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Golub Capital Closes $149.9MM in New Business in QI, FY 2016

January 11, 2016, 07:49 AM
Filed Under: Industry News


Golub Capital BDC, Inc., a business development company, announced that it originated $149.9 million in new middle-market investment commitments during the three months ended December 31, 2015. Approximately 76% of the new middle-market investment commitments were one stop loans, 23% were senior secured loans and 1% were equity securities. Of the new middle-market investment commitments, $139.4 million funded at close. In addition, during the three months ended December 31, 2015, Golub Capital BDC, Inc. invested $15.5 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 decreased by approximately 0.1%, or $1.3 million, during the three months ended December 31, 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 11.6%, or $36.8 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").

Golub Capital is a nationally recognized credit asset manager with over $15 billion of capital under management. The firm has an award-winning middle market lending business.  Golub Capital has four highly complementary business lines led by experienced teams of credit professionals: Middle Market Lending, Late Stage Lending, Broadly Syndicated Loans and Opportunistic Credit. Golub Capital's lending offices are located in Chicago, New York, San Francisco and Charlotte.





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