CHICAGO, Feb. 19, 2013 /PRNewswire/ -- Golub Capital
BDC, Inc., a business development company (NASDAQ: GBDC), today
announced that it has increased the size of its term debt
securitization by $50 million.
The term debt securitization was amended and restated to (i)
issue an additional $50 million of notes (increasing the Class
A Notes by $29,000,000, increasing
the Class B Notes by $2,000,000 and
increasing the Subordinated Notes by $19,000,000), (ii) extend the reinvestment period
by two years to July 20, 2015, (iii)
extend the stated maturity date of the notes by two years to
July 20, 2023 and (iv) re-price the
Class A Notes to bear interest at the London Interbank Offered
Rate, or LIBOR, plus 1.74%. The Class A Notes previously bore
interest at LIBOR plus 2.40%. The additional Class A Notes
were sold through a private placement and the additional Class B
Notes and additional Subordinated Notes were retained by Golub
Capital BDC 2010-1 Holdings LLC, a direct subsidiary of the
Company.
ABOUT GOLUB CAPITAL BDC, INC.
Golub Capital BDC, Inc. principally invests in senior secured,
one stop, subordinated 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 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." and "Lender Firm of the Year" by the M&A Advisor.
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.