Golub Capital BDC, Inc. Announces $155.7 Million In New Middle-Market Originations For Its Third Fiscal Quarter

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Golub Capital BDC, Inc.
GBDC
www.golubcapitalbdc.com), a business development company, today announced that it originated $155.7 million in new middle-market investment commitments during the three months ended June 30, 2014. Approximately 19% of the new middle-market investment commitments were senior secured loans, 80% were one stop loans and 1% were equity securities. Of the new middle-market investment commitments, $140.2 million funded at close. In addition, during the three months ended June 30, 2014, Golub Capital BDC, Inc. invested $3.0 million in Senior Loan Fund LLC, an unconsolidated Delaware limited liability company ("SLF") that invests in senior secured loans and is co-managed by Golub Capital BDC, Inc. and United Insurance Company (collectively the "Members"). Overall, total investments at fair value increased by $71.3 million during the three months ended June 30, 2014 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 increased by approximately $31.0 million, and were funded by capital contributed to SLF by the Members and third party borrowings by SLF.
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