GOLUB CAPITAL BDC, INC. ANNOUNCES $247.0 MILLION IN NEW MIDDLE-MARKET ORIGINATIONS FOR ITS FISCAL YEAR 2023 FIRST QUARTER

Rhea-AI Summary

Golub Capital BDC, Inc. (GBDC) announced $247.0 million in new middle-market investment commitments for the three months ended December 31, 2022. Of these, $216.5 million was funded at close, with 93% as one stop loans, 3% as senior secured loans, and 4% in equity and other securities. Total investments at fair value increased by 0.1%, or $5.6 million, factoring in debt repayments and market fluctuations. GBDC continues to focus on providing financing to middle-market companies supported by private equity.

Positive

• $247.0 million in new middle-market investment commitments.
• $216.5 million funded at close.
• 0.1% increase in total investments at fair value.

Negative

• None.

NEW YORK, Jan. 10, 2023 /PRNewswire/ -- Golub Capital BDC, Inc. ("GBDC") (Nasdaq: GBDC, www.golubcapitalbdc.com), a business development company, today announced that it originated $247.0 million in new middle-market investment commitments during the three months ended December 31, 2022. Approximately 93% of the new middle-market investment commitments were one stop loans, 3% were senior secured loans and 4% were equity and other securities. Of the new middle-market investment commitments, $216.5 million funded at close.

Total investments at fair value are estimated to have increased by approximately 0.1%, or $5.6 million, during the three months ended December 31, 2022 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 October 1, 2022, Golub Capital had over 725 employees and over $55 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.

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SOURCE Golub Capital BDC, Inc.

FAQ

What were the total new investment commitments announced by GBDC?

Golub Capital BDC, Inc. announced total new investment commitments of $247.0 million.

How much of the total commitments were funded at close?

Of the total commitments, $216.5 million was funded at close.

What percentage of the new investment commitments were one stop loans?

Approximately 93% of the new investment commitments were one stop loans.

How did GBDC's total investments at fair value change?

Total investments at fair value increased by approximately 0.1%, or $5.6 million.

When was the press release issued by GBDC?

The press release was issued on January 10, 2023.