Golub Capital BDC, Inc. - GBDC STOCK NEWS

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.

Golub Capital BDC, Inc. announced estimated financial results for the second fiscal quarter ending March 31, 2024. The company reported record Adjusted Net Investment Income per share, reflecting strong performance and a reduced incentive fee rate. Preliminary estimates show Net Investment Income per share between $0.50 to $0.52, with a Net Asset Value per share estimated between $15.10 to $15.14 as of March 31, 2024. The Company originated $22.1 million in new middle-market investment commitments during the quarter. GAAP debt-to-equity ratio decreased to 1.17x as of March 31, 2024. Various debt repayments and redemptions were made during the quarter, impacting the Company's financial position positively. Additionally, the Company filed for a merger with Golub Capital BDC 3, Inc., with special meetings scheduled for May 29, 2024.

Golub Capital BDC, Inc. (GBDC) will release its Q1 2024 financial results on May 6, 2024, followed by an earnings conference call on May 7, 2024. Interested parties can join the call to discuss the quarterly performance.

Golub Capital BDC, Inc. announced its financial results for the first fiscal quarter ended December 31, 2023, with a supplemental distribution of $0.07 per share in addition to the previously declared $0.39 per share quarterly distribution. Net asset value per share increased to $15.03 from $15.02. The company reported Adjusted Net Investment Income of $0.50 per share and Adjusted Realized and Unrealized Gain/(Loss) of ($0.05) per share for the quarter ended December 31, 2023. Additionally, the company declared a quarterly distribution of $0.39 per share, payable on March 29, 2024, and a supplemental distribution of $0.07 per share, payable on March 15, 2024.

Golub Capital BDC, Inc. announced a $600 million public offering of 6.000% notes due 2029, with plans to use the net proceeds to repay outstanding debt and invest in portfolio companies. The offering is expected to close on February 1, 2024, and the company's joint book-running managers include Wells Fargo Securities, J.P. Morgan Securities, and Goldman Sachs & Co. LLC.