors (16,299,929 votes for).
- Election of Megan L. Webber to the Board of Directors (15,318,776 votes for).
- Ratification of PricewaterhouseCoopers LLP as independent registered public accounting firm for fiscal year ending Dec 31, 2025.
- Total shares eligible to vote: 31,478,948; Total shares voted: 24,321,806.
The company has released management's unaudited estimate of the net asset value (NAV) per share for the period ending November 30, 2025.
📋 Key Facts
- Management's unaudited estimate of NAV per share as of November 30, 2025, is $15.31.
The company has released its unaudited estimate of the Net Asset Value (NAV) per share as of October 31, 2025.
📋 Key Facts
- Management's unaudited estimate of NAV per share: $15.27
- Valuation date: October 31, 2025
- Filing date: November 18, 2025
Palmer Square Capital BDC Inc., through its subsidiary, entered into Amendment No. 5 to its credit facility with Wells Fargo Bank. The amendment increases the total facility amount and extends both the maturity date and the reinvestment period.
📋 Key Facts
- Increased facility amount from $175,000,000 to $200,000,000.
- Extended facility maturity date from December 18, 2028, to November 4, 2030.
- Extended reinvestment period end date from December 18, 2026, to November 3, 2028.
- Reduced applicable spread from 2.50% over Daily Simple SOFR to 1.95% over Daily Simple SOFR.
- Updated non-usage fee to a range of 0.50% to 1.45% based on utilization levels.
Palmer Square Capital BDC Inc. has issued a press release announcing its financial results for the quarter ended September 30, 2025. The filing includes supplemental investor presentation materials available on the company's website.
📋 Key Facts
- Reported date: November 05, 2025
- Reporting period: Quarter ended September 30, 2025
- The company issued a press release (Exhibit 99.1) regarding financial results.
- A supplemental investor presentation was made available on the company website.
The company has released management's unaudited estimate of the net asset value (NAV) per share as of September 30, 2025.
📋 Key Facts
- Management's unaudited estimate of NAV per share as of September 30, 2025, is $15.39.
This is an 8-K/A (Amendment) filed to correct administrative errors in a previously filed report regarding dividend dates. The filing confirms the declaration of a $0.06 per share supplemental dividend for Q3 2025.
🚩 Red Flags
- Amendment filed to correct errors in a previous filing (though the error is administrative/clerical rather than financial).
📋 Key Facts
- Amends the Original Form 8-K filed on September 23, 2025.
- Corrects the record date and payment date for the quarterly supplemental and base dividends.
- Declared a third quarter 2025 supplemental dividend of $0.06 per share.
- Base dividend for Q3 2025 is $0.36 per share.
- Both dividends are payable on October 14, 2025, to stockholders of record as of September 26, 2025.
Palmer Square Capital BDC Inc. announced a supplemental dividend of $0.06 per share for the third quarter of 2025, in addition to its previously declared base dividend.
📋 Key Facts
- Supplemental dividend amount: $0.06 per share.
- Base dividend amount (previously declared): $0.36 per share.
- Total Q3 2025 dividend: $0.42 per share.
- Record date for both dividends: September 25, 2025.
- Payment date for both dividends: October 13, 2025.
- Funding source: Excess of quarterly undistributed net investment income.
The company has released management's unaudited estimate of the net asset value (NAV) per share as of August 31, 2025.
📋 Key Facts
- Management's unaudited estimate of NAV per share: $15.94
- As of date: August 31, 2025
- Report filed on September 15, 2025
The company is providing notice of an upcoming investor presentation scheduled for September 4, 2025. This filing serves to furnish the presentation materials under Item 7.01 (Regulation FD Disclosure).
📋 Key Facts
- Investor forum presentation scheduled for September 04, 2025.
- Presentation material furnished as Exhibit 99.1.
- Filing made pursuant to Item 7.01 and Item 9.01 of Form 8-K.
The company reported its unaudited estimated net asset value (NAV) per share as of July 31, 2025. This is a routine regulatory disclosure for Business Development Companies (BDCs).
📋 Key Facts
- Management's unaudited estimate of NAV per share: $15.93
- Valuation date: July 31, 2025
- Reporting date: August 18, 2025
Palmer Square Capital BDC Inc. issued an 8-K to announce its financial results for the second quarter ended June 30, 2025. The filing includes a press release and supplemental investor presentation.
📋 Key Facts
- Reported date: August 06, 2025
- Reporting period: Quarter ended June 30, 2025
- The company released financial results via Exhibit 99.1 (Press Release)
- A supplemental investor presentation was made available on the company's website.
The company reported its unaudited estimated net asset value (NAV) per share as of June 30, 2025. This is a routine regulatory disclosure for Business Development Companies (BDCs).
📋 Key Facts
- Management's unaudited estimate of Net Asset Value (NAV) per share: $15.68.
- Valuation date: June 30, 2025.
- Report filed on July 15, 2025.
Palmer Square Capital BDC Inc. announced a supplemental dividend of $0.06 per share for the second quarter of 2025, in addition to its previously declared base dividend.
📋 Key Facts
- Supplemental dividend amount: $0.06 per share.
- Base dividend amount (previously declared): $0.36 per share.
- Total Q2 2025 dividend: $0.42 per share.
- Record date for both dividends: June 27, 2025.
- Payment date for both dividends: July 14, 2025.
- The supplemental dividend is funded by excess quarterly undistributed net investment income.
The company reported its unaudited estimated net asset value (NAV) per share as of May 31, 2025. This is a routine regulatory disclosure for Business Development Companies (BDCs).
📋 Key Facts
- Management's unaudited estimate of Net Asset Value (NAV) per share: $16.03.
- Valuation date: May 31, 2025.
- Report filed on June 13, 2025.
The company has released management's unaudited estimate of the net asset value (NAV) per share as of April 30, 2025.
📋 Key Facts
- Management's unaudited estimate of NAV per share: $15.60
- Valuation date: April 30, 2025
- Reporting period end: April 30, 2025
Palmer Square Capital BDC Inc. announced its financial results for the first quarter ended March 31, 2025. The filing includes a press release and a supplemental investor presentation.
📋 Key Facts
- Reporting period: Quarter ended March 31, 2025
- Filing date: May 07, 2025
- The company issued a press release (Exhibit 99.1) regarding financial results.
- A supplemental investor presentation was made available on the company website.
The company has released management's unaudited estimate of the Net Asset Value (NAV) per share for the period ending March 31, 2025.
📋 Key Facts
- Management's unaudited estimate of NAV per share as of March 31, 2025, is $15.85.
Palmer Square Capital BDC Inc. announced a supplemental dividend of $0.03 per share for the first quarter of 2025, in addition to its previously declared base dividend.
📋 Key Facts
- Supplemental dividend amount: $0.03 per share.
- Base dividend amount (previously declared): $0.36 per share.
- Total Q1 2025 dividend distribution: $0.39 per share.
- Record date for both dividends: March 28, 2025.
- Payment date for both dividends: April 10, 2025.
- The supplemental portion is funded from excess undistributed net investment income.
Palmer Square Capital BDC Inc. reported its unaudited estimated net asset value (NAV) per share as of February 28, 2025.
📋 Key Facts
- Management's unaudited estimate of NAV per share: $16.60
- Valuation date: February 28, 2025
- Reporting date: March 14, 2025
Palmer Square Capital BDC Inc. entered into an equity distribution agreement with RBC Capital Markets, LLC and its Adviser to facilitate the issuance of up to $100 million in common stock. The proceeds are intended for investments, general corporate purposes, or repaying revolving credit facilities.
🚩 Red Flags
- Potential dilution of existing shareholders through the issuance of up to $100 million in new common stock.
- The company may use proceeds to repay revolving credit facilities, which could indicate a need to deleverage or manage liquidity.
📋 Key Facts
- Entered into Equity Distribution Agreement on March 3, 2025.
- Aggregate amount of shares to be issued: up to $100 million.
- Sales Agent: RBC Capital Markets, LLC.
- Commission rate: Up to 1% of the gross sales price per share.
- Issuance will occur under the existing Form N-2 registration statement (File No. 333-280961).
- Shares will be sold at a price not less than Net Asset Value (NAV) unless stockholder approval is obtained for lower prices.
Palmer Square Capital BDC Inc. issued an 8-K to announce its financial results for the quarter and fiscal year ended December 31, 2024. The filing includes a press release and supplemental investor presentation.
📋 Key Facts
- Reported date of earliest event: February 27, 2025
- Filing covers financial results for the quarter and year ended December 31, 2024
- Includes a press release (Exhibit 99.1) and supplemental investor presentation via company website
- Signed by Jeffrey D. Fox, Chief Financial Officer
The company has released management's unaudited estimate of the net asset value (NAV) per share as of January 31, 2025. This is a routine disclosure for Business Development Companies (BDCs).
📋 Key Facts
- Management's unaudited estimate of NAV per share: $16.70.
- Valuation date: January 31, 2025.
- Reporting period end: January 31, 2025.
Palmer Square Capital BDC Inc. reported its unaudited estimated net asset value (NAV) per share as of December 31, 2024.
📋 Key Facts
- Management's unaudited estimate of NAV per share is $16.50 as of December 31, 2024.
- The report was filed on January 15, 2025, regarding an event dated January 14, 2025.
Palmer Square Capital BDC Inc. announced a supplemental dividend of $0.06 per share for the fourth quarter of 2024. This is in addition to the previously declared base dividend of $0.42 per share.
📋 Key Facts
- Supplemental dividend amount: $0.06 per share.
- Base dividend amount (previously declared): $0.42 per share.
- Total Q4 2024 dividend distribution: $0.48 per share.
- Record date for dividends: December 27, 2024.
- Payment date for dividends: January 13, 2025.
- Source of funds: Excess of quarterly undistributed net investment income.
Palmer Square Capital BDC Inc. reported its unaudited estimated net asset value (NAV) per share as of November 30, 2024.
📋 Key Facts
- Management's unaudited estimate of NAV per share: $16.91
- As of date: November 30, 2024
- Reporting Date: December 13, 2024
Palmer Square Capital BDC Inc. held its 2024 Annual Meeting of Stockholders on December 11, 2024. The meeting resulted in the election of two Class III directors and the ratification of PricewaterhouseCoopers LLP as the independent auditor for the fiscal year ending December 31, 2024.
📋 Key Facts
- Annual Meeting held on December 11, 2024.
- Jeffrey D. Fox was elected to the Board of Directors (Class III) with 18,047,412 votes in favor.
- James W. Neville was elected to the Board of Directors (Class III) with 17,597,028 votes in favor.
- PricewaterhouseCoopers LLP was ratified as the independent registered public accounting firm for fiscal year ending Dec 31, 2024.
- Total shares eligible to vote: 32,646,562.73; Total shares voted: 21,574,878.
The company has released management's unaudited estimate of the net asset value (NAV) per share as of October 31, 2024.
📋 Key Facts
- Management's unaudited estimate of NAV per share: $16.85
- Valuation date: October 31, 2024
- Report filed on November 19, 2024
Palmer Square Capital BDC Inc. has issued a press release announcing its financial results for the third quarter ended September 30, 2024. The filing also includes a supplemental investor presentation made available on the company's website.
📋 Key Facts
- Announced financial results for the quarter ended September 30, 2024.
- Filed under Item 2.02 (Results of Operations and Financial Condition).
- Provided a supplemental investor presentation via Regulation FD disclosure (Item 7.01).
- Report date: November 5, 2024.
The company has released management's unaudited estimate of the Net Asset Value (NAV) per share as of September 30, 2024.
📋 Key Facts
- Management's unaudited estimate of NAV per share: $16.61
- Valuation date: September 30, 2024
- Reported by Jeffrey D. Fox, Chief Financial Officer
Palmer Square Capital BDC Inc. announced a supplemental dividend for the third quarter of 2024. This payment is in addition to the previously declared base dividend.
📋 Key Facts
- Declared a third quarter 2024 supplemental dividend of $0.05 per share.
- The total dividend for Q3 2024 consists of a $0.42 base dividend plus a $0.05 supplemental dividend.
- Record date for both dividends is September 27, 2024.
- Payment date for both dividends is October 14, 2024.
- The supplemental dividend is funded from excess quarterly undistributed net investment income.
Palmer Square Capital BDC Inc. released management's unaudited estimate of the net asset value (NAV) per share as of August 31, 2024.
📋 Key Facts
- Management's unaudited estimate of Net Asset Value (NAV) per share was $16.94.
- The NAV estimate is as of the period ending August 31, 2024.
- Report filed on September 18, 2024.
The company is reporting its unaudited estimated net asset value (NAV) per share as of July 31, 2024.
📋 Key Facts
- Management's unaudited estimate of the NAV per share for common stock was $16.89 as of July 31, 2024.
Palmer Square Capital BDC Inc. has released its financial results for the second quarter ended June 30, 2024. The filing serves to furnish quarterly earnings data and a supplemental investor presentation via Exhibit 99.1.
📋 Key Facts
- Report date: August 8, 2024
- Reporting period: Quarter ended June 30, 2024
- Company issued a press release regarding financial results (Exhibit 99.1)
- Supplemental investor presentation made available on the company website
The company reported its unaudited estimated net asset value (NAV) per share as of June 30, 2024. This is a routine regulatory disclosure for Business Development Companies (BDCs).
📋 Key Facts
- Management's unaudited estimate of NAV per share as of June 30, 2024: $16.85.
Palmer Square Capital BDC Inc. announced a supplemental dividend for the second quarter of 2024. This payment is in addition to the previously declared base dividend.
📋 Key Facts
- Declared a second quarter 2024 supplemental dividend of $0.05 per share.
- Base dividend for Q2 2024 was previously declared at $0.42 per share.
- Total dividend for the period (base + supplemental) is $0.47 per share.
- Record date for both dividends is June 28, 2024.
- Payment date for both dividends is July 16, 2024.
- The supplemental portion is funded from excess quarterly undistributed net investment income.
Palmer Square Capital BDC Inc. released an 8-K reporting management's unaudited estimate of the net asset value (NAV) per share as of May 31, 2024.
📋 Key Facts
- Management's unaudited estimated NAV per share as of May 31, 2024: $17.49.
Palmer Square Capital BDC Inc. completed a $400.5 million term debt securitization (CLO Transaction) on May 23, 2024, to provide long-term balance sheet financing for its portfolio investments.
🚩 Red Flags
- The transaction involves complex structured finance (CLO) which introduces specific leverage and regulatory asset coverage requirements.
📋 Key Facts
- Completed a $400.5 million CLO Transaction on May 23, 2024.
- The transaction involved the issuance of Secured Notes by Palmer Square BDC CLO 1, Ltd. (a Cayman Islands subsidiary).
- Secured Notes include: $232M AAA Class A (Term SOFR + 1.60%), $58M AA Class B-1 (Term SOFR + 2.15%), and $10M AA Class B-2 (6.33% fixed).
- The Company issued $100.5 million in Subordinated Notes due 2037, which are non-interest bearing.
- Notes mature on July 15, 2037, with a call option starting July 15, 2026.
- The Company has agreed to irrevocably waive all collateral management fees while serving as the collateral manager.
The company is reporting its unaudited estimated net asset value (NAV) per share as of April 30, 2024. This is a routine disclosure for Business Development Companies (BDCs).
📋 Key Facts
- Management's unaudited estimate of the NAV per share as of April 30, 2024, was $17.19.
- The report was filed on May 17, 2024, regarding events occurring through that date.
Palmer Square Capital BDC Inc. filed an 8-K to announce its financial results for the first quarter ended March 31, 2024. The filing includes a press release and a supplemental investor presentation.
📋 Key Facts
- Report date: May 7, 2024
- Reporting period: Quarter ended March 31, 2024
- The company issued a press release (Exhibit 99.1) regarding financial results.
- A supplemental investor presentation was made available on the company's website.
Palmer Square Capital BDC Inc., through its subsidiary Palmer Square BDC CLO 1, Ltd., has priced a $400.5 million term debt securitization (CLO Transaction). The transaction involves the issuance of various secured notes and the company's acquisition of subordinated notes to satisfy risk retention requirements.
🚩 Red Flags
- The company is required to retain the $100.5 million subordinated notes (no interest) in accordance with U.S. and EU/UK Risk Retention Rules.
📋 Key Facts
- Total CLO Transaction size: $400,500,000
- Expected closing date: May 23, 2024
- Issuance includes $232M of AAA Class A Notes (Term SOFR + 1.60%)
- Issuance includes $58M of AA Class B-1 Notes (Term SOFR + 2.15%)
- Issuance includes $10M of AA Class B-2 Notes (Fixed rate of 6.33%)
- Company to acquire 100% of subordinated notes valued at approximately $100.5 million
- Subordinated notes are non-interest bearing and required for risk retention compliance
- Expected maturity date: July 15, 2037
The company is reporting its unaudited estimated net asset value (NAV) per share as of March 31, 2024. This is a routine disclosure for Business Development Companies (BDCs).
📋 Key Facts
- Management's unaudited estimate of NAV per share as of March 31, 2024: $17.16.
Palmer Square Capital BDC Inc., through its subsidiary, entered into Amendment No. 4 to its existing credit facility with Bank of America N.A. The amendment primarily extends the maturity date and adjusts fee structures.
🚩 Red Flags
- Payment of a $3.6 million extension fee to lenders.
📋 Key Facts
- Maturity date extended from February 18, 2025, to February 18, 2028.
- Unused commitment fee range updated to 0.50% - 1.40% (previously 1.30%).
- Agreement includes a one-time extension fee of 0.50% of commitments, totaling $3.6 million.
- The amendment was entered into on March 29, 2024.
Palmer Square Capital BDC Inc. announced its first quarter 2024 dividend of $0.49 per share and a supplemental dividend policy via a press release.
📋 Key Facts
- Dividend amount: $0.49 per share for Q1 2024.
- Record date: March 28, 2024.
- Payment date: April 10, 2024.
- The company also announced a supplemental dividend policy.
The company is reporting its unaudited estimated net asset value (NAV) per share as of February 29, 2024.
📋 Key Facts
- Management's unaudited estimate of the NAV per share was $17.43 as of February 29, 2024.
The company reported its unaudited estimated net asset value (NAV) per share as of January 31, 2024. This is a routine disclosure for Business Development Companies (BDCs).
📋 Key Facts
- Management's unaudited estimate of NAV per share: $17.17
- As of date: January 31, 2024
- Reporting Date: February 14, 2024
Palmer Square Capital BDC Inc. announced the successful closing of its initial public offering (IPO) of common stock on January 22, 2024.
📋 Key Facts
- The company closed its initial public offering of shares of common stock.
- Announcement date: January 22, 2024.
- The filing includes a press release (Exhibit 99.1) detailing the IPO closing.
Palmer Square Capital BDC Inc. announced the pricing of its initial public offering (IPO) of common stock on January 17, 2024.
📋 Key Facts
- The company issued a press release announcing the pricing of its IPO of common stock.
- Filing date: January 17, 2024.
- The announcement is included as Exhibit 99.1.