January 29, 2021, that allowed for borrowing up to $250.0 million as of January 29, 2021, and bears interest at the applicable base rate plus 2.45% per annum through the revolving period, which ends May 3, 2021, and bears interest at the applicable base rate plus 2.95% following the revolving period through the stated maturity date of May 1, 2024;
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“WF Credit Facility” refers to the senior secured revolving credit facility that GCIC Funding LLC, a Delaware LLC and, currently, our direct subsidiary, originally entered into on October 10, 2014, and terminated effective February 12, 2021, with Wells Fargo Securities, LLC as administrative agent, and Wells Fargo Bank, N.A., as lender;
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“JPM Credit Facility” refers to the senior secured revolving credit facility that we entered into on February 11, 2021 with JPMorgan Chase Bank, N.A. as administrative agent and collateral agent, and six bank participants acting as lenders that allows for borrowing in an initial aggregate amount of up to $475.0 million as of February 11, 2021 in U.S. dollars and certain agreed upon foreign currencies. The interest rate on the borrowings under the facility ranges from one-month LIBOR plus 1.75% to one-month LIBOR plus 1.875%, through the maturity date of February 11, 2026;
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“Adviser Revolver” refers to the line of credit with GC Advisors, which, as of December 31, 2020, allowed for borrowing up to $100.0 million;
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“GCIC Adviser Revolver” refers to the line of credit originally entered into by GCIC with GC Advisors, which allowed for borrowing up to $40.0 million and was terminated on October 28, 2019;
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“Merger Sub” refers to Fifth Ave Subsidiary Inc., our wholly owned subsidiary;
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“Initial Merger” refers to the merger, on September 16, 2019, of Merger Sub with and into GCIC, with GCIC as the surviving company;
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“Subsequent Merger” refers to the merger that occurred immediately after the Initial Merger on September 16, 2019 of GCIC, as the surviving company of the Initial Merger, with and into Golub Capital BDC, Inc., with Golub Capital BDC, Inc., as the surviving company;
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“Merger” refers to the Initial Merger, together with, unless the context otherwise requires, the Subsequent Merger;
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“Merger Agreement” refers to the Agreement and Plan of Merger, dated November 27, 2018, by and among us, Merger Sub, GCIC, GC Advisors, and, for certain limited purposes, the Administrator, as amended by the First Amendment to the Agreement and Plan of Merger, dated December 21, 2018, by and among us, Merger Sub, GCIC, GC Advisors, and the Administrator and the Second Amendment to the Agreement and Plan of Merger, dated July 11, 2019, by and among us, Merger Sub, GCIC, GC Advisors, and the Administrator;
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“GC Advisors” refers to GC Advisors LLC, a Delaware LLC, our investment adviser;
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“Administrator” refers to Golub Capital LLC, a Delaware LLC, an affiliate of GC Advisors and our administrator;
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“Investment Advisory Agreement” refers to the Third Amended and Restated Investment Advisory Agreement by and between us and GC Advisors, dated as of September 16, 2019;
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“Golub Capital” refers, collectively, to the activities and operations of Golub Capital LLC (formerly Golub Capital Management LLC), which entity employs all of Golub Capital’s investment professionals, GC Advisors and associated investment funds and their respective affiliates.
Golub Capital BDC
We are an externally managed, closed-end, non-diversified management investment company that has elected to be regulated as a business development company under the 1940 Act. In addition, for U.S. federal income tax purposes, we have elected to be treated as a regulated investment company, or RIC, under Subchapter M of the Internal Revenue Code of 1986, as amended, or the Code. We were formed in November 2009 to continue and expand the business of our predecessor, Golub Capital Master Funding LLC, which commenced operations in July 2007. We make investments primarily in one stop (a loan that combines characteristics of traditional first lien senior secured loans and second lien or subordinated loans