Golub Capital BDC, Inc. Announces Fiscal Year 2024 Fourth Quarter Financial Results
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 (Nasdaq: GBDC) ha comunicato i risultati finanziari per il quarto trimestre dell'anno fiscale 2024. Il reddito netto da investimenti è stato di $0,45 per azione, rispetto a $0,46 nel terzo trimestre. L'azienda ha dichiarato una distribuzione trimestrale di $0,39 per azione e una distribuzione supplementare di $0,04 per azione. Gli investimenti totali nelle aziende del portafoglio hanno raggiunto $8,2 miliardi attraverso 381 società del portafoglio. Il valore netto dell'attivo per azione è diminuito a $15,19 rispetto a $15,32 del trimestre precedente. L'azienda ha completato una cartolarizzazione di debito di $2,2 miliardi e ha aumentato gli impegni della sua linea di credito revolving a $1,9 miliardi. GBDC ha riacquistato circa $4,8 milioni di azioni ordinarie durante il trimestre.
Golub Capital BDC (Nasdaq: GBDC) reportó resultados financieros para el cuarto trimestre del año fiscal 2024. El ingreso neto por inversiones fue de $0,45 por acción, comparado con $0,46 en el tercer trimestre. La compañía declaró una distribución trimestral de $0,39 por acción y una distribución suplementaria de $0,04 por acción. Las inversiones totales en empresas del portafolio alcanzaron los $8,2 mil millones a través de 381 empresas. El valor neto de los activos por acción disminuyó a $15,19 desde $15,32 en el trimestre anterior. La compañía completó una titulización de deuda a plazo de $2,2 mil millones y aumentó sus compromisos de línea de crédito revolvente a $1,9 mil millones. GBDC recompró aproximadamente $4,8 millones de acciones ordinarias durante el trimestre.
골럽 캐피탈 BDC (Nasdaq: GBDC)는 2024 회계연도 4분기 재무 결과를 발표했습니다. 순 투자 수익은 주당 $0.45로, 3분기의 $0.46와 비교됩니다. 회사는 주당 $0.39의 분기 배당금과 주당 $0.04의 추가 배당금을 선언했습니다. 포트폴리오 회사에 대한 총 투자는 381개의 포트폴리오 회사를 통해 $82억에 달했습니다. 주당 순자산 가치는 이전 분기의 $15.32에서 $15.19로 감소했습니다. 회사는 $22억의 만기 채무 증권화를 완료하고 회전 신용 시설의 약속을 $19억으로 늘렸습니다. GBDC는 분기 동안 약 $48만 달러의 보통주를 재매입했습니다.
Golub Capital BDC (Nasdaq: GBDC) a rendu compte des résultats financiers pour le quatrième trimestre de l'exercice 2024. Le revenu net d'investissement était de 0,45 $ par action, contre 0,46 $ au troisième trimestre. La société a déclaré une distribution trimestrielle de 0,39 $ par action et une distribution supplémentaire de 0,04 $ par action. Les investissements totaux dans les entreprises du portefeuille ont atteint 8,2 milliards $ à travers 381 entreprises du portefeuille. La valeur nette des actifs par action a diminué à 15,19 $ par rapport à 15,32 $ au trimestre précédent. La société a complété une titrisation de dettes à terme de 2,2 milliards $ et a augmenté ses engagements de facilité de crédit renouvelable à 1,9 milliard $. GBDC a racheté environ 4,8 millions $ d'actions ordinaires au cours du trimestre.
Golub Capital BDC (Nasdaq: GBDC) hat die Finanzergebnisse für das vierte Quartal des Geschäftsjahres 2024 veröffentlicht. Das Nettoinvestitionseinkommen betrug $0,45 pro Aktie, verglichen mit $0,46 im dritten Quartal. Das Unternehmen erklärte eine vierteljährliche Ausschütung von $0,39 pro Aktie sowie eine supplemental Ausschütung von $0,04 pro Aktie. Die Gesamtsumme der Investitionen in Portfolio-Unternehmen belief sich auf $8,2 Milliarden über 381 Portfolio-Unternehmen. Der Nettoinventarwert pro Aktie sank von $15,32 auf $15,19 im vorherigen Quartal. Das Unternehmen schloss eine Verbriefung von Termindarlehen in Höhe von $2,2 Milliarden ab und erhöhte die Verpflichtungen seiner revolvierenden Kreditfazilität auf $1,9 Milliarden. GBDC kaufte im Quartal etwa $4,8 Millionen an Stammaktien zurück.
- Net investment income remained strong at $0.45 per share
- Portfolio growth to $8.2 billion from $7.9 billion in previous quarter
- Secured $2.2 billion term debt securitization
- Increased revolving credit facility to $1.9 billion from $1.8 billion
- Net asset value per share declined to $15.19 from $15.32
- Net realized/unrealized loss of $0.09 per share
- Debt-to-equity ratio increased to 1.16x
Insights
Declares Quarterly Distribution of
Except where the context suggests otherwise, the terms “we,” “us,” “our,” and “Company” refer to Golub Capital BDC, Inc. and its consolidated subsidiaries. “GC Advisors” refers to GC Advisors LLC, our investment adviser.
SELECTED FINANCIAL HIGHLIGHTS |
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(in thousands, expect per share data) |
|
|
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||||
|
September 30, 2024 |
|
June 30, 2024 |
||||
Investment portfolio, at fair value |
$ |
8,235,411 |
|
|
$ |
7,867,514 |
|
Total assets |
$ |
8,705,978 |
|
|
$ |
8,477,205 |
|
Net asset value per share |
$ |
15.19 |
|
|
$ |
15.32 |
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|
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|
||||
|
Quarter Ended |
||||||
|
September 30, 2024 |
|
June 30, 2024 |
||||
Net investment income per share |
$ |
0.45 |
|
|
$ |
0.46 |
|
Amortization of purchase premium per share |
|
0.02 |
|
|
|
0.02 |
|
Adjusted net investment income per share1 |
$ |
0.47 |
|
|
$ |
0.48 |
|
|
|
|
|
||||
Net realized/unrealized gain/(loss) excluding write-down of purchase premium per share |
$ |
(0.09 |
) |
|
$ |
(0.15 |
) |
Unrealized (loss) from the write-down of the GBDC 3 purchase premium per share1 |
|
— |
|
|
|
(0.26 |
) |
Net realized/unrealized gain/(loss) per share |
$ |
(0.09 |
) |
|
$ |
(0.41 |
) |
Reversal of unrealized (loss) resulting from the write-down of the GBDC 3 purchase premium per share1 |
|
— |
|
|
|
0.26 |
|
Reversal of realized/unrealized loss resulting from the amortization of purchase premium per share1 |
|
(0.02 |
) |
|
|
(0.02 |
) |
Adjusted net realized/unrealized gain/(loss) per share1 |
$ |
(0.11 |
) |
|
$ |
(0.17 |
) |
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|
|
|
||||
Earnings/(loss) per share |
$ |
0.36 |
|
|
$ |
0.05 |
|
Adjusted earnings/(loss) per share1 |
$ |
0.36 |
|
|
$ |
0.31 |
|
|
|
|
|
||||
Net asset value per share |
$ |
15.19 |
|
|
$ |
15.32 |
|
Distributions paid per share |
$ |
0.49 |
|
|
$ |
0.50 |
|
1 |
On September 16, 2019 and June 3, 2024, the Company completed its acquisition of Golub Capital Investment Corporation (“GCIC”) and Golub Capital BDC 3, Inc. (“GBDC 3”), respectively. Each acquisition was accounted for under the asset acquisition method of accounting in accordance with Accounting Standards Codification 805-50, Business Combinations — Related Issues. Under asset acquisition accounting, where the consideration paid to GCIC and GBDC 3’s stockholders exceeded the relative fair values of the assets acquired, the premium paid by the Company was allocated to the cost of the GCIC and GBDC 3 investments acquired by the Company pro-rata based on their relative fair value. Immediately following each acquisition, the Company recorded its assets at their respective fair values and, as a result, the purchase premium allocated to the cost basis of the assets acquired was immediately recognized as unrealized depreciation on the Company's Consolidated Statement of Operations. The purchase premium allocated to investments in loan securities acquired from GCIC and GBDC 3 will amortize over the life of the loans through interest income with a corresponding reversal of the unrealized depreciation on such loans acquired through their ultimate disposition. The purchase premium allocated to investments in equity securities will not amortize over the life of the equity securities through interest income and, assuming no subsequent change to the fair value of the GCIC and GBDC 3 equity securities acquired and disposition of such equity securities at fair value, the Company will recognize a realized loss with a corresponding reversal of the unrealized depreciation upon disposition of the GCIC and GBDC 3 equity securities acquired.
As a supplement to
The Company believes that excluding the financial impact of the purchase premium write down in the above non-GAAP financial measures is useful for investors as it is a non-cash expense/loss resulting from the acquisitions of GCIC and GBDC 3 and is one method the Company uses to measure its financial condition and results of operations. In addition, the Company believes excluding the accrual of the capital gain incentive fee under GAAP is useful as a portion of such accrual is not contractually payable under the terms of the Company’s investment advisory agreement with GC Advisors. |
Fourth Fiscal Quarter 2024 Highlights
-
Net investment income per share for the quarter ended September 30, 2024 was
$0.45 $0.46 $0.02 $0.47 $0.48 $0.02 -
Net realized and unrealized gain/(loss) per share for the quarter ended September 30, 2024 was
$(0.09) $(0.11) $0.02 $(0.41) $(0.17) $0.02 $0.26 -
Earnings per share for the quarter ended September 30, 2024 was
$0.36 $0.05 $0.36 $0.31 -
Net asset value per share decreased to
$15.19 $15.32 -
On June 2, 2024, our board of directors declared a series of special distributions totaling
$0.15 $0.05 -
On September 13, 2024 we paid a supplemental distribution of
$0.04 $0.05 $0.39 -
On November 14, 2024, our board of directors declared a quarterly distribution of
$0.39 $0.04 -
During the three months ended September 30, 2024, GBDC repurchased approximately
$4.8 million -
During the three months ended September 30, 2024, the Golub Capital Employee Grant Program Rabbi Trust (the “Trust”) purchased approximately
$8.1 million $8.2 million
| _________________________ | ||
1 See footnote 1 to “Selected Financial Highlights” above. |
Portfolio and Investment Activities
As of September 30, 2024, the Company had investments in 381 portfolio companies with a total fair value of
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As of September 30, 2024 |
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As of June 30, 2024 |
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Investments |
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Percentage of |
|
Investments |
|
Percentage of |
||||
|
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at Fair Value |
|
Total |
|
at Fair Value |
|
Total |
||||
Investment Type |
|
(In thousands) |
|
Investments |
|
(In thousands) |
|
Investments |
||||
Senior secured |
|
$ |
502,386 |
|
6.1 |
% |
|
$ |
567,375 |
|
7.2 |
% |
One stop |
|
|
7,110,258 |
|
86.3 |
|
|
|
6,734,334 |
|
85.6 |
|
Junior debt* |
|
|
44,229 |
|
0.6 |
|
|
|
40,270 |
|
0.5 |
|
Equity |
|
|
578,538 |
|
7.0 |
|
|
|
525,535 |
|
6.7 |
|
Total |
|
$ |
8,235,411 |
|
100.0 |
% |
|
$ |
7,867,514 |
|
100.0 |
% |
|
|
|
|
|
|
|
|
|
||||
* |
Junior debt is comprised of second lien and subordinated debt. |
The following table shows the asset mix of our new investment commitments for the three months ended September 30, 2024:
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New Investment |
|
|
||
|
Commitments |
|
Percentage of |
||
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(In thousands) |
|
Commitments |
||
|
|
|
|
||
Senior secured |
$ |
58,796 |
|
5.9 |
% |
One stop |
|
933,652 |
|
93.4 |
|
Junior debt* |
|
1,879 |
|
0.2 |
|
Equity |
|
5,493 |
|
0.5 |
|
Total new investment commitments |
$ |
999,820 |
|
100.0 |
% |
|
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||
* |
Junior debt is comprised of second lien and subordinated debt. |
Total investments in portfolio companies at fair value were
Consolidated Results of Operations
For the fourth fiscal quarter of 2024, the Company reported GAAP net income of
Net income can vary substantially from period to period due to various factors, including the level of new investment commitments, the recognition of realized gains and losses and unrealized appreciation and depreciation. As a result, quarterly comparisons of net income may not be meaningful.
| _________________________ | ||
2 See footnote 1 to “Selected Financial Highlights” above. |
Liquidity and Capital Resources
The Company’s liquidity and capital resources are derived from the Company’s debt securitizations (also known as collateralized loan obligations, or CLOs), unsecured notes, revolving credit facilities and cash flow from operations. The Company’s primary uses of funds from operations include investments in portfolio companies and payment of fees and other expenses that the Company incurs. The Company has used, and expects to continue to use, its debt securitizations, unsecured notes, revolving credit facilities, proceeds from its investment portfolio and proceeds from offerings of its securities and its dividend reinvestment plan to finance its investment objectives.
As of September 30, 2024, we had cash, cash equivalents and foreign currencies of
On August 6, 2024, we amended our revolving credit facility with JPMorgan to, among other things, increase the aggregate commitments outstanding to
On November 15, 2024, we entered into an agreement to increase the aggregate commitments outstanding under our credit facility with JPMorgan to
On November 18, 2024, GBDC completed a
On November 19, 2024, all amounts outstanding under the credit facility with Deutsche Bank we assumed from GBDC 3 were repaid, following which the agreements governing our credit facility with Deutsche Bank were terminated.
The Company estimates that our GAAP debt-to-equity ratio increased to 1.16x as of September 30, 2024 and our GAAP debt-to-equity ratio, net3 increased to 1.12x as of September 30, 2024.
| _________________________ | ||
3 GAAP debt to equity, net is calculated as (1) total debt reduced by available cash, cash equivalents, and foreign currencies, divided by (2) total net assets. |
Portfolio and Asset Quality
GC Advisors regularly assesses the risk profile of each of the Company’s investments and rates each of them based on an internal system developed by Golub Capital and its affiliates. This system is not generally accepted in our industry or used by our competitors. It is based on the following categories, which we refer to as GC Advisors’ internal performance ratings:
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Internal Performance Ratings |
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Rating |
|
Definition |
5 |
|
Involves the least amount of risk in our portfolio. The borrower is performing above expectations, and the trends and risk factors are generally favorable. |
4 |
|
Involves an acceptable level of risk that is similar to the risk at the time of origination. The borrower is generally performing as expected, and the risk factors are neutral to favorable. |
3 |
|
Involves a borrower performing below expectations and indicates that the loan’s risk has increased somewhat since origination. The borrower could be out of compliance with debt covenants; however, loan payments are generally not past due. |
2 |
|
Involves a borrower performing materially below expectations and indicates that the loan’s risk has increased materially since origination. In addition to the borrower being generally out of compliance with debt covenants, loan payments could be past due (but generally not more than 180 days past due). |
1 |
|
Involves a borrower performing substantially below expectations and indicates that the loan’s risk has substantially increased since origination. Most or all of the debt covenants are out of compliance and payments are substantially delinquent. Loans rated 1 are not anticipated to be repaid in full and we will reduce the fair market value of the loan to the amount we anticipate will be recovered. |
Our internal performance ratings do not constitute any rating of investments by a nationally recognized statistical rating organization or represent or reflect any third-party assessment of any of our investments. For additional analysis on the Company's internal performance ratings as of September 30, 2024, please refer to the Quarter Ended 9.30.2024 Earnings Presentation available on Investors Resources link on the homepage of the Company's website (www.golubcapitalbdc.com) under Events/Presentations.
The following table shows the distribution of the Company’s investments on the 1 to 5 internal performance rating scale at fair value as of September 30, 2024 and June 30, 2024:
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|
September 30, 2024 |
|
June 30, 2024 |
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Internal |
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Investments |
|
Percentage of |
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Investments |
|
Percentage of |
|
||||
Performance |
|
at Fair Value |
|
Total |
|
at Fair Value |
|
Total |
|
||||
Rating |
|
(In thousands) |
|
Investments |
|
(In thousands) |
|
Investments |
|
||||
5 |
|
$ |
158,656 |
|
1.9 |
% |
|
$ |
126,286 |
|
1.6 |
% |
|
4 |
|
|
7,013,631 |
|
85.2 |
|
|
|
6,893,398 |
|
87.6 |
|
|
3 |
|
|
955,079 |
|
11.6 |
|
|
|
795,362 |
|
10.1 |
|
|
2 |
|
|
108,045 |
|
1.3 |
|
|
|
52,468 |
|
0.7 |
|
|
1 |
|
|
— |
|
— |
|
|
|
— |
|
— |
|
|
Total |
|
$ |
8,235,411 |
|
100.0 |
% |
|
$ |
7,867,514 |
|
100.0 |
% |
|
Conference Call
The Company will host an earnings conference call at 10:00 am (Eastern Time) on Wednesday, November 20, 2024 to discuss the quarterly financial results. All interested parties may participate in the conference call by dialing (888) 330-3529 approximately 10-15 minutes prior to the call; international callers should dial +1 (646) 960-0656. Participants should reference Golub Capital BDC, Inc. when prompted. For a slide presentation that we intend to refer to on the earnings conference call, please visit the Investor Resources link on the homepage of our website (www.golubcapitalbdc.com) and click on the Quarter Ended 9.30.2024 Earnings Presentation under Events/Presentations. An archived replay of the call will be available shortly after the call until 11:59 p.m. (Eastern Time) on December 4, 2024. To hear the replay, please dial (800) 770-2030. International dialers, please dial +1 (609) 800-9909. For all replays, please reference program ID number 5111111.
Golub Capital BDC, Inc. and Subsidiaries |
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Consolidated Statements of Financial Condition |
|
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|
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(In thousands, except share and per share data) |
|
|
|
||||
|
September 30, 2024 |
|
June 30, 2024 |
||||
Assets |
(audited) |
|
(unaudited) |
||||
Investments, at fair value (cost of |
$ |
8,235,411 |
|
|
$ |
7,867,514 |
|
Cash and cash equivalents |
|
123,120 |
|
|
|
141,186 |
|
Unrestricted foreign currencies (cost of |
|
8,044 |
|
|
|
6,327 |
|
Restricted cash and cash equivalents |
|
227,152 |
|
|
|
316,484 |
|
Restricted foreign currencies (cost of |
|
1,236 |
|
|
|
717 |
|
Interest receivable |
|
74,036 |
|
|
|
81,884 |
|
Other assets |
|
36,979 |
|
|
|
63,093 |
|
Total Assets |
$ |
8,705,978 |
|
|
$ |
8,477,205 |
|
|
|
|
|
||||
Liabilities |
|
|
|
||||
Debt |
$ |
4,624,791 |
|
|
$ |
4,337,697 |
|
Less unamortized debt issuance costs |
|
(25,361 |
) |
|
|
(22,232 |
) |
Debt less unamortized debt issuance costs |
|
4,599,430 |
|
|
|
4,315,465 |
|
Interest payable |
|
45,701 |
|
|
|
61,170 |
|
Management and incentive fees payable |
|
33,619 |
|
|
|
14,345 |
|
Accounts payable and accrued expenses |
|
12,699 |
|
|
|
32,582 |
|
Total Liabilities |
|
4,691,449 |
|
|
|
4,423,562 |
|
|
|
|
|
||||
Net Assets |
|
|
|
||||
Preferred stock, par value |
|
— |
|
|
|
— |
|
Common stock, par value |
|
264 |
|
|
|
265 |
|
Paid in capital in excess of par |
|
4,167,258 |
|
|
|
4,217,451 |
|
Distributable earnings |
|
(152,993 |
) |
|
|
(164,073 |
) |
Total Net Assets |
|
4,014,529 |
|
|
|
4,053,643 |
|
Total Liabilities and Total Net Assets |
$ |
8,705,978 |
|
|
$ |
8,477,205 |
|
Number of common shares outstanding |
|
264,277,128 |
|
|
|
264,609,056 |
|
Net asset value per common share |
$ |
15.19 |
|
|
$ |
15.32 |
|
Golub Capital BDC, Inc. and Subsidiaries |
|
|
|
|
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Consolidated Statements of Operations |
|
|
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|
||||
(In thousands, except share and per share data) |
|
|
|
|
||||
|
|
Three months ended |
||||||
|
|
September 30, 2024 |
|
June 30, 2024 |
||||
|
|
(audited) |
|
(unaudited) |
||||
Investment income |
|
|
||||||
Interest income |
|
$ |
222,383 |
|
|
$ |
167,957 |
|
Acquisition purchase price premium amortization |
|
|
(6,178 |
) |
|
|
(3,086 |
) |
Dividend income |
|
|
7,510 |
|
|
|
5,705 |
|
Fee income |
|
|
691 |
|
|
|
695 |
|
Total investment income |
|
|
224,406 |
|
|
|
171,271 |
|
|
|
|
|
|
||||
Expenses |
|
|
|
|
||||
Interest and other debt financing expenses |
|
|
66,595 |
|
|
|
60,116 |
|
Base management fee |
|
|
20,534 |
|
|
|
14,362 |
|
Incentive fee |
|
|
20,852 |
|
|
|
14,400 |
|
Professional fees |
|
|
1,360 |
|
|
|
1,486 |
|
Administrative service fee |
|
|
2,840 |
|
|
|
2,090 |
|
General and administrative expenses |
|
|
346 |
|
|
|
370 |
|
Total expenses |
|
|
112,527 |
|
|
|
92,824 |
|
Incentive fee waived |
|
|
(7,767 |
) |
|
|
(14,400 |
) |
Net expenses |
|
|
104,760 |
|
|
|
78,424 |
|
Net investment income before tax |
|
|
119,646 |
|
|
|
92,847 |
|
Excise and Income tax |
|
|
— |
|
|
|
125 |
|
Net investment income after tax |
|
|
119,646 |
|
|
|
92,722 |
|
|
|
|
|
|
||||
Net gain (loss) on investment transactions |
|
|
|
|
||||
Net realized gain (loss) from: |
|
|
|
|
||||
Investments |
|
|
(32,072 |
) |
|
|
(32,137 |
) |
Foreign currency transactions |
|
|
(409 |
) |
|
|
(6,206 |
) |
Forward currency contracts |
|
|
3,022 |
|
|
|
624 |
|
Net realized gain (loss) in investment transactions |
|
|
(29,459 |
) |
|
|
(37,719 |
) |
Net change in unrealized appreciation (depreciation) from: |
|
|
|
|
||||
Investments |
|
|
3,561 |
|
|
|
(52,622 |
) |
Translation of assets and liabilities in foreign currencies |
|
|
21,948 |
|
|
|
3,709 |
|
Forward currency contracts |
|
|
(20,600 |
) |
|
|
2,972 |
|
Net change in unrealized appreciation (depreciation) on investment transactions |
|
|
4,909 |
|
|
|
(45,941 |
) |
Net gain (loss) on investments |
|
|
(24,550 |
) |
|
|
(83,660 |
) |
Provision for taxes on unrealized appreciation on investments |
|
|
103 |
|
|
|
190 |
|
Net increase (decrease) in net assets resulting from operations |
|
$ |
95,199 |
|
|
$ |
9,252 |
|
|
|
|
|
|
||||
Per Common Share Data |
|
|
|
|
||||
Basic and diluted earnings (loss) per common share |
|
$ |
0.36 |
|
|
$ |
0.05 |
|
Dividends and distributions declared per common share |
|
$ |
0.49 |
|
|
$ |
0.50 |
|
Basic and diluted weighted average common shares outstanding |
|
|
264,439,678 |
|
|
|
199,969,889 |
|
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 private credit 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, 2024, Golub Capital had over 1,000 employees and over
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 source version on businesswire.com: https://www.businesswire.com/news/home/20241119236352/en/
Christopher Ericson
312-212-4036
cericson@golubcapital.com
Source: Golub Capital BDC, Inc.
FAQ
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