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Golub Capital Closes$156MM in New Mid-Market Originations

July 12, 2016, 07:19 AM
Filed Under: Industry News

Golub Capital BDC, Inc., a business development company, announced that it originated $156.0 million in new middle-market investment commitments during the three months ended June 30, 2016. Approximately 81% of the new middle-market investment commitments were one stop loans, 17% were senior secured loans, an amount less than 1% were subordinated debt loans and 2% were equity securities. Of the new middle-market investment commitments, $147.6 million funded at close.

Total investments at fair value are estimated to have increased by approximately 1.0%, or $16.8 million, during the three months ended June 30, 2016 after factoring in debt repayments, sales of securities, net fundings on revolvers, and net change in unrealized gains (losses). Total investments at fair value held by Senior Loan Fund LLC, an unconsolidated Delaware limited liability company that invests in senior secured loans and is co-managed by Golub Capital BDC, Inc. and RGA Reinsurance Company, are estimated to have decreased by approximately 2.9%, or $10.3 million, after factoring in debt repayments, sales of securities, net fundings on revolvers, and net change in unrealized gains (losses).                                  

Golub Capital BDC, Inc. is an externally-managed, non-diversified closed-end management investment company that has elected to be treated as a business development company under the Investment Company Act of 1940. Golub Capital BDC invests primarily in senior secured and one stop loans of U.S. middle-market companies that are often sponsored by private equity investors. Golub Capital BDC's investment activities are managed by its investment adviser, GC Advisors LLC, an affiliate of the Golub Capital group of companies.





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