Blackstone / Gso Loan Fi... Share Discussion Threads

[rambutan2] 19/5/2020 20:56

AR out: COVID-19 Analysis GSO has conducted a detailed, bottom-up review of all c. 970 global companies within its portfolios to determine the potential impact of COVID-19 on the performance of these businesses. GSO focused not only on those sectors that have been directly impacted by COVID-19, including hotels, gaming and leisure, transportation, retail, automotive, and energy, but the entire universe of industries within its portfolios. The objective of the analysis was to determine the financial performance of the companies and loans within BGCF's CLO portfolio and the resulting likelihood of negative credit rating migration and/or default for each loan in which we hold a position, as well as expected timing of these events. The loan by loan analysis was then applied on a probability weighted basis to each portfolio and run through the respective CLO structures in an attempt to forecast the impact on BGCF's CLO investments. The results of this exercise have allowed GSO to consider the likely impact on cash flows generated by the Company's investments in directly held CLOs and those held indirectly through BGCF. This impact assessment has enabled the Board and GSO to assess the sustainability of the Company's dividend in the short-term. The medium- and long-term impacts of the global pandemic remain uncertain. However, in the short-term, rating agency downgrades and corporate defaults of companies within GSO's portfolios may lead to temporary cash flow diversions away from subordinate note distributions as a result of breaches in interest diversion and/or over-collateralisation ratios within a number of CLOs to which the Company has exposure (through BGCF). GSO has already taken numerous steps to seek to mitigate the impact of COVID-19 on the performance of its portfolios and will continue to monitor the rapidly evolving economic environment to identify risks and opportunities. Despite the near-term economic disruption and resulting dislocation in the global credit markets, GSO believes that these events create good investment opportunities and provide further prospects for BGLF to enhance shareholder value. Blackstone / GSO Debt Funds Management Europe Limited 19 May 2020 https://uk.advfn.com/stock-market/london/blackstone-gso-loan-fi-BGLF/share-news/Blackstone-GSO-Loan-Financing-Ltd-Annual-Financi/82489993

[rambutan2] 28/3/2020 03:31

As at the close of business on 28 February 2020, the unaudited net asset value per Euro Ordinary Share of Blackstone / GSO Loan Financing Limited ("BGLF") is as set out below: BGLF Share class NAV Change in Monthly Monthly Performance NAV (Euro) (Euro) Euro Ordinary EUR 0.8894 / GBP Share 0.7652(1) (1.10%) (1.10%) (1) As at 28 February 2020, using an exchange rate of EUR 1: GBP 0.8603. The GBP equivalent of the unaudited net asset value per Euro Ordinary Share has been presented for information purposes only. htTps://www.blackstone.com/our-businesses/registered-products#c=blackstone-gso-loan-financing-limited&t=Monthly%20Reports

[dendria] 25/2/2019 14:13

A chunky research note out from Hardman today 'Debt Investment Companies': HTTPS://www.hardmanandco.com/

[danieldruff2] 19/6/2015 15:10

Decent monthly performance announced today. Am I the only one in this? Seems a good time to add with the Euro being so weak recently.