Golub Capital BDC, Inc. Announces Fiscal Year 2024 Third Quarter Financial Results
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, una società di sviluppo aziendale (Nasdaq: GBDC), ha annunciato i risultati finanziari del terzo trimestre dell'anno fiscale 2024, relativi al periodo concluso il 30 giugno 2024. L'azienda ha inoltre dichiarato una distribuzione trimestrale di $0,39 per azione e una distribuzione supplementare di $0,05 per azione. Il valore totale del portafoglio di investimenti è aumentato a $7,87 miliardi rispetto ai $5,39 miliardi del trimestre precedente. Il valore netto delle attività per azione è salito a $15,32 da $15,12. Tuttavia, il reddito netto da investimenti per azione è diminuito a $0,46 da $0,51, e gli utili per azione sono scesi a $0,05 da $0,55. Il reddito netto da investimenti rettificato per azione era di $0,48 rispetto a $0,51 del trimestre precedente. GBDC ha riportato perdite nette realizzate e non realizzate di $0,41 per azione, principalmente a causa della ristrutturazione di debito e investimenti in equity.
Golub Capital BDC, una empresa de desarrollo empresarial (Nasdaq: GBDC), ha anunciado sus resultados financieros del tercer trimestre del año fiscal 2024, correspondiente al período que finalizó el 30 de junio de 2024. La compañía también declaró una distribución trimestral de $0,39 por acción y una distribución suplementaria de $0,05 por acción. El valor total de la cartera de inversiones aumentó a $7,87 mil millones desde $5,39 mil millones en el trimestre anterior. El valor neto de los activos por acción subió a $15,32 desde $15,12. Sin embargo, el ingreso neto por inversiones por acción disminuyó a $0,46 desde $0,51, y las ganancias por acción cayeron a $0,05 desde $0,55. El ingreso neto por inversiones ajustado por acción fue de $0,48 en comparación con $0,51 en el trimestre anterior. GBDC reportó pérdidas netas realizadas y no realizadas de $0,41 por acción, principalmente debido a la reestructuración de inversiones en deuda y capital.
골럽 캐피탈 BDC(Nasdaq: GBDC)는 회계연도 2024년 3분기 재무 결과를 발표했으며, 이는 2024년 6월 30일에 종료된 기간에 해당합니다. 회사는 또한 주당 $0.39의 분기 배당금과 주당 $0.05의 추가 배당금을 선언했습니다. 총 투자 포트폴리오 가치는 이전 분기의 $5.39억에서 $7.87억으로 증가했습니다. 주당 순 자산 가치는 $15.32로 상승했으며, 이전에는 $15.12였습니다. 그러나, 주당 순 투자 소득은 $0.51에서 $0.46으로 감소하였고, 주당 수익은 $0.55에서 $0.05으로 떨어졌습니다. 조정된 주당 순 투자 소득은 이전 분기의 $0.51과 비교하여 $0.48이었습니다. GBDC는 주당 $0.41의 순 실현 및 미실현 손실을 보고했으며, 이는 주로 부채 및 자본 투자 구조조정으로 인한 것입니다.
Golub Capital BDC, une société de développement commercial (Nasdaq: GBDC), a annoncé ses résultats financiers du troisième trimestre de l'exercice 2024, couvrant la période se terminant le 30 juin 2024. La société a également déclaré une distribution trimestrielle de 0,39 $ par action et une distribution supplémentaire de 0,05 $ par action. La valeur totale du portefeuille d'investissement a augmenté à 7,87 milliards de dollars contre 5,39 milliards de dollars au trimestre précédent. La valeur nette des actifs par action a augmenté à 15,32 $, contre 15,12 $ auparavant. Cependant, le revenu net d'investissement par action a diminué à 0,46 $ contre 0,51 $, et les bénéfices par action ont chuté à 0,05 $ contre 0,55 $. Le revenu net d'investissement ajusté par action était de 0,48 $ par rapport à 0,51 $ au trimestre précédent. GBDC a rapporté des pertes nettes réalisées et non réalisées de 0,41 $ par action, principalement en raison de la restructuration des investissements en dette et en capitaux propres.
Golub Capital BDC, ein Unternehmen für Unternehmensentwicklung (Nasdaq: GBDC), hat die Finanzdaten für das dritte Quartal des Geschäftsjahres 2024 veröffentlicht, das zum 30. Juni 2024 endete. Das Unternehmen erklärte außerdem eine vierteljährliche Ausschüttung von 0,39 $ pro Aktie und eine zusätzliche Ausschüttung von 0,05 $ pro Aktie. Der Gesamtwert des Investitionsportfolios stieg von 5,39 Milliarden $ im vorherigen Quartal auf 7,87 Milliarden $. Der Nettovermögenswert pro Aktie stieg von 15,12 $ auf 15,32 $. Allerdings sank das Nettoinvestitionseinkommen pro Aktie von 0,51 $ auf 0,46 $, und die Erträge pro Aktie fielen von 0,55 $ auf 0,05 $. Das bereinigte Nettoinvestitionseinkommen pro Aktie betrug 0,48 $ im Vergleich zu 0,51 $ im vorherigen Quartal. GBDC berichtete über realisierte und nicht realisierte Nettoverluste von 0,41 $ pro Aktie, hauptsächlich aufgrund der Umstrukturierung von Schuld- und Eigenkapitalinvestitionen.
- Investment portfolio value increased to $7.87 billion from $5.39 billion.
- Net asset value per share rose to $15.32 from $15.12.
- Quarterly distribution of $0.39 per share and supplemental distribution of $0.05 per share declared.
- Net investment income per share decreased to $0.46 from $0.51.
- Earnings per share fell to $0.05 from $0.55.
- Net realized and unrealized losses of $0.41 per share.
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 |
|
|
|
|||
|
|
|
|
|||
(in thousands, expect per share data) |
|
|
|
|||
|
June 30, 2024 |
|
March 31, 2024 |
|||
Investment portfolio, at fair value |
$ |
7,867,514 |
|
|
$ |
5,394,737 |
Total assets |
$ |
8,477,205 |
|
|
$ |
5,942,626 |
Net asset value per share |
$ |
15.32 |
|
|
$ |
15.12 |
|
|
|
|
|||
|
Quarter Ended |
|||||
|
June 30, 2024 |
|
March 31, 2024 |
|||
Net investment income per share |
$ |
0.46 |
|
|
$ |
0.51 |
Amortization of purchase premium per share |
|
0.02 |
|
|
0.00 * |
|
Adjusted net investment income per share1 |
$ |
0.48 |
|
|
$ |
0.51 |
|
|
|
|
|||
Net realized/unrealized gain/(loss) excluding write-down of purchase premium per share |
$ |
(0.15 |
) |
|
$ |
0.04 |
Unrealized (loss) from the write-down of the GBDC 3 purchase premium per share1 |
|
(0.26 |
) |
|
|
— |
Net realized/unrealized gain/(loss) per share |
$ |
(0.41 |
) |
|
$ |
0.04 |
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 |
) |
|
(0.00)* |
|
Adjusted net realized/unrealized gain/(loss) per share1 |
$ |
(0.17 |
) |
|
$ |
0.04 |
|
|
|
|
|||
Earnings/(loss) per share |
$ |
0.05 |
|
|
$ |
0.55 |
Adjusted earnings/(loss) per share1 |
$ |
0.31 |
|
|
$ |
0.55 |
|
|
|
|
|||
Net asset value per share |
$ |
15.32 |
|
|
$ |
15.12 |
Distributions paid per share |
$ |
0.50 |
|
|
$ |
0.46 |
|
|
|
|
|||
* Represents an amount less than |
||||||
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. |
Third Fiscal Quarter 2024 Highlights
-
Net investment income per share for the quarter ended June 30, 2024 was
$0.46 $0.51 $0.02 $0.48 $0.51 $0.01
-
Net realized and unrealized gain/(loss) per share for the quarter ended June 30, 2024 was
$(0.41) $(0.17) $0.02 $0.26 $0.04 $0.04 $0.01
-
Earnings per share for the quarter ended June 30, 2024 was
$0.05 $0.55 $0.31 $0.55
-
Net asset value per share increased to
$15.32 $15.12
-
On June 2, 2024, our board of directors declared a series of special distributions totaling
$0.15 $0.05
-
Special distribution #1 of
$0.05
-
Special distribution #2 of
$0.05
-
Special distribution #3 of
$0.05
-
On June 14, 2024 we paid a supplemental distribution of
$0.06 $0.39 $0.05
-
On August 2, 2024, our board of directors declared a quarterly distribution of
$0.39 $0.05
| _________________________ | |
1 |
See footnote 1 to “Selected Financial Highlights” above. |
Portfolio and Investment Activities
As of June 30, 2024, the Company had investments in 380 portfolio companies with a total fair value of
|
|
As of June 30, 2024 |
|
As of March 31, 2024 |
||||||||
|
|
Investments |
|
Percentage of |
|
Investments |
|
Percentage of |
||||
|
|
at Fair Value |
|
Total |
|
at Fair Value |
|
Total |
||||
Investment Type |
|
(In thousands) |
|
Investments |
|
(In thousands) |
|
Investments |
||||
Senior secured |
|
$ |
567,375 |
|
7.2 |
% |
|
$ |
434,472 |
|
8.0 |
% |
One stop |
|
|
6,734,334 |
|
85.6 |
|
|
|
4,602,923 |
|
85.3 |
|
Junior debt* |
|
|
40,270 |
|
0.5 |
|
|
|
34,510 |
|
0.7 |
|
Equity |
|
|
525,535 |
|
6.7 |
|
|
|
322,832 |
|
6.0 |
|
Total |
|
$ |
7,867,514 |
|
100.0 |
% |
|
$ |
5,394,737 |
|
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 June 30, 2024:
|
New Investment |
|
|
||
|
Commitments |
|
Percentage of |
||
|
(In thousands) |
|
Commitments |
||
|
|
|
|
||
Senior secured |
$ |
36,494 |
|
8.4 |
% |
One stop |
|
388,075 |
|
89.2 |
|
Junior debt* |
|
8,141 |
|
1.9 |
|
Equity |
|
2,252 |
|
0.5 |
|
Total new investment commitments |
$ |
434,962 |
|
100.0 |
% |
* |
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 third 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 June 30, 2024, we had cash, cash equivalents and foreign currencies of
On April 8, 2024, the Company redeemed
On April 11, 2024, we entered into an interest rate swap agreement related to the second
The Company estimates that our GAAP debt-to-equity ratio decreased to 1.09x as of June 30, 2024 and our GAAP debt-to-equity ratio, net3 decreased to 1.05x as of June 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:
|
|
|
Internal Performance Ratings |
||
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 may 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 June 30, 2024, please refer to the Quarter Ended 6.30.2024 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 June 30, 2024 and March 31, 2024:
|
|
June 30, 2024 |
|
March 31, 2024 |
|
||||||||
Internal |
|
Investments |
|
Percentage of |
|
Investments |
|
Percentage of |
|
||||
Performance |
|
at Fair Value |
|
Total |
|
at Fair Value |
|
Total |
|
||||
Rating |
|
(In thousands) |
|
Investments |
|
(In thousands) |
|
Investments |
|
||||
5 |
|
$ |
126,286 |
|
1.6 |
% |
|
$ |
125,443 |
|
2.3 |
% |
|
4 |
|
|
6,893,398 |
|
87.6 |
|
|
|
4,576,979 |
|
84.9 |
|
|
3 |
|
|
795,362 |
|
10.1 |
|
|
|
664,560 |
|
12.3 |
|
|
2 |
|
|
52,468 |
|
0.7 |
|
|
|
27,755 |
|
0.5 |
|
|
1 |
|
|
— |
|
— |
|
|
|
— |
|
— |
|
|
Total |
|
$ |
7,867,514 |
|
100.0 |
% |
|
$ |
5,394,737 |
|
100.0 |
% |
|
Conference Call
The Company will host an earnings conference call at 11:00 am (Eastern Time) on Tuesday, August 6, 2024 to discuss the quarterly financial results. All interested parties may participate in the conference call by dialing (888) 596-4144 approximately 10-15 minutes prior to the call; international callers should dial +1 (646) 968-2525. 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 6.30.2024 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 August 20, 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 |
|
|
|
||||
Consolidated Statements of Financial Condition |
|
|
|
||||
(In thousands, except share and per share data) |
|
|
|
||||
|
June 30, 2024 |
|
March 31, 2024 |
||||
Assets |
(unaudited) |
|
(unaudited) |
||||
Investments, at fair value (cost of |
$ |
7,867,514 |
|
|
$ |
5,394,737 |
|
Cash and cash equivalents |
|
141,186 |
|
|
|
292,844 |
|
Unrestricted foreign currencies (cost of |
|
6,327 |
|
|
|
7,904 |
|
Restricted cash and cash equivalents |
|
316,484 |
|
|
|
159,600 |
|
Restricted foreign currencies (cost of |
|
717 |
|
|
|
— |
|
Interest receivable |
|
81,884 |
|
|
|
62,081 |
|
Other assets |
|
63,093 |
|
|
|
25,460 |
|
Total Assets |
$ |
8,477,205 |
|
|
$ |
5,942,626 |
|
|
|
|
|
||||
Liabilities |
|
|
|
||||
Debt |
$ |
4,337,697 |
|
|
$ |
3,291,293 |
|
Less unamortized debt issuance costs |
|
(22,232 |
) |
|
|
(24,301 |
) |
Debt less unamortized debt issuance costs |
|
4,315,465 |
|
|
|
3,266,992 |
|
Interest payable |
|
61,170 |
|
|
|
36,589 |
|
Management and incentive fees payable |
|
14,345 |
|
|
|
29,171 |
|
Accounts payable and accrued expenses |
|
32,582 |
|
|
|
16,234 |
|
Total Liabilities |
|
4,423,562 |
|
|
|
3,348,986 |
|
|
|
|
|
||||
Net Assets |
|
|
|
||||
Preferred stock, par value |
|
— |
|
|
|
— |
|
Common stock, par value |
|
265 |
|
|
|
172 |
|
Paid in capital in excess of par |
|
4,217,451 |
|
|
|
2,676,430 |
|
Distributable earnings |
|
(164,073 |
) |
|
|
(82,962 |
) |
Total Net Assets |
|
4,053,643 |
|
|
|
2,593,640 |
|
Total Liabilities and Total Net Assets |
$ |
8,477,205 |
|
|
$ |
5,942,626 |
|
Number of common shares outstanding |
|
264,609,056 |
|
|
|
171,517,307 |
|
Net asset value per common share |
$ |
15.32 |
|
|
$ |
15.12 |
|
Golub Capital BDC, Inc. and Subsidiaries |
|
|
|
|
||||
Consolidated Statements of Operations |
|
|
|
|
||||
(In thousands, except share and per share data) |
|
|
|
|
||||
|
|
Three months ended |
||||||
|
|
June 30, 2024 |
|
March 31, 2024 |
||||
|
|
(unaudited) |
|
(unaudited) |
||||
Investment income |
|
|
||||||
Interest income |
|
$ |
167,957 |
|
|
$ |
160,169 |
|
Acquisition purchase price premium amortization |
|
|
(3,086 |
) |
|
|
(779 |
) |
Dividend income |
|
|
5,705 |
|
|
|
4,365 |
|
Fee income |
|
|
695 |
|
|
|
475 |
|
Total investment income |
|
|
171,271 |
|
|
|
164,230 |
|
|
|
|
|
|
||||
Expenses |
|
|
|
|
||||
Interest and other debt financing expenses |
|
|
60,116 |
|
|
|
44,125 |
|
Base management fee |
|
|
14,362 |
|
|
|
13,662 |
|
Incentive fee |
|
|
14,400 |
|
|
|
20,626 |
|
Professional fees |
|
|
1,486 |
|
|
|
1,342 |
|
Administrative service fee |
|
|
2,090 |
|
|
|
2,145 |
|
General and administrative expenses |
|
|
370 |
|
|
|
384 |
|
Total expenses |
|
|
92,824 |
|
|
|
82,284 |
|
Incentive fee waived |
|
|
(14,400 |
) |
|
|
(5,157 |
) |
Net expenses |
|
|
78,424 |
|
|
|
77,127 |
|
Net investment income before tax |
|
|
92,847 |
|
|
|
87,103 |
|
Excise and Income tax |
|
|
125 |
|
|
|
570 |
|
Net investment income after tax |
|
|
92,722 |
|
|
|
86,533 |
|
|
|
|
|
|
||||
Net gain (loss) on investment transactions |
|
|
|
|
||||
Net realized gain (loss) from: |
|
|
|
|
||||
Investments |
|
|
(32,137 |
) |
|
|
(18,277 |
) |
Foreign currency transactions |
|
|
(6,206 |
) |
|
|
4,459 |
|
Forward currency contracts |
|
|
624 |
|
|
|
— |
|
Net realized gain (loss) in investment transactions |
|
|
(37,719 |
) |
|
|
(13,818 |
) |
Net change in unrealized appreciation (depreciation) from: |
|
|
|
|
||||
Investments |
|
|
(52,622 |
) |
|
|
26,317 |
|
Translation of assets and liabilities in foreign currencies |
|
|
3,709 |
|
|
|
(10,156 |
) |
Forward currency contracts |
|
|
2,972 |
|
|
|
4,332 |
|
Net change in unrealized appreciation (depreciation) on investment transactions |
|
|
(45,941 |
) |
|
|
20,493 |
|
Net gain (loss) on investments |
|
|
(83,660 |
) |
|
|
6,675 |
|
Provision for taxes on unrealized appreciation on investments |
|
|
190 |
|
|
|
350 |
|
Net increase (decrease) in net assets resulting from operations |
|
$ |
9,252 |
|
|
$ |
93,558 |
|
|
|
|
|
|
||||
Per Common Share Data |
|
|
|
|
||||
Basic and diluted earnings (loss) per common share |
|
$ |
0.05 |
|
|
$ |
0.55 |
|
Dividends and distributions declared per common share |
|
$ |
0.50 |
|
|
$ |
0.46 |
|
Basic and diluted weighted average common shares outstanding |
|
|
199,969,889 |
|
|
|
170,637,140 |
|
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 April 1, 2024, Golub Capital had over 925 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/20240805685171/en/
Christopher Ericson
312-212-4036
cericson@golubcapital.com
Source: Golub Capital BDC, Inc.
FAQ
What were Golub Capital BDC's earnings for Q3 FY2024?
What is the net investment income per share for GBDC in Q3 FY2024?
What distributions did GBDC declare for Q3 FY2024?
What was the value of Golub Capital BDC's investment portfolio at the end of Q3 FY2024?
What is Golub Capital BDC's net asset value per share as of June 30, 2024?
