Business
GOLUB CAPITAL BDC, INC. ANNOUNCES $157.4 MILLION IN NEW MIDDLE-MARKET ORIGINATIONS FOR ITS FISCAL YEAR 2023 SECOND QUARTER
NEW YORK, April 10, 2023 /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, April 10, 2023 /PRNewswire/ -- Golub Capital BDC, Inc. (\"GBDC\") (Nasdaq: GBDC, www.golubcapitalbdc.com), a business development company, today announced that it originated $157.4 million in new middle-market investment commitments during the three months ended March 31, 2023. Approximately 98% of the new middle-market investment commitments were one stop loans and 2% were equity and other securities. Of the new middle-market investment commitments, $135.1 million funded at close.\nTotal investments at fair value are estimated to have increased by approximately 0.6%, or $34.4 million, during the three months ended March 31, 2023 after factoring in debt repayments, sales of securities, net fundings on revolvers and net change in unrealized gains (losses).\nABOUT GOLUB CAPITAL BDC, INC.\nGolub 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\").\nABOUT GOLUB CAPITAL\nGolub Capital is a market-leading, award-winning direct lender and experienced credit asset 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.\nAs of January 1, 2023, Golub Capital had over 775 employees and over $60 billion of capital under management, a gross measure of invested capital including leverage. The firm has lending offices in Chicago, New York, San Francisco and London. For more information, please visit golubcapital.com.\nFORWARD-LOOKING STATEMENTS\nThis press release may contain \"forward-looking statements\" within the meaning of the Private Securities Litigation Reform Act of 1995. Statements other than statemen...