Golub Capital BDC announced that its wholly owned subsidiary, Golub Capital BDC Funding LLC, increased the size of its senior secured revolving credit facility from $100 million to $250 million. Wells Fargo Securities acted as administrative agent. Wells Fargo Bank acted as lender.
In addition to increasing the size of the facility, the facility’s reinvestment period was extended from November 21, 2013 to October 21, 2014, and its final maturity date was extended from October 20, 2017 to October 22, 2018.
The facility continues to be secured by all of the assets held by funding and has a stated interest rate of LIBOR (with no floor) plus 2.25% through the reinvestment period.