Daily News: January 11, 2012

Golub Capital Announces $164.1MM in Originations for Fiscal Q1


Golub Capital BDC, Inc. announced that it originated $164.1 million in new middle-market investment commitments during the three months ended December 31, 2011. Approximately 38% of the new investment commitments were in unitranche loans, 29% were subordinated debt/second lien investments, 30% were senior secured loans and 3% were equity securities.

Of the new investment commitments, $148.6 million funded at close. Overall, total investments in portfolio companies at fair value increased by $102.2 million during the three months ended December 31, 2011 after factoring in debt repayments.

“As expected, we had strong originations during our first fiscal quarter,” commented David B. Golub, CEO of Golub Capital BDC, Inc. “In addition, we continued to make progress on increasing the proportion of unitranche and subordinated debt investments in the portfolio. Deal flow remains strong, although we expect the pace of new originations will slow for the quarter ending March 31, 2012.”

Golub Capital BDC, Inc. principally invests in senior secured, unitranche, mezzanine and second lien loans of middle-market companies that are, in most cases, sponsored by private equity investors.