Indenture to but excluding June 21, 2021. Golub Capital BDC’s wholly-owned direct subsidiary, GCIC CLO II Depositor LLC, was and remains the sole owner of the equity of the GCIC 2018 Issuer. The Class A-2-R GCIC 2018 Notes offered in the refinancing of the GCIC 2018 Debt Securitization were issued by and are secured obligations of the GCIC 2018 Issuer. The other material terms of the GCIC 2018 Debt Securitization were unchanged;
•
“2020 Debt Securitization” refers to the $330.4 million term debt securitization, of which $297.4 million was funded at closing, that we completed on August 26, 2020, in which Golub Capital BDC CLO 4 LLC, a Delaware LLC, and our indirect subsidiary, or the “2020 Issuer,” issued an aggregate of $330.4 million of notes, or the “2020 Notes,” including $137.5 million of AAA Class A-1 2020 Notes, which bear interest at the three-month LIBOR plus 2.35%, $10.5 million of AAA Class A-2 2020 Notes, which bear interest at the three-month LIBOR plus 2.75%, $21.0 million of AA Class B 2020 Notes, which bear interest at the three-month LIBOR plus 3.20%, up to $33.0 million A Class C 2020 Notes, which remained unfunded upon closing of the transactions, and, if funded, will bear interest at the three-month LIBOR plus a spread set in connection with the funding date but which in no event will be greater than 3.65%, and approximately $108.4 million of Subordinated 2020 Notes, which do not bear interest. As part of the 2020 Debt Securitization, we also entered into a credit agreement upon closing pursuant to which various financial institutions and other persons, which are, or may become, parties thereto as lenders committed to make $20.0 million of AAA Class A-1-L loans to us, or the “2020 Loans,” which bear interest at the three-month LIBOR plus 2.35% and were fully drawn upon closing of the transactions;
•
“Debt Securitizations” refers collectively to, the 2018 Debt Securitization, the GCIC 2018 Debt Securitization and the 2020 Debt Securitization and each, a “Debt Securitization;”
•
“Revolving Credit Facilities” refers collectively to the JPM Credit Facility and the MS Credit Facility II, and each a “Revolving Credit Facility;”
•
“MS Credit Facility II” refers to the senior secured revolving credit facility that Golub Capital BDC Funding II, LLC, a Delaware LLC and our direct subsidiary, or “Funding II”, entered into on February 1, 2019, with Morgan Stanley Senior Funding, Inc., as the administrative agent, each of the lenders from time to time party thereto, each of the securitization subsidiaries from time to time party thereto, and Wells Fargo Bank, N.A., as collateral agent, account bank and collateral custodian, as most recently amended on April 13, 2021, that allows for borrowing of up to $75.0 million, provided, that the borrowing capacity may be increased pursuant to an uncommitted “accordion” feature, which allows Funding II to increase the borrowing capacity under the MS Credit Facility II up to an aggregate of $275.0 million with the consent of the administrative agent and each lender under the facility whose commitment would be increased. The MS Credit Facility II bears interest at the applicable base rate plus 2.05% per annum through the revolving period, which ends April 12, 2024, and bears interest at the applicable base rate plus 2.55% following the revolving period through the stated maturity date of April 12, 2026;
•
“JPM Credit Facility” refers to the senior secured revolving credit facility that we entered into on February 11, 2021 with JPMorgan Chase Bank, N.A. as administrative agent and collateral agent, and the bank participants acting as lenders that allows for borrowing in an initial aggregate amount of up to $475.0 million as of February 11, 2021 in U.S. dollars and certain agreed upon foreign currencies. The interest rate on the borrowings under the facility ranges from one-month LIBOR plus 1.75% to one-month LIBOR plus 1.875%, through the maturity date of February 11, 2026;
•
“Adviser Revolver” refers to the line of credit with GC Advisors, which, as of March 31, 2021, allowed for borrowing up to $100.0 million;
•
“Merger” refers to the merger, on September 16, 2019, of Fifth Ave Subsidiary Inc., our wholly owned subsidiary, with and into GCIC, with GCIC as the surviving company, together with, unless the context otherwise requires, the merger that occurred immediately after the initial merger on September 16, 2019 of GCIC with and into Golub Capital BDC, Inc., with Golub Capital BDC, Inc., as the surviving company; at the effective time of the Merger, each outstanding share of GCIC’s