Golub Announces $98.4MM in Originations for Second Fiscal Quarter
Golub Capital BDC, Inc. announced that it originated $98.4 million in new investment commitments during the three months ended March 31, 2012. Approximately 36% of the new investment commitments were in one-stop loans, 21% were subordinated debt/second lien investments, 39% were senior secured loans and 4% were equity securities. Of the new investment commitments, $94.2 million funded at close. Overall, total investments in portfolio companies at fair value increased by $51.8 million during the three months ended March 31, 2012 after factoring in debt repayments.
On April 11, 2012, Golub Capital Master Funding LLC, a wholly owned subsidiary of Golub Capital BDC, Inc., terminated the total return swap (TRS) that it had entered into with Citibank at a gain. Cash collateral that had secured obligations to Citibank under the TRS will be used to fund new middle-market debt and equity investments.
Golub Capital BDC, Inc. principally invests in senior secured, one stop, mezzanine and second lien loans of middle-market companies that are, in most cases, sponsored by private equity investors.
Golub Capital is a lender to middle-market companies.