CHICAGO, April 10, 2014 /PRNewswire/ -- Golub Capital
BDC, Inc. (NASDAQ: GBDC, www.golubcapitalbdc.com), a business
development company, today announced that it originated
$173.5 million in new middle-market
investment commitments during the three months ended March 31, 2014. Approximately 14% of the
new middle-market investment commitments were senior secured loans,
85% were one stop loans and 1% were equity securities. Of the
new middle-market investment commitments, $151.5 million funded at close. In
addition, during the three months ended March 31, 2014, Golub Capital BDC, Inc. invested
$9.0 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
$73.7 million during the three months
ended March 31, 2014 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. invests primarily in senior secured, one
stop, second lien and subordinated loans of, and warrants and
minority equity securities in, 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 $10 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 $200 million per transaction.
Golub Capital has been a top 3 Traditional Middle Market
Bookrunner each year from 2008 through 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.