Daily News: April 11, 2014

Golub Capital Closes $173.5MM in Mid-Market Originations

Golub Capital announced that it originated $173.5 million in new middle-market investment commitments during the three months ended March 31, 2014. Approximately 14% of the new middle-market investment commitments were senior secured loans, 85% were one-stop loans and 1% were equity securities.

Of the new middle-market investment commitments, $151.5 million funded at close. In addition, during the three months ended March 31, 2014, Golub Capital invested $9 million in Senior Loan Fund LLC, an unconsolidated Delaware limited liability company that invests in senior secured loans and is co-managed by Golub and United Insurance Company.

Overall, total investments at fair value increased by $73.7 million during the three months ended March 31, 2014 after factoring in debt repayments, sales of securities, net fundings on revolvers and net change in unrealized gains (losses).