Palmer Square Capital BDC Inc. — Form 8-K
Filed August 5, 2026 · analyzed by the 8-K Agent
8-K
▼ Likely negative
significance 42/100
What the filing says
Palmer Square Capital BDC reported Q2 2026 net investment income of $12.0M ($0.39/share), down from $13.8M ($0.43/share) YoY. NAV per share fell to $13.21 from $13.30 (Q1 2026) and $15.68 (Q2 2025). The company deployed $72.4M in new investments while selling $109.8M. On July 15, 2026, it refinanced a $300M CLO securitization (Palmer Square BDC CLO 1) into $228M AAA notes (SOFR+127bps due 2039) and $72M AA notes (SOFR+175bps due 2039). Declared Q3 base dividend of $0.36/share with supplemental expected in September.
Why this rating
NAV decline of 11.5% YTD (Q1 2025 to Q2 2026) and falling earnings pressure dividend coverage; refinancing improves rates modestly but is routine management. Material relative to company size.
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