NEW YORK, Jan. 12, 2017 /PRNewswire/ -- Golub Capital
BDC, Inc. (the "Company") (NASDAQ: GBDC, www.golubcapitalbdc.com),
a business development company, today announced that its wholly
owned subsidiary, GC SBIC VI, L.P., has received approval for a
license from the United States Small Business Administration
("SBA") to operate as a small business investment company ("SBIC").
This is the third SBIC license granted to the Company through its
SBIC subsidiaries and allows GC SBIC VI, L.P. to obtain up to
$50.0 million of leverage by issuing
SBA-guaranteed debentures, subject to the issuance of a capital
commitment by the SBA and customary procedures. Debentures
are loans issued by an SBIC which have interest payable
semi-annually and a ten-year maturity. The interest rate is fixed
at the time of issuance at a market-driven spread over U.S.
Treasury Notes with ten-year maturities.
As an SBIC, GC SBIC VI, L.P. will be subject to a variety of
regulations and oversight by the SBA concerning, among other
things, the size and nature of the companies in which it may invest
as well as the structure of those investments.
ABOUT GOLUB CAPITAL BDC, INC.
Golub Capital BDC, Inc. ("Golub Capital BDC") is an
externally-managed, non-diversified closed-end management
investment company that has elected to be treated as a business
development company under the Investment Company Act of 1940. Golub
Capital BDC invests primarily in senior secured and one stop loans
of U.S. middle-market companies that are often sponsored by private
equity investors. Golub Capital BDC'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
Golub Capital is a nationally recognized credit asset manager
with over $20 billion of capital
under management. For over 20 years, the firm has provided credit
to help medium-sized U.S. businesses grow. The firm's award-winning
middle market lending business helps provide financing for middle
market companies and their private equity sponsors. Golub Capital's
credit expertise also forms the foundation of its Late Stage
Lending and Broadly Syndicated Loan businesses. Golub Capital has
worked hard to build a reputation as a fast, reliable provider of
compelling financing solutions, and we believe this has inspired
repeat clients and investors. Today, the firm has over 300
employees with lending offices in Chicago, New
York and San Francisco. For
more information, please visit 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.
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SOURCE Golub Capital BDC, Inc.