NEW YORK, Jan. 11, 2019
/PRNewswire/ -- Golub Capital BDC, Inc. (NASDAQ: GBDC,
www.golubcapitalbdc.com), a business development company, today
announced that it originated $203.1
million in new middle-market investment commitments during
the three months ended December 31, 2018. Approximately 77% of
the new middle-market investment commitments were one stop loans,
20% were senior secured loans and approximately 3% were
subordinated debt and equity securities. Of the new middle-market
investment commitments, $193.3
million funded at close. During the three months ended
December 31, 2018, Golub Capital BDC, Inc. had a net return of
capital of $2.3 million from Senior
Loan Fund LLC, an unconsolidated Delaware limited liability company ("SLF"),
that invests in senior secured loans and is co-managed by Golub
Capital BDC, Inc. and RGA Reinsurance Company.
Total investments at fair value are estimated to have increased
by approximately 7.6%, or $135.6
million, during the three months ended December 31,
2018 after factoring in debt repayments, sales of securities, net
fundings on revolvers and net change in unrealized gains (losses).
Total investments at fair value held by SLF are estimated to have
decreased by approximately 2.6%, or $4.7
million, during the three months ended December 31,
2018 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. ("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 one-stop and other senior secured
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, award-winning private
debt platform with over $25 billion
of capital under management. Golub Capital's Middle Market Lending
business seeks to deliver reliable, creative and compelling
financing solutions to U.S. middle market companies backed by
private equity sponsors. The Middle Market Lending team has
particular domain expertise in select industries, including
software, technology services, healthcare, consumer and restaurant
and retail. The firm's credit expertise also forms the foundation
of its Late Stage Lending business and its Broadly Syndicated Loan
investment program. Across its activities, Golub Capital seeks
long-term, win-win partnerships that it believes it will inspire
repeat business from its private equity sponsor clients and
investors. Founded in 1994, Golub Capital today has over 350
employees and lending offices in Chicago, New
York and San Francisco. For
more information, please visit 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.