The facility closed on Feb. 11. Under the facility, the lenders agreed to extend credit to Golub in an initial aggregate amount of up to $475 million in U.S. dollars and certain agreed upon foreign currencies with an option to request, at one or more times, that existing and/or new lenders, at their election, provide up to $237.5 million of additional commitments. The facility will mature on Feb. 11, 2026. The interest rate on the borrowings under the facility ranges from one-month LIBOR plus 1.75% to one-month LIBOR plus 1.875%. The facility includes usual and customary representation and warranties, covenants and events of default for senior secured facilities of this nature.
“We continue to execute on our strategy of increasing the flexibility of our strong balance sheet and add to our diversified sources of liquidity, building on our successful inaugural offering of unsecured notes in October 2020,” David B. Golub, CEO of Golub Capital BDC, said. “We believe the pricing and terms of this new credit facility are attractive. We appreciate the continued support of our lending partners, and we are pleased to welcome several new lenders to the syndicate.”
Golub Capital BDC is an externally-managed, non-diversified closed-end management investment company. Golub Capital is a direct lender and credit asset manager.