Business
Golub Capital BDC, Inc. Announces $116.1 Million in new Middle-Market Originations for its Fiscal Year 2019 Second Quarter
NEW YORK, April 10, 2019 /PRNewswire/ -- Golub Capital BDC, Inc. (NASDAQ: GBDC, www.golubcapitalbdc.com), a business development company, today announced that
About this update from Golub Capital Bdc, Inc.
[{"type":"text","content":"NEW YORK, April 10, 2019 /PRNewswire/ -- Golub Capital BDC, Inc. (NASDAQ: GBDC, www.golubcapitalbdc.com), a business development company, today announced that it originated $116.1 million in new middle-market investment commitments during the three months ended March 31, 2019. Approximately 90% of the new middle-market investment commitments were one stop loans, 8% were senior secured loans and approximately 2% were equity securities. Of the new middle-market investment commitments, $111.4 million funded at close.\nTotal investments at fair value are estimated to have increased by approximately 1.9%, or $36.5 million, during the three months ended March 31, 2019 after factoring in debt repayments, sales of securities, net fundings on revolvers and net change in unrealized gains (losses). Total investments at fair value held by SLF are estimated to have decreased by approximately 2.8%, or $5.0 million, during the three months ended March 31, 2019 after factoring in debt repayments, sales of securities, net fundings on revolvers and net change in unrealized gains (losses).\nABOUT GOLUB CAPITAL BDC, INC.Golub Capital BDC, Inc. (\"Golub Capital BDC\") 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. Golub Capital BDC invests primarily in one-stop and other senior secured loans of U.S. middle market companies that are often sponsored by private equity investors. Golub Capital BDC's investment activities are managed by its investment adviser, GC Advisors LLC, an affiliate of the Golub Capital group of companies (\"Golub Capital\").\nABOUT GOLUB CAPITALGolub Capital is a market-leading, award-winning private debt platform with over $30 billion of capital under management. Golub Capital's Middle Market Lending business specializes in delivering reliable, creative and compelling financing solutions to U.S. middle market companies backed by private equity sponsors. The Middle Market Lending team has particular domain expertise in select industries, including software, technology services, healthcare, consumer and restaurant and retail. The firm's credit expertise also forms the foundation of its Late Stage Lending business and its Broadly Syndicated Loan investment program. Across its activities, Gol...