Welcome to our dedicated page for Palmer Square Capital Bdc SEC filings (Ticker: PSBD), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
This page provides access to U.S. Securities and Exchange Commission filings for Palmer Square Capital BDC Inc. (NYSE: PSBD), an externally managed, non-diversified closed-end management investment company that has elected to be regulated as a business development company under the Investment Company Act of 1940. Through these filings, investors can review the regulatory record that describes the company’s investment objective, portfolio composition, capital structure, and governance.
Palmer Square Capital BDC Inc. files annual reports on Form 10-K and quarterly reports on Form 10-Q, which include audited or reviewed financial statements, consolidated statements of assets and liabilities, statements of operations, and detailed portfolio schedules. These reports outline the company’s focus on lending to and investing in corporate debt loans and other debt securities, including senior secured loans, CLO mezzanine and equity interests, corporate bonds, and equity investments, as well as the proportion of floating-rate assets and income-producing investments.
The company also submits current reports on Form 8-K to disclose material events such as dividend declarations, estimates of net asset value per share, amendments to credit facilities, and the release of quarterly financial results. For example, Form 8-K filings describe supplemental and base dividends, changes to borrowing arrangements, and management’s unaudited estimates of NAV per share as of specific month-end dates. Proxy materials on Schedule 14A detail matters submitted to stockholders, including director elections and the ratification of the independent registered public accounting firm.
On Stock Titan, PSBD’s filings are updated in near real time as they are made available on EDGAR. AI-powered tools can help summarize lengthy documents, highlight key sections on portfolio performance, leverage, fees, and distributions, and surface items such as voting results from annual meetings. Users can also review disclosures related to credit facilities and other direct financial obligations. Together, these filings offer a structured view of how Palmer Square Capital BDC Inc. reports its financial condition, investment activities, and corporate actions within the BDC regulatory framework.
Palmer Square Capital BDC Inc. reported management’s unaudited estimate of its net asset value (NAV) per share at $15.31 as of November 30, 2025. NAV per share represents the value of the company’s assets minus its liabilities, divided by the number of common shares, and helps investors gauge the underlying value of the business development company’s portfolio.
Palmer Square Capital BDC Inc. is holding its 2025 Annual Meeting of Stockholders electronically via live webcast on December 18, 2025 at 10:00 a.m. Central Time. Stockholders of record as of November 17, 2025 can vote online, by phone, by mail, or during the webcast.
Stockholders will vote on two main items: electing two Class I directors, Christopher D. Long (an interested director and CEO) and independent director Megan L. Webber, to terms running until the 2028 annual meeting, and ratifying PricewaterhouseCoopers LLP as independent registered public accounting firm for the year ending December 31, 2025. The Board, including all independent directors, unanimously recommends voting “FOR” both proposals.
The filing details the Company’s governance structure, board committees, and independence determinations, notes that 31,478,948 common shares were outstanding as of the record date, outlines significant beneficial holders, and discloses director compensation, with each independent director receiving $50,000 in 2024. It also summarizes advisory, administration and related-party arrangements and reports PwC audit and related fees of $577,619 for 2024.
Palmer Square Capital BDC Inc. reported that management’s unaudited estimate of its net asset value (NAV) per share was $15.27 as of October 31, 2025. NAV per share represents the value of the company’s assets minus its liabilities, divided by the number of shares, and helps investors gauge what the underlying investment portfolio is worth on a per-share basis. This update is presented as an estimate and is unaudited, meaning it has been prepared by management and has not been reviewed or audited by independent accountants.
Palmer Square Capital BDC Inc. (PSBD): First Trust Capital Management L.P., together with First Trust Capital Solutions L.P. and FTCS Sub GP LLC, filed Amendment No. 2 to Schedule 13G reporting beneficial ownership of 1,288,338 shares of Common Stock, representing 4.04% of the class as of September 30, 2025.
The reporting persons disclose sole voting power over 1,288,338 shares and sole dispositive power over 1,288,338 shares, with no shared power. FTCS and FTCS Sub GP may be deemed to control FTCM but do not hold shares for their own accounts. The certification states the securities were not acquired to change or influence control of the issuer.
Palmer Square Capital BDC (PSBD): A reporting person with a director relationship reported an open-market sale of common stock. On 11/06/2025, 30,000 shares were sold at $11.97 per share (Transaction Code S). Following the sale, 3,145,027 shares were beneficially owned with direct ownership.
The filing indicates it was submitted by more than one reporting person. The remarks state the reported shares are owned directly by Alaris Master Fund LP, and Alaris Capital, LLC, as its general partner, may be deemed an indirect beneficial owner.
Palmer Square Capital BDC Inc. (PSBD) reported an initial statement of beneficial ownership on Form 3. The reporting persons disclosed 3,175,027 shares of Common Stock beneficially owned, shown as Direct (D). The filing indicates the relationship to the issuer as Director, with the date of event listed as 11/05/2025.
The remarks state the shares are owned directly by Alaris Master Fund LP, and that Alaris Capital, LLC, as its general partner, may be deemed an indirect beneficial owner. The Form was filed by more than one reporting person.
PSBD: A shareholder filed a Rule 144 notice to sell up to 657,500 shares of common stock through Morgan Stanley, with an aggregate market value of $8,054,375, on or about November 6, 2025 on the NYSE.
The shares listed for sale were originally acquired on January 23, 2020 in a cash investment from the issuer. Shares outstanding were 31,599,372. Within the past three months, Alaris Master Fund LP sold 532,350 shares on October 22, 2025 for $6,686,316.
Palmer Square Capital BDC Inc. (PSBD) amended its secured credit facility. On November 4, 2025, its wholly owned subsidiary entered Amendment No. 5 with Wells Fargo as administrative agent. The amendment increases the facility size from $175,000,000 to $200,000,000, extends the stated maturity to November 4, 2030, and lengthens the reinvestment period to November 3, 2028.
Pricing terms were also updated: the applicable spread moves to 1.95% over Daily Simple SOFR (from 2.50%), and the non‑usage fee now ranges from 0.50% to 1.45% depending on utilization. These changes provide a larger borrowing capacity, a longer tenor, and lower margin over SOFR under the facility’s terms.
Palmer Square Capital BDC Inc. furnished a press release announcing its financial results for the quarter ended September 30, 2025, via a Form 8-K.
The company also made a supplemental investor presentation available on its website in connection with the third quarter 2025 earnings release. The press release is included as Exhibit 99.1, and the furnished materials are not deemed “filed” under the Exchange Act.
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.