NEW YORK, Jan. 9, 2020 /PRNewswire/ -- Golub Capital BDC,
Inc. ("GBDC") (Nasdaq: GBDC, www.golubcapitalbdc.com), a business
development company, today announced that it originated
$271.1 million in new middle-market
investment commitments during the three months ended
December 31, 2019. Approximately 95% of the new middle-market
investment commitments were one stop loans, 4% were senior secured
loans and 1% were equity securities. Of the new middle-market
investment commitments, $257.6
million funded at close.
Total investments at fair value are estimated to
have increased by approximately 3.7%, or $160.9
million, during the three months ended December 31,
2019 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 market-leading, award-winning private debt
platform with over $30 billion of
capital under management. Golub Capital's Middle Market Lending
business specializes in delivering 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 nurtures
long-term, win-win partnerships that inspire repeat business from
its private equity sponsor clients and investors. Founded over 25
years ago, Golub Capital today has over 450 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.
View original
content:http://www.prnewswire.com/news-releases/golub-capital-bdc-inc-announces-271-1-million-in-new-middle-market-originations-for-its-fiscal-year-2020-first-quarter-300984531.html
SOURCE Golub Capital BDC, Inc.