Here are the 10-K annual reports from Palmer Square Capital BDC Inc. (PSBD) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-K covers the audited annual report, with the full financial statements, so if you follow PSBD and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full PSBD filings page.
Palmer Square Capital BDC Inc., a Maryland-based business development company listed on the NYSE under the symbol PSBD, files its annual report for the year ended December 31, 2025. The company is externally managed by Palmer Square BDC Advisor LLC and operates as a regulated investment company for tax purposes.
The business focuses on generating total return from corporate debt securities, primarily first-lien senior secured loans to U.S. private companies, and from investments in CLO structured credit funds including equity and junior debt tranches. It may also use derivatives for hedging and, at times, receive equity warrants alongside debt positions.
As of December 31, 2025, Palmer Square Capital BDC held 264 debt and equity investments across 205 portfolio companies, with total assets of approximately $1.2 billion. The portfolio spans sectors such as IT services, healthcare, financial services, industrials, and media, with individual positions like Nexus Buyer LLC and Gainwell Acquisition Corp. each representing close to one percent of total assets, highlighting a broadly diversified loan book.