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Golub Capital BDC Increases Credit Facility to $200MM

August 05, 2015, 07:19 AM
Filed Under: Investment Financing

Golub Capital BDC announced that its wholly owned subsidiary, Golub Capital BDC Funding LLC, increased the size of its credit facility from $150 million to $200 million.  In addition, the facility's reinvestment period was extended from November 22, 2015 to July 29, 2017 and its final maturity date was extended from October 17, 2019 to July 30, 2020.  The facility continues to be secured by all of the assets held by Funding and has a stated interest rate of one-month LIBOR (with no floor) plus 2.25% through the reinvestment period.

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, 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.

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