Daily News: October 8, 2013

Golub Capital Originates $121.3MM in Fiscal Q4


Golub Capital BDC announced that it originated $121.3 million in new middle-market investment commitments during the three months ended September 30, 2013. Approximately 20% of the new middle-market investment commitments were senior secured loans, 54% were one stop loans, 24% were junior debt investments and 2% were equity securities.

Of the new middle-market investment commitments, $110.5 million funded at close.

In addition, during the three months ended September 30, 2013, Golub Capital BDC invested $4.7 million in Senior Loan Fund, an unconsolidated Delaware limited liability company that invests in senior secured loans and is co-managed by Golub Capital BDC and United Insurance Company. Total investments committed to by Senior Loan Fund were $16.4 million during the three months ended September 30, 2013.

Overall, total investments at fair value increased by $56.7 million during the three months ended September 30, 2013 after factoring in debt repayments, sales of securities, net fundings on revolvers, and net change in unrealized gains (losses).