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Portfolio action was light again this week, with six issuers emerging — all with opportunistic business — up from four the week prior that included some M&A in the mix. With little lining the forward M&A calendar, arrangers are reviving repricing activity, which has ebbed amid a leveling off of spreads. Last month, repricings totaled $18.3 billion, the lowest monthly total of 2017, according to LevFin Insights.

Horizon Technology Finance Corporation announced 5 new loans originated in Q3 ending on September 30^th, 2017, adding $40 million of new loan commitments:

On September 6, 2017 after the close, CM Finance (CMFN) announced the results of its fiscal fourth quarter and full year ended June 30 2017 in a press release, and filed a 10-K. The BDC Reporter has read both documents. Here are the highlights, as well as analysis of the earnings and portfolio, and the BDC Reporter’s view of where the BDC is headed in the coming year, and our own investment approach:

A dissection of the latest quarter’s BDC portfolios by LevFin Insights and Advantage Data shows that non-accruals dropped significantly over the past year. For the 24 public and nonpublic BDCs with at least $1 billion in assets under management, the non-accrual rate has retreated to an average of 1.77% for the three-month period ending June 30, down from 3.31% in the same period last year.