NEW YORK, Feb. 12, 2021 /PRNewswire/ -- Golub Capital
BDC, Inc. (the "Company", "we", "us" or "our") a business
development company (Nasdaq: GBDC), today announced the closing of
a new senior secured syndicated revolving credit facility (the
"Facility"). The Facility is led by JPMorgan Chase Bank, N.A.
and includes a total of six bank
participants.
The Facility closed on February
11, 2021. Under the Facility, the lenders have agreed
to extend credit to us in an initial aggregate amount of up to
$475.0 million in U.S. dollars and
certain agreed upon foreign currencies with an option to request,
at one or more times, that existing and/or new lenders, at their
election, provide up to $237.5
million of additional commitments. The Facility will
mature on February 11, 2026. The
interest rate on the borrowings under the Facility ranges from
one-month LIBOR plus 1.75% to one-month LIBOR plus 1.875%. The
Facility includes usual and customary representation and
warranties, covenants, and events of default for senior secured
facilities of this nature.
"We continue to execute on our strategy of increasing the
flexibility of our strong balance sheet and add to our diversified
sources of liquidity, building on our successful inaugural offering
of unsecured notes in October 2020,"
said David B. Golub, Chief Executive
Officer of GBDC. "We believe the pricing and terms of this
new credit facility are attractive. We appreciate the continued
support of our lending partners, and we are pleased to welcome
several new lenders to the syndicate."
For further information, please see the Company's current report
on Form 8-K filed with the Securities and Exchange
Commission on February 12, 2021.
ABOUT GOLUB CAPITAL BDC, INC.
Golub Capital BDC, Inc. ("GBDC") 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. GBDC invests primarily in one stop
and other senior secured loans to middle market companies that are
often sponsored by private equity investors. GBDC's investment
activities are managed by its investment adviser, GC Advisors LLC,
an affiliate of the Golub Capital LLC group of companies ("Golub
Capital").
ABOUT GOLUB CAPITAL
Golub Capital is a market-leading, award-winning direct lender
and credit asset manager, with over $35
billion of capital under management. Golub Capital
specializes in delivering reliable, creative and compelling
financing solutions to middle market companies backed by private
equity sponsors. The firm's credit expertise also forms the
foundation of its Late Stage Lending business and its Broadly
Syndicated Loan investment program. Across its activities, Golub
Capital nurtures long-term, win-win partnerships that inspire
repeat business from its private equity sponsor clients and
investors. Founded over 25 years ago, Golub Capital today has over
500 employees and lending offices in Chicago, New
York, San Francisco and
London. For more information,
please visit golubcapital.com.
FORWARD-LOOKING STATEMENTS
This press release may contain "forward-looking statements"
within the meaning of the Private Securities Litigation Reform Act
of 1995. Statements other than statements of historical facts
included in this press release may constitute forward-looking
statements and are not guarantees of future performance or results
and involve a number of risks and uncertainties. Actual results may
differ materially from those expressed or implied in the
forward-looking statements as a result of a number of factors,
including those described from time to time in filings with the
Securities and Exchange Commission. Golub Capital BDC, Inc.
undertakes no duty to update any forward-looking statement made
herein. All forward-looking statements speak only as of the date of
this press release.
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SOURCE Golub Capital BDC, Inc.