Golub Capital BDC Increases Revolver With Wells Fargo
Golub Capital BDC announced that its wholly owned subsidiary, Golub Capital BDC Funding, increased the size of its senior, secured revolving credit facility with Wells Fargo Bank from $75 million to $150 million.
In October 2012, the revolving credit facility was amended to extend the reinvestment period from October 21, 2012 through October 21, 2013 and to extend the maturity date from October 21, 2015 to October 20, 2017. The facility is secured by senior, secured assets and has a stated interest rate of LIBOR plus 2.25% with no LIBOR floor.
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 provider of financing solutions for the middle market, including one stop financings, senior, second lien and subordinated debt, preferred stock and co-investment equity.