Golub Capital BDC, Inc., a business development company, today announced that it originated $58.1 million in new middle-market investment commitments during the three months ended March 31, 2013. Approximately 36% of the new middle-market investment commitments were senior secured loans, 25% were one stop loans, 38% were second lien investments, and 1% were equity securities. Of the new middle-market investment commitments, $53.0 million funded at close. Overall, total investments in portfolio companies at fair value increased by $20.1 million during the three months ended March 31, 2013 after factoring in debt repayments and sales of securities.
Golub Capital BDC, Inc. principally invests in senior secured, one stop, subordinated and second lien 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.