Golub Capital BDC, Inc. Increases Size Of Revolving Credit Facility
CHICAGO, Dec. 17, 2012 /PRNewswire/ -- Golub Capital
BDC, Inc. (the "Company") (NASDAQ: GBDC), a business development
company, today announced that its wholly owned subsidiary, Golub
Capital BDC Funding LLC, increased the size of its senior, secured
revolving credit facility with Wells Fargo Bank, N.A. from
$75 million to $150 million.
In October 2012, the revolving
credit facility was amended to extend the reinvestment period from
October 21, 2012 through October 21, 2013 and to extend the maturity date
from October 21, 2015 to October 20, 2017. The facility is secured
by senior, secured assets and has a stated interest rate of LIBOR
plus 2.25% with no LIBOR floor.
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
With over $7 billion of capital
under management, Golub Capital is a leading provider of financing
solutions for the middle market, including one stop financings
(through the firm's proprietary GOLD and MEGA GOLD facilities), senior, second lien, and
subordinated debt, preferred stock and co-investment equity. The
firm underwrites and syndicates senior credit facilities up to
$250 million. Golub Capital's hold
sizes range up to $200 million per
transaction.
Golub Capital has been a Top 3 Traditional Middle Market
Bookrunner each year from 2008 through 3Q 2012 for senior secured
loans of up to $100 million for
leveraged buyouts (according to Thomson Reuters LPC and internal
data; based on number of deals). In 2012, Golub Capital was awarded
the ACG New York Champion's Award for "Senior Lender Firm of the
Year." Golub Capital is a national firm with principal offices in
Chicago and New York. For more information, please visit
the firm's website at www.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.
SOURCE Golub Capital BDC, Inc.