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Golub Capital BDC Closes $370.5MM in New Originations in Fiscal Q3

July 13, 2015, 07:37 AM
Filed Under: Industry News

Golub Capital BDC, Inc. announced that it originated $370.5 million in new middle-market investment commitments during the three months ended June 30, 2015. Approximately 85% of the new middle-market investment commitments were one stop loans, 14% were senior secured loans and 1% were equity securities. Of the new middle-market investment commitments, $345.2 million funded at close. In addition, during the three months ended June 30, 2015, Golub Capital BDC, Inc. invested $30.9 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.

Total investments at fair value are estimated to have increased by $147.6 million during the three months ended June 30, 2015 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 increased by approximately $66.4 million after factoring in debt repayments, sales of securities, net fundings on revolvers, and net change in unrealized gains (losses).   

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 ("Golub Capital").







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