CHICAGO, April 13, 2012 /PRNewswire/ -- Golub Capital BDC,
Inc. (NASDAQ: GBDC, www.golubcapitalbdc.com), a business
development company, today announced that it originated
$98.4 million in new investment
commitments during the three months ended March 31, 2012. Approximately 36% of the new
investment commitments were in one stop loans, 21% were
subordinated debt/second lien investments, 39% were senior secured
loans and 4% were equity securities. Of the new investment
commitments, $94.2 million funded at
close. Overall, total investments in portfolio companies at fair
value increased by $51.8 million
during the three months ended March 31,
2012 after factoring in debt repayments.
On April 11, 2012, Golub Capital
Master Funding LLC, a wholly-owned subsidiary of Golub Capital BDC,
Inc., terminated the total return swap ("TRS") that it had entered
into with Citibank, N.A. at a gain. Cash collateral that had
secured obligations to Citibank, N.A. under the TRS will be used to
fund new middle-market debt and equity investments.
ABOUT GOLUB CAPITAL BDC, INC.
Golub Capital BDC, Inc. principally invests in senior secured,
one stop, mezzanine 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 ("Golub Capital").
ABOUT GOLUB CAPITAL
Golub Capital, founded in 1994, is a leading lender to
middle-market companies. In 2010, Golub Capital was named "Middle
Market Lender of the Year" by Buyouts Magazine and "Debt Financing
Agent of the Year" by M&A Advisor. Golub Capital was ranked the #1 Traditional
Middle Market Bookrunner for 2011 by Thomson Reuters LPC for senior
secured loans of up to $100 million
for leveraged buyouts (based on number of deals completed). As of
March 31, 2012, Golub Capital had
over $5 billion in capital under
management, with a team of investment professionals in New York and Chicago.
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.
SOURCE Golub Capital BDC, Inc.