GOLUB CAPITAL BDC, INC. (NASDAQ:GBDC) Files An 8-K Regulation FD Disclosure

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GOLUB CAPITAL BDC, INC. (NASDAQ:GBDC) Files An 8-K Regulation FD Disclosure
Item 7.01.Regulation FD Disclosure.

On July 9, 2018, Golub Capital BDC 2010-1 LLC (the “2010 Issuer”), an indirect wholly-owned subsidiary of Golub Capital BDC, Inc. (the “Company”), provided irrevocable notice to the holders of its notes (the “2010 Notes”) issued as part of the $350.0 million term debt securitization (also known as a collateralized loan obligation, or CLO) that was initially completed on July 16, 2010 (the “2010 Debt Securitization”) that the 2010 Notes will be redeemed on July 20, 2018, to the terms of the indenture governing such 2010 Notes.

The 2010 Notes would have otherwise matured on July 20, 2023. The 2010 Debt Securitization is a form of secured financing incurred by the Company, consolidated in its consolidated financial statements and subject to its overall asset coverage requirements.

The 2010 Notes currently consist of $205.0 million of Class A-Refi 2010 Notes, which bear interest at a rate of three-month London Interbank Offered Rate (“LIBOR”) plus 1.90%, $10.0 million of Class B-Refi 2010 Notes, which bear interest at a rate of three-month LIBOR plus 2.40% and $135.0 million face amount of Subordinated 2010 Notes that do not bear interest. The Class A-Refi 2010 Notes are held by institutional investors and are included in the Company’s consolidated financial statements as its debt. The Company, indirectly through Golub Capital BDC 2010-1 Holdings LLC, a direct subsidiary of the Company, currently holds the Class B-Refi 2010 Notes and the Subordinated 2010 Notes, which are eliminated in consolidation in the Company’s financial statements.

Forward-Looking Statements

This Current Report on Form 8-K 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 Current Report on Form 8-K 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 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. The Company undertakes no duty to update any forward-looking statement made herein. All forward-looking statements speak only as of the date of this Current Report on Form 8-K.


About GOLUB CAPITAL BDC, INC. (NASDAQ:GBDC)

Golub Capital BDC, Inc. is an externally managed, non-diversified, closed-end, management investment company. The Company’s investment objective is to generate current income and capital appreciation by investing primarily in senior secured and one stop loans of the United States middle-market companies. It may also selectively invest in second lien and subordinated loans of, and warrants and minority equity securities in the United States middle-market companies. The Company seeks to create a portfolio that includes primarily senior secured and one stop loans by primarily investing in the securities of the United States middle-market companies. It generally invests in securities that have been rated below investment grade by independent rating agencies or that would be rated below investment grade if they were rated. The Company’s investment activities are managed by its investment advisor, GC Advisors LLC (GC Advisors).