CHICAGO, Jan. 10, 2014 /PRNewswire/ -- Golub Capital
BDC, Inc. (NASDAQ: GBDC, www.golubcapitalbdc.com), a business
development company, today announced that it originated
$261.1 million in new middle-market
investment commitments during the three months ended December 31, 2013. Approximately 13% of the
new middle-market investment commitments were senior secured loans,
78% were one stop loans, 8% were junior debt investments and 1%
were equity securities. Of the new middle-market investment
commitments, $230.5 million funded at
close. In addition, during the three months ended
December 31, 2013, Golub Capital BDC,
Inc. invested $25.7 million in Senior
Loan Fund LLC, an unconsolidated Delaware limited liability company that
invests in senior secured loans and is co-managed by Golub Capital
BDC, Inc. and United Insurance Company.
Overall, total investments at fair value increased by
$155.7 million during the three
months ended December 31, 2013 after
factoring in debt repayments, sales of securities, net fundings on
revolvers, and net change in unrealized gains (losses).
ABOUT GOLUB CAPITAL BDC, INC.
Golub Capital BDC, Inc. principally invests in senior secured,
one stop, second lien, and subordinated 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 $8 billion of capital
under management, Golub Capital is a leading provider of financing
solutions for the middle market, including one-loan financings
(through the firm's proprietary MiniGOLD, GOLD, and MegaGOLD
facilities), senior, second lien, and subordinated debt, preferred
stock and co-investment equity. The firm underwrites and syndicates
senior credit facilities up to $300
million. Golub Capital's hold sizes range up to $250 million per transaction.
Golub Capital has been a top 3 Traditional Middle Market
Bookrunner each year from 2008 through 3Q 2013 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 2013, Golub Capital was awarded
Finance Monthly's Global Awards 2013 "Credit Asset Manager of the
Year," and DealMakers M&A Awards 2013 "Middle Market Lender of
the Year." In 2012, Golub Capital was awarded ACG New York
Champion's Award for "Senior Lender Firm of the Year" and the
M&A Advisor award for "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.