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.
Palmer Square Capital BDC Inc. filings document material-event disclosures for an externally managed business development company focused on corporate debt loans and related debt securities. Recent Form 8-K reports furnish quarterly and annual operating results, supplemental investor presentations, net investment income, net asset value, portfolio metrics and dividend declarations.
The company’s regulatory disclosures also identify PSBD as a non-diversified closed-end management investment company regulated as a BDC under the Investment Company Act of 1940. Filing exhibits describe its adviser relationship with Palmer Square BDC Advisor LLC, its investment focus in broadly syndicated loans and direct large-cap private credit, and recurring disclosures on common stock NAV estimates and distributions.
Palmer Square Capital BDC Inc. is refinancing a $300.00 million term debt securitization through its wholly owned indirect subsidiary, Palmer Square BDC CLO 1, Ltd. The CLO reset, executed via private placement, is expected to close on July 15, 2026.
The Issuer will offer $228.00 million of AAA Class A Notes bearing interest at Term SOFR plus 1.28% and $72.00 million of Class B Notes bearing interest at Term SOFR plus 1.75%. The notes will be secured by a diversified portfolio of primarily senior secured loans and related instruments.
The Company will continue as collateral manager and will retain 100% of the subordinated notes in line with U.S. risk retention and EU/UK securitization rules. The Palmer Square BDC CLO 1 Notes are expected to mature on July 15, 2039 and will be issued under an existing indenture, as amended by a supplemental indenture on the refinancing date.
Palmer Square Capital BDC Inc. filed an update reporting management’s unaudited estimate of its net asset value (NAV) per share. As of May 31, 2026, the estimated NAV for its common stock was $13.63 per share.
The company’s common stock, par value $0.001 per share, trades on the New York Stock Exchange under the symbol PSBD. The update was provided as an Item 8.01 "Other Events" disclosure.
Palmer Square Capital BDC Inc. Amendment No. 3 to a joint Schedule 13G/A was filed to correct the reporting entity and restate beneficial ownership figures for related holders and Mr. Martin C. Bicknell. The filing reports 31,120,814 shares outstanding as of May 5, 2026.
The amended statement shows 1248 Holdings, LLC with 1,562,896 shares (5.02%), BFFV, LLC with 1,391,817 shares (4.47%), MCHC, LLC with 185,000 shares (0.59%), and Martin C. Bicknell deemed to beneficially own 3,139,713 shares (10.09%) through indirect interests. The amendment states it solely corrects an administrative entity name; no other changes were made.
Palmer Square Capital BDC Inc. reports amended Schedule 13G/A disclosing ownership stakes by affiliated entities and Martin Christopher Bicknell. The filing lists 31,120,814 shares outstanding as of May 5, 2026 and shows 3,139,713 shares (10.09%) deemed beneficially owned by Mr. Bicknell via affiliated entities. The filing identifies 1,562,896 shares (5.02%) for 1248 Holdings, 1,391,817 shares (4.47%) for BFFV19, and 185,000 shares (0.59%) for MCHC, with shared voting and dispositive power noted.
Palmer Square Capital BDC Inc. reported that its board approved an increase and extension of its common stock repurchase program. The company is authorized to repurchase an additional $30 million of shares and extended the program’s expiration to June 22, 2027.
To date, Palmer Square Capital BDC has repurchased approximately $22.2 million of stock under the program. It also expects to enter into a Rule 10b5-1 share repurchase plan to buy up to $10 million of stock when the market price trades at a set discount to the most recently reported net asset value per share, subject to legal and market constraints.
Palmer Square Capital BDC Inc. provides an unaudited estimate of its net asset value per share. Management estimates the net asset value of its common stock was $13.59 per share as of April 30, 2026. The company’s common stock, par value $0.001 per share, trades on the New York Stock Exchange under the symbol PSBD.
Palmer Square Capital BDC Inc. ownership disclosure: Alaris Master Fund LP and affiliated Alaris Capital, LLC each report beneficial ownership of 2,503,411 shares of Common Stock, representing 8.0% of the class. The filing is an Amendment No. 3 to a Schedule 13G/A and lists shared voting and dispositive power for each entity over the stated shares.
The filing provides the filers' address in Kansas City and is signed by Hunter Armistead, Chief Investment Officer, with signature dates of 05/12/2026.
Palmer Square Capital BDC Inc. reported first quarter 2026 results with total investment income of $26.2 million and net investment income of $11.0 million, or $0.35 per share, down from $0.40 a year earlier. Net asset value per share fell to $13.30 from $14.85 at year-end, driven by $48.3 million of net realized and unrealized losses and a total return of (7.22)% for the quarter.
As of March 31, 2026, total assets were $1.2 billion and net assets were $413.8 million, with debt-to-equity of 1.70x. The portfolio totaled $1.15 billion in fair value across 214 companies, 96% in senior secured loans and 98% floating-rate, with virtually no non-accrual exposure by fair value. The company paid $0.37 per share in first quarter distributions and declared a second quarter base dividend of $0.36 per share, with an additional supplemental dividend expected to be announced in June.
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 Capital BDC Inc. reported that management’s unaudited estimate of the company’s net asset value (NAV) per share was $13.30 as of March 31, 2026. NAV per share reflects the value of the business development company’s investment portfolio and other net assets on a per-share basis.