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Golub Capital BDC, Inc. (Nasdaq: GBDC) is a business development company that operates as an externally managed closed-end non-diversified management investment company. Founded with the purpose of providing financing solutions to middle-market companies in the United States, GBDC primarily focuses on debt and minority equity investments. The company specifically seeks out opportunities in senior secured, one-stop, unitranche, second lien, subordinated, and mezzanine loans, as well as warrants.
Collaborating closely with private equity sponsors, Golub Capital BDC aims to generate current income and capital appreciation for its investors. The company’s investment strategy involves engaging with firms that are generally rated below investment grade by independent rating agencies, providing a potentially higher yield in exchange for increased risk.
GBDC's portfolio is diversified across sectors, benefiting from strong partnerships and an experienced management team. The company's recent achievements include continuous portfolio growth and successful financing rounds, underscoring its commitment to delivering value to shareholders.
Stay updated with the latest news and developments on Golub Capital BDC, Inc. for insights into their performance, upcoming projects, and significant milestones.
Golub Capital BDC (Nasdaq: GBDC) has priced a $150 million public offering of 6.000% notes due 2029. These notes will be combined with the previously issued $600 million notes, bringing the total to $750 million. The notes mature on July 15, 2029, with an option for early redemption before June 15, 2029. The proceeds will be used to repay outstanding debt under the JPM Credit Facility or the $383.6 million term debt securitization from Golub Capital BDC 3 CLO 2 The offering is expected to close on December 3, 2024.
Golub Capital BDC (Nasdaq: GBDC) reported financial results for Q4 FY2024. Net investment income was $0.45 per share, compared to $0.46 in Q3. The company declared a quarterly distribution of $0.39 per share and a supplemental distribution of $0.04 per share. Total investments in portfolio companies reached $8.2 billion across 381 portfolio companies. Net asset value per share decreased to $15.19 from $15.32 in the previous quarter. The company completed a $2.2 billion term debt securitization and increased its revolving credit facility commitments to $1.9 billion. GBDC repurchased approximately $4.8 million of common stock during the quarter.
Golub Capital BDC (GBDC) has announced several debt funding initiatives to reduce borrowing costs and enhance investment flexibility. The company completed a $2.2 billion term debt securitization and fully redeemed three existing debt securitizations totaling $1.91 billion. GBDC increased its JPM Credit Facility commitments to $1.897 billion and plans to terminate the DB Credit Facility. The 2024 Debt Securitization includes $1.192 billion of senior AAA-rated notes at SOFR plus 1.56% and $171.6 million of junior AAA-rated notes at SOFR plus 1.75%. These changes aim to reduce overall debt costs, extend debt maturity, and provide additional investment liquidity while maintaining the company's credit ratings.
Golub Capital BDC, Inc. (NASDAQ: GBDC), a business development company, has announced the schedule for releasing its fiscal year 2024 fourth quarter results. The company will report its financial results for the quarter and year ended September 30, 2024 on Tuesday, November 19, 2024 after the financial markets close.
An earnings conference call is scheduled for Wednesday, November 20, 2024 at 10:00 a.m. (Eastern Time) to discuss the quarterly financial results. Interested parties can join the call by dialing (888) 330-3529 for domestic callers or (646) 960-0656 for international callers. Participants should reference Golub Capital BDC, Inc. when prompted.
An archived replay of the call will be available until December 4, 2024 at 11:59 p.m. (Eastern Time). To access the replay, dial (800) 770-2030 for domestic callers or (609) 800-9909 for international callers, using program ID number 5111111.
Golub Capital BDC, a business development company (Nasdaq: GBDC), has announced its fiscal year 2024 third-quarter financial results, covering the period ended June 30, 2024. The company also declared a quarterly distribution of $0.39 per share and a supplemental distribution of $0.05 per share. The total investment portfolio value increased to $7.87 billion from $5.39 billion in the previous quarter. Net asset value per share rose to $15.32 from $15.12. However, net investment income per share decreased to $0.46 from $0.51, and earnings per share fell to $0.05 from $0.55. Adjusted net investment income per share was $0.48 compared to $0.51 in the prior quarter. GBDC reported net realized and unrealized losses of $0.41 per share, primarily due to the restructuring of debt and equity investments.
Golub Capital BDC (NASDAQ: GBDC) will release its fiscal Q3 2024 results on Monday, August 5, 2024, after market close. The company will host an earnings call on Tuesday, August 6, 2024, at 11:00 AM ET to discuss these results. Interested parties can join the call by dialing (888) 596-4144, and international callers can dial (646) 968-2525, referencing Golub Capital BDC. A replay will be available until August 20, 2024, via (800) 770-2030 or (609) 800-9909 for international dialers, using program ID 5111111.
Golub Capital BDC (GBDC) has completed its merger with Golub Capital BDC 3, making GBDC the fifth-largest publicly traded business development company by assets, with $8.8 billion in total assets. Shareholders of GBDC 3 received 0.9138 shares of GBDC for each of their shares. This merger is projected to increase GBDC's net asset value by 2.1% as of March 31, 2024. Additionally, GBDC declared special distributions totaling $0.15 per share, to be paid over three quarters. The incentive fee reductions from GC Advisors became permanent with the merger close.
Golub Capital BDC (Nasdaq: GBDC) announced that its stockholders approved the proposed merger with Golub Capital BDC 3 at a special meeting on May 29, 2024. The merger received overwhelming support, with 98% of GBDC and GBDC 3 stockholders voting in favor. The merger is anticipated to close in June 2024, subject to customary closing conditions. CEO David B. Golub expressed gratitude towards the stockholders and independent directors for their support and thorough evaluation. He emphasized the mutual benefits expected from the merger for all stockholders involved.
Golub Capital BDC, Inc. announced its second fiscal quarter financial results for 2024, showcasing impressive figures. With the highest-ever Adjusted Net Investment Income, the company declared a supplemental distribution of $0.06 per share on top of a $0.39 quarterly distribution. Key financial highlights include $5,394.7 million in investment portfolio value, $5,942.6 million in total assets, and a net asset value per share of $15.12. The quarter ended with net investment income per share at $0.51, a realized gain per share of $0.04, and earnings per share of $0.55.
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