Golub Capital BDC, Inc., a business development company, today announced that its wholly owned subsidiary, Golub Capital BDC Funding LLC ("Funding"), increased the size of its senior secured revolving credit facility from $100 million to $250 million.  In addition to increasing the size of the facility, the facility's reinvestment period was extended from November 21, 2013 to October 21, 2014 and its final maturity date was extended from October 20, 2017 to October 22, 2018.  The facility continues to be secured by all of the assets held by Funding and has a stated interest rate of LIBOR (with no floor) plus 2.25% through the reinvestment period.

An SEC filing notes Wells Fargo acted as agent on the facility increase. To view the filing, click here.

Golub Capital BDC, Inc. principally invests in senior secured, one stop, second lien, and subordinated loans of 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 $8.0 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 $250 million per transaction.