NEW YORK, July 23, 2018 /PRNewswire/ -- Golub Capital
BDC, Inc. (NASDAQ: GBDC), ("Golub Capital BDC" or the "Company"), a
business development company, today announced the closing of a new
$300 million credit facility ("Credit
Facility") with Morgan Stanley Bank, N.A., as lender. The Credit
Facility has a revolving availability period that extends through
January 21, 2019 and a final maturity
date of March 20, 2019. During
the revolving availability period, the Credit Facility will bear
interest at a rate equal to the one-month London Interbank Offered
Rate ("LIBOR") plus 1.90%. Commencing on the last day of the
revolving availability period, the interest rate on borrowings
under the Credit Facility will reset to one-month LIBOR plus 2.15%
for the remaining term.
In connection with entry into the Credit Facility, on
July 20, 2018, the Company redeemed
the outstanding notes issued as part of the $350.0 million term debt securitization (also
known as a collateralized loan obligation, or CLO) that was
initially completed on July 16, 2010
(the "2010 Debt Securitization"). Following such redemption, the
agreements governing the 2010 Debt Securitization were
terminated. The notes issued as part of the 2010 Debt
Securitization would have otherwise matured on July 20, 2023.
ABOUT 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"). For more information, please visit
www.golubcapitalbdc.com.
ABOUT GOLUB CAPITAL
Golub Capital is a nationally recognized credit asset manager
with over $25 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 350
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.