Golub Capital BDC, Inc., a business development company, announced today that on June 5, 2014 its wholly-owned and consolidated subsidiary, Golub Capital BDC CLO 2014 LLC (the "Issuer"), completed its previously announced $402 million term debt securitization (the "CLO").

The notes offered in the CLO (the "Notes") are backed by a diversified portfolio of senior secured and second lien loans.  The transaction was executed through a private placement of approximately $191.0 million of Aaa/AAA Class A-1 Notes which bear interest at the three-month London Interbank Offered Rate, or LIBOR, plus 1.75%;  $20.0 million of Aaa/AAA Class A-2 Notes which bear interest at the three-month LIBOR plus 1.45% for the first 18 months and the three-month LIBOR plus 1.95% thereafter; and $35.0 million of Aa2/AA Class B Notes which bear interest at the three-month LIBOR plus 2.50%.  The Company directly retained all of the Class C Notes and equity interests of the CLO, which totaled approximately $155.8 million.

In connection with the closing of the CLO, Golub Capital BDC Funding LLC, a wholly-owned subsidiary of the Company ("Funding"), entered into an amendment to the documents governing Funding's senior secured revolving credit facility with Wells Fargo Bank, N.A., to, among other things, decrease the size of the Credit Facility from $250 million to $150 million.

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").

With over $10 billion of capital under management, Golub Capital is a leading provider of financing solutions for the middle market, including one-loan financings (through the firm's proprietary MiniGOLD, GOLD, and MegaGOLD facilities), senior, second lien, and subordinated debt, preferred stock and co-investment equity. The firm underwrites and syndicates senior credit facilities up to $300 million. Golub Capital's hold sizes range up to $200 million per transaction.