Golub Capital BDC, Inc. - GBDC STOCK NEWS

Golub Capital BDC, Inc. originated $110.7 million in new middle-market investment commitments during Q2 2023. One stop loans accounted for 99% of the commitments, while senior secured loans accounted for 1%. Equity and other securities represented less than 1%. $105.9 million of the commitments were funded at close. Total investments at fair value increased by approximately 0.7% ($38.6 million) during the quarter.

Golub Capital's Private Credit Fund, GCRED, has broken escrow with $650 million in net proceeds. The fund aims to generate income and capital appreciation by investing in privately originated loans to US private companies in the middle market and upper middle market. Golub Capital is expanding its presence in the private wealth market through partnerships and aims to provide greater access to private credit expertise for private wealth investors.

The Golub Capital Altman Index reveals a robust performance for middle market private companies, reporting an 11% year-over-year earnings growth and 11% revenue growth in January and February 2023. CEO Lawrence E. Golub noted that these results indicate a potential underestimation of the U.S. economy's health by analysts. Despite the challenging operating environment, profit margins expanded. Dr. Edward I. Altman highlighted strong growth in the Consumer sector, although noted some softness in profits and cash flows. The Golub Capital Altman Index serves as a crucial indicator for public companies' revenue and earnings growth, demonstrating the resilience and adaptability of private equity-owned businesses. The index's insights are significant for investors as they reflect crucial economic performance metrics.

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.

Golub Capital BDC, Inc. (NASDAQ: GBDC) is set to report its financial results for the quarter ending March 31, 2023, on May 8, 2023, after market close. An earnings conference call will follow on May 9, 2023, at 11:00 a.m. Eastern Time, where stakeholders can discuss the quarterly results. Interested participants can join the call by dialing designated numbers within the specified time. Golub Capital BDC specializes in senior secured loans to middle-market companies, predominantly backed by private equity sponsors. The firm manages over $60 billion in capital and employs more than 775 professionals across major financial hubs. This press release also includes forward-looking statements regarding future performance, emphasizing the uncertainties that may affect actual outcomes.

Golub Capital BDC, Inc. (NASDAQ: GBDC) released a letter detailing its assessment of risk exposures following the recent failures of Silicon Valley Bank and Signature Bank. The company stated that it and its investment adviser maintain a robust capital and liquidity position. Golub Capital found no material problems or risks related to the bank failures at this time. This communication aims to reassure investors about the stability of GBDC amid ongoing financial uncertainties.