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Golub Capital BDC Closes $331.5MM in New Originations

October 14, 2014, 07:14 AM
Filed Under: Industry News


Golub Capital BDC, announced that it originated $331.5 million in new middle-market investment commitments during the three months ended September 30, 2014.  Approximately 11% of the new middle-market investment commitments were senior secured loans, 81% were one stop loans, 6% were second lien and 2% were equity securities.  Of the new middle-market investment commitments, $293.5 million funded at close.  In addition, during the three months ended September 30, 2014, Golub Capital BDC, Inc. invested $1.1 million in Senior Loan Fund LLC, an unconsolidated Delaware limited liability company ("SLF") that invests in senior secured loans and is co-managed by Golub Capital BDC, Inc. and RGA Reinsurance Company.

"The quarter ending September 30, 2014 was marked by very strong originations and unusually high repayments.  We are particularly pleased with the credit performance of the portfolio," said David Golub, Chief Executive Officer of Golub Capital BDC, Inc.

Total investments at fair value are estimated to have increased by $22.7 million during the three months ended September 30, 2014 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 SLF are estimated to have decreased by approximately $0.5 million after factoring in debt repayments, sales of securities, net fundings on revolvers, and net change in unrealized gains (losses).

Golub Capital BDC, Inc. ("Golub Capital BDC") 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, one stop, second lien and subordinated loans of 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 ("Golub Capital").

Golub Capital is a nationally recognized credit asset manager with over $10 billion of capital under management. Golub Capital has three highly complementary business lines: Middle Market Lending, Broadly Syndicated Loans and Opportunistic Credit. Golub Capital's lending offices are located in Chicago, New York and San Francisco.







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