GOLUB CAPITAL BDC, INC. ANNOUNCES $157.4 MILLION IN NEW MIDDLE-MARKET ORIGINATIONS FOR ITS FISCAL YEAR 2023 SECOND QUARTER

Rhea-AI Summary

Golub Capital BDC, Inc. (GBDC) reported originating $157.4 million in new middle-market investment commitments for the quarter ending March 31, 2023. This comprises 98% one-stop loans and 2% equity and other securities, with $135.1 million funded at close. Total investments at fair value saw a slight increase of 0.6%, or $34.4 million, factoring in debt repayments and unrealized gains/losses during the same period. GBDC continues to focus on senior secured loans primarily for middle-market companies.

Positive

• Originated $157.4 million in new middle-market investment commitments.
• 98% of commitments were in one-stop loans, indicating strong loan demand.
• Total investments at fair value increased by 0.6%, reflecting stability.

Negative

• None.

NEW YORK, April 10, 2023 /PRNewswire/ -- Golub Capital BDC, Inc. ("GBDC") (Nasdaq: GBDC, www.golubcapitalbdc.com), a business development company, today announced that it originated $157.4 million in new middle-market investment commitments during the three months ended March 31, 2023. Approximately 98% of the new middle-market investment commitments were one stop loans and 2% were equity and other securities. Of the new middle-market investment commitments, $135.1 million funded at close.

Total investments at fair value are estimated to have increased by approximately 0.6%, or $34.4 million, during the three months ended March 31, 2023 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. ("GBDC") 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. GBDC invests primarily in one stop and other senior secured loans to middle market companies that are often sponsored by private equity investors. GBDC's investment activities are managed by its investment adviser, GC Advisors LLC, an affiliate of the Golub Capital LLC group of companies ("Golub Capital").

ABOUT GOLUB CAPITAL

Golub Capital is a market-leading, award-winning direct lender and experienced credit asset manager. The firm specializes in delivering reliable, creative and compelling financing solutions to companies backed by private equity sponsors. Golub Capital's sponsor finance expertise also forms the foundation of its Broadly Syndicated Loan and Credit Opportunities investment programs. Golub Capital nurtures long-term, win-win partnerships that inspire repeat business from private equity sponsors and investors.

As of January 1, 2023, Golub Capital had over 775 employees and over $60 billion of capital under management, a gross measure of invested capital including leverage. The firm has lending offices in Chicago, New York, San Francisco and London. 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:https://www.prnewswire.com/news-releases/golub-capital-bdc-inc-announces-157-4-million-in-new-middle-market-originations-for-its-fiscal-year-2023-second-quarter-301793541.html

SOURCE Golub Capital BDC, Inc.

FAQ

What were GBDC's new investment commitments for Q2 2023?

Golub Capital BDC, Inc. announced $157.4 million in new middle-market investment commitments for the quarter ending March 31, 2023.

What percentage of GBDC's new commitments were one-stop loans?

Approximately 98% of GBDC's new middle-market investment commitments were one-stop loans.

Did GBDC's total investments increase or decrease in Q2 2023?

GBDC's total investments at fair value increased by approximately 0.6%, or $34.4 million, during the quarter.

How much was funded at close by GBDC in Q2 2023?

GBDC funded $135.1 million at close out of its new middle-market investment commitments.