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Palmer Square Capital BDC

Company Profile
Palmer Square Capital BDC Inc. (the “Company”) is a financial services company that primarily lends to and invests in corporate debt securities of companies, including small to large private U.S. companies. The Company was organized as a Maryland corporation on August 26, 2019 and is structured as an externally managed, non-diversified closed-end management investment company. The Company has elected to be regulated as a business development company (“BDC”) under the Investment Company Act of 1940, as amended (the “1940 Act”). Beginning with its taxable year ending December 31, 2020, the Company has elected to be treated as a regulated investment company (“RIC”) under Subchapter M of the Internal Revenue Code of 1985, as amended (the “Code”) and expects to qualify as a RIC thereafter. The Company commenced operations on January 23, 2020. Palmer Square BDC Funding I, LLC (“PS BDC Funding”) was formed on January 21, 2020 and entered into a senior, secured revolving credit facility with BofA N.A. Palmer Square BDC Funding II LLC (“PS BDC Funding II”) was formed on September 8, 2020 and entered into a senior, secured credit facility with Wells Fargo, National Association.

Company profile

Employees
Incorporated
Maryland
Location
Kansas
Fiscal year end
Dec 31
Industry
Other Investment Fund
SEC CIK
0001794776
Corporate docs
Articles of Incorporation & Bylaws
Indentures
Material Contracts & Credit Agreements
Subsidiaries Lists
Subsidiaries
Palmer Square BDC Funding I LLC • Palmer Square BDC Funding II LLC ...
IRS number
843665200
Latest filings (excl ownership)
View all
8-K
Submission of Matters to a Vote of Security Holders
14 Dec 22
DEF 14A
Definitive proxy
15 Nov 22
10-Q
2022 Q3
Quarterly report
10 Nov 22
8-K
Results of Operations and Financial Condition
27 Oct 22
10-Q
2022 Q2
Quarterly report
12 Aug 22
8-K
Results of Operations and Financial Condition
29 Jun 22
10-Q
2022 Q1
Quarterly report
13 May 22
10-K
2021 FY
Annual report
11 Mar 22
8-K
Submission of Matters to a Vote of Security Holders
9 Dec 21
DEF 14A
Definitive proxy
15 Nov 21
Latest ownership filings
View all
3
Matthew L Bloomfield
7 Apr 22
3
Martin C Bicknell
8 Nov 21
SC 13G/A
BFFV19, LLC
8 Nov 21
SC 13G
Chinquapin Trust Co
29 Oct 21
SC 13G/A
Alaris Master Fund LP
18 Oct 21
SC 13G/A
Caravel Holdings LLC
18 Oct 21
4
CORP /DE/ SEABOARD
18 Oct 21
4
Change in insider ownership
18 Oct 21
4
Change in insider ownership
23 Apr 20
SC 13G
Pilot Credit, LLC
27 Mar 20

Financial summary

Financial statements Chart financial data
Quarter (USD) Sep 22 Jun 22 Mar 22 Dec 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21 Dec 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 4.18 mm 4.18 mm 4.18 mm 4.18 mm 4.18 mm
Cash burn (monthly) (no burn) 3.17 mm 793.43 k (no burn) (no burn)
Cash used (since last report) n/a 12.41 mm 3.10 mm n/a n/a
Cash remaining n/a -8.23 mm 1.08 mm n/a n/a
Runway (months of cash) n/a -2.6 1.4 n/a n/a

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Recent insider trades

Palmer Square Capital BDC insider ownership history Insider history
Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
1 Oct 21 Caravel Common Stock Buy Acquire P No No 20.7 2,415,458.94 50.00 mm 3,983,289.83
1 Oct 21 Alaris Master Fund Common Stock Buy Acquire P No No 20.7 1,207,729.47 25.00 mm 2,804,392.74
Data from 3, 4 and 5 filings. Values as filed, not updated for current price.
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