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Golub Capital BDC Announces $173.5MM in New Mid-Market Originations

April 11, 2014, 07:50 AM
Filed Under: Industry News

Golub Capital BDC, Inc., a business development company, today announced that it originated $173.5 million in new middle-market investment commitments during the three months ended March 31, 2014.  Approximately 14% of the new middle-market investment commitments were senior secured loans, 85% were one stop loans and 1% were equity securities.  Of the new middle-market investment commitments, $151.5 million funded at close.  In addition, during the three months ended March 31, 2014, Golub Capital BDC, Inc. invested $9.0 million in 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 United Insurance Company.

Overall, total investments at fair value increased by $73.7 million during the three months ended March 31, 2014 after factoring in debt repayments, sales of securities, net fundings on revolvers, and net change in unrealized gains (losses).

Golub Capital BDC, Inc. invests primarily in senior secured, one stop, second lien and subordinated loans of, and warrants and minority equity securities in, middle-market companies that are, in most cases, sponsored by private equity investors. Golub Capital BDC, Inc.'s investment activities are managed by its investment adviser, GC Advisors LLC, an affiliate of the Golub Capital group of companies ("Golub Capital").

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