Every 10-Q that Palmer Square Capital Bdc Inc. (PSBD) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, 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.
PSBD reports a highly diversified portfolio of debt and equity investments, focused chiefly on floating-rate first lien senior secured loans to a wide range of portfolio companies. Borrowers span sectors including healthcare providers and services, software, insurance, chemicals, packaging, industrials, media, and consumer-related businesses.
Loan coupons are typically structured as a benchmark "S" rate plus a spread, often with cash and PIK components. Examples include 6.64% (S + 3.00%) to Hunter Douglas Inc, 8.95% (S + CSA + 5.25%) to Medical Solutions Holdings, Inc., and 10.39% (S + 6.75%) to Thryv, Inc. The portfolio also includes second lien senior secured loans, corporate bonds, revolving and delayed draw facilities, and numerous collateralized loan obligation (CLO) interests and subordinated notes, such as POST 2018-1X FR at 13.89% (S + 10.00%) maturing 10/16/2037. Maturities for these instruments extend from mid‑2020s dates into the late 2030s, indicating a long-dated income-oriented investment profile.
PSBD provides primarily floating-rate credit to private companies through a large portfolio of first lien and second lien senior secured loans, corporate bonds, and collateralized loan obligation (CLO) interests, along with select equity stakes and preferred units in portfolio companies.
The investments span many industries, including healthcare, software, insurance, chemicals, packaging, industrials, energy, and leisure. Many loans are tied to a benchmark rate "S" plus a spread, with stated cash interest rates such as 8.47% for B'laster Holdings, LLC, 13.22% for New WPCC Parent, LLC, and 17.35% for Aimbridge Acquisition Co., Inc.
Maturities are generally long-dated, often between 2026 and 2032, indicating a focus on medium- to long-term lending. Several instruments feature PIK (payment-in-kind) components and delayed draw or revolving structures, which affect how and when interest is paid and capital is deployed.
Palmer Square BDC (PSBD) filed its quarterly report detailing a diversified credit portfolio. The holdings are largely first lien senior secured loans priced off SOFR with credit spread adjustments and fixed spreads, alongside selected second lien positions, CLO mezzanine and equity tranches, corporate bonds, and short‑term money market funds.
Examples span many industries. Notable entries include Wellpath Holdings, Inc. first‑lien debt at 11.31% (S+6.93% PIK) with maturity on 6/9/2025, WarHorse Gaming, LLC first‑lien at 13.48% (S+CSA+9.25%) maturing 6/30/2028, and Nvent Electric Public Limited Company first‑lien at 7.16% (S+3.00%) maturing 1/30/2032. CLO exposure includes tranches such as GLM 2021-9A FR at 12.79% (S+8.46%) and CIFC 2023-2A at 12.59% (S+7.97%). Short‑term liquidity vehicles include Fidelity Government Portfolio – Institutional Class and Morgan Stanley US Dollar Treasury Liquidity Fund – Institutional Class.