Business
Golub Capital BDC, Inc. Announces $130.4 Million In New Middle-Market Originations For Its Fiscal Year 2019 Fourth Quarter
NEW YORK, Oct. 9, 2019 /PRNewswire/ -- Golub Capital BDC, Inc. ("GBDC") (NASDAQ: GBDC, www.golubcapitalbdc.com), a business development company, today
About this update from Golub Capital Bdc, Inc.
[{"type":"text","content":"NEW YORK, Oct. 9, 2019 /PRNewswire/ -- Golub Capital BDC, Inc. (\"GBDC\") (NASDAQ: GBDC, www.golubcapitalbdc.com), a business development company, today announced that it originated $130.4 million in new middle-market investment commitments during the three months ended September 30, 2019. Approximately 87% of the new middle-market investment commitments were one stop loans, 10% were senior secured loans and 3% were equity securities. Of the new middle-market investment commitments, $120.7 million funded at close.\nOn September 16, 2019, GBDC completed its acquisition of Golub Capital Investment Corporation (\"GCIC\"), with GBDC as the surviving company. Including $2.3 billion of investments acquired from GCIC and factoring in debt repayments, sales of securities, net fundings on revolvers and net change in unrealized gains (losses) at GBDC, total investments at fair value are estimated to be $4.3 billion as of September 30, 2019.\nABOUT GOLUB CAPITAL BDC, INC.\nGolub 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 CAPITAL\nGolub 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, Golub Capital nurtures long-term, win-win partnerships that inspire repeat business from its private equity sponsor clients and investors. Fou...