CHICAGO, Aug. 15, 2014 /PRNewswire/ -- Golub Capital
BDC, Inc. (NASDAQ: GBDC) announced today that RGA Reinsurance
Company ("RGA") has reached an agreement with United Insurance
Company of America ("United Insurance") pursuant to which United
Insurance has transferred its interest in Senior Loan Fund LLC
("SLF") to RGA. SLF is a joint venture through which GBDC and
its partner co-invest in first lien senior secured loans through an
unconsolidated Delaware limited
liability company. Reinsurance Group of America,
Incorporated, the parent of RGA, is a leading global life reinsurer
with over $40 billion in assets as of
June 30, 2014.
"We are excited about both our new partnership with RGA and the
prospects for SLF going forward," said David Golub, Chief Executive Officer of Golub
Capital BDC, Inc. "We want to thank United Insurance for
their involvement with SLF and wish them well."
"We are very pleased to be partnering with Golub Capital, a
market leader in middle market lending with an outstanding 20-year
track record," said Brian Butchko, Vice President and
Director of U.S. Portfolio Management at RGA.
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 1Q 2014 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.