Daily News: January 13, 2015

Golub Originates $141.6MM in Middle Market Investments


Golub Capital BDC announced it originated $141.6 million in new middle-market investment commitments during the three months ended December 31, 2014.

Approximately 55% of the new middle-market investment commitments were senior secured loans, 44% were one stop loans and 1% were equity securities. Of the new middle-market investment commitments, $127.9 million funded at close.

In addition, during the three months ended December 31, 2014, Golub Capital BDC invested $4.9 million in Senior Loan Fund, an unconsolidated Delaware limited liability company (SLF) that invests in senior secured loans and is co-managed by Golub Capital BDC and RGA Reinsurance Company.

Total investments at fair value are estimated to have increased by $53.4 million during the three months ended December 31, 2014 after factoring in debt repayments, sales of securities, net fundings on revolvers, and net change in unrealized gains (losses). Total investments at fair value held by SLF are estimated to have increased by approximately $18.4 million after factoring in debt repayments, sales of securities, net fundings on revolvers, and net change in unrealized gains (losses).