Golub Capital BDC, Inc. Files 10-Q for Period Ending March 31, 2024

TL;DR

<b>Golub Capital BDC, Inc. has submitted its quarterly 10-Q filing for the period ending March 31, 2024, detailing investment activities and financial performance.</b>

AI Summary

GOLUB CAPITAL BDC, Inc. (GBDC) filed a Quarterly Report (10-Q) with the SEC on May 6, 2024. Golub Capital BDC, Inc. filed its 10-Q report for the period ending March 31, 2024. The filing covers the fiscal second quarter of 2024. The company's fiscal year ends on September 30. The filing includes data related to investments in unaffiliated, affiliated non-controlled, and affiliated controlled issuers. The report details financial activities for various periods, including Q2 2024, Q2 2023, and the year-to-date periods.

Why It Matters

For investors and stakeholders tracking GOLUB CAPITAL BDC, Inc., this filing contains several important signals. This 10-Q filing provides investors with a detailed look at Golub Capital BDC's financial health and investment portfolio for the most recent quarter. Understanding the breakdown of investments across different issuer types and the financial data presented is crucial for assessing the company's performance and risk profile.

Risk Assessment

Risk Level: medium — GOLUB CAPITAL BDC, Inc. shows moderate risk based on this filing. The filing is a standard 10-Q, which provides a snapshot of financial performance and does not inherently signal significant positive or negative developments beyond routine reporting.

Analyst Insight

Review the detailed investment schedules and financial statements within the 10-Q to understand the composition and performance of Golub Capital BDC's portfolio.

Key Numbers

• 2024-03-31 — Report Period End Date (Conformed period of report)
• 2024-05-06 — Filing Date (Filed as of date)
• 0930 — Fiscal Year End (Fiscal year end)

Key Players & Entities

• GOLUB CAPITAL BDC, Inc. (company) — Filer name
• 200 PARK AVENUE (location) — Business and mailing address
• NEW YORK (location) — City in business and mailing address
• 212.750.6060 (phone) — Business phone number

FAQ

Industry Context

Golub Capital BDC, Inc. operates as a business development company, investing primarily in middle-market companies. The 10-Q filing reflects its performance within this sector.

Regulatory Implications

As a BDC, Golub Capital BDC, Inc. is subject to regulations under the Investment Company Act of 1940 and the Securities Exchange Act of 1934, as evidenced by this 10-Q filing.

What Investors Should Do

1. Analyze the investment portfolio composition for changes in allocation across different issuer types.
2. Review any disclosed changes in debt or equity structure.
3. Examine the footnotes for any significant accounting policies or disclosures.

Key Dates

• 2024-03-31: Quarterly Period End — End of the reporting period for the 10-Q filing.
• 2024-05-06: Filing Date — Date the 10-Q was officially filed with the SEC.

Year-Over-Year Comparison

This filing represents the standard quarterly report (10-Q) for the period ending March 31, 2024, following previous filings.

Key Financial Figures

• $0.001 — ich registered Common Stock, par value $0.001 per share GBDC The Nasdaq Global Select

Filing Documents

• gbdc-20240331.htm (10-Q) — 20109KB
• gbdcfy2024q210-qexhibit311.htm (EX-31.1) — 8KB
• gbdcfy2024q210-qexhibit312.htm (EX-31.2) — 8KB
• gbdcfy2024q210-qexhibit321.htm (EX-32.1) — 8KB
• 0001476765-24-000036.txt (&nbsp;) — 64412KB
• gbdc-20240331.xsd (EX-101.SCH) — 84KB
• gbdc-20240331_cal.xml (EX-101.CAL) — 82KB
• gbdc-20240331_def.xml (EX-101.DEF) — 612KB
• gbdc-20240331_lab.xml (EX-101.LAB) — 799KB
• gbdc-20240331_pre.xml (EX-101.PRE) — 694KB
• gbdc-20240331_htm.xml (XML) — 17304KB

Financial Information

Part I. Financial Information

Financial Statements 3

Item 1. Financial Statements 3 Consolidated Statements of Financial Condition as of March 31, 2024 (unaudited) and September 30, 2023 3 Consolidated Statements of Operations for the three and six months ended March 31, 2024 (unaudited) and 2023 (unaudited) 4 Consolidated Statements of Changes in Net Assets for the three and six months ended March 31, 2024 (unaudited) and 2023 (unaudited) 5 Consolidated Statements of Cash Flows for the six months ended March 31, 2024 (unaudited) and 2023 (unaudited) 6 Consolidated Schedules of Investments as of March 31, 2024 (unaudited) and September 30, 2023 8

Notes to Consolidated Financial Statements (unaudited) 98

Notes to Consolidated Financial Statements (unaudited) 98

Management's Discussion and Analysis of Financial Condition and Results of Operations 137

Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations 137

Quantitative and Qualitative Disclosures about Market Risk 165

Item 3. Quantitative and Qualitative Disclosures about Market Risk 165

Controls and Procedures 166

Item 4. Controls and Procedures 166

Other Information

Part II. Other Information

Legal Proceedings 167

Item 1. Legal Proceedings 167

Risk Factors 167

Item 1A. Risk Factors 167

Unregistered Sales of Equity Securities and Use of Proceeds 167

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 167

Defaults Upon Senior Securities 167

Item 3. Defaults Upon Senior Securities 167

Mine Safety Disclosures 167

Item 4. Mine Safety Disclosures 167

Other Information 167

Item 5. Other Information 167

Exhibits 168

Item 6. Exhibits 168 2 TABLE OF CONTENTS Golub Capital BDC, Inc. and Subsidiaries Consolidated Statements of Financial Condition (In thousands, except share and per share data) March 31, 2024 September 30, 2023 (unaudited) Assets Investments, at fair value Non-controlled/non-affiliate company investments $ 5,277,008 $ 5,416,739 Non-controlled affiliate company investments 105,956 87,084 Controlled affiliate company investments 11,773 12,790 Total investments, at fair value (amortized cost of $ 5,443,610 and $ 5,593,836 , respectively) 5,394,737 5,516,613 Cash and cash equivalents 292,844 65,617 Foreign currencies (cost of $ 7,920 and $ 4,540 , respectively) 7,904 4,208 Restricted cash and cash equivalents 159,600 70,381 Cash collateral held at broker for forward currency contracts 4,800 — Interest receivable 62,081 58,054 Receivable from investments sold 3,727 — Net unrealized appreciation on forward currency contracts 13,558 14,941 Other assets 3,375 3,658 Total Assets $ 5,942,626 $ 5,733,472 Liabilities Debt $ 3,291,293 $ 3,133,332 Less unamortized debt issuance costs ( 24,301 ) ( 15,613 ) Debt less unamortized debt issuance costs 3,266,992 3,117,719 Interest payable 36,589 24,749 Management and incentive fees payable 29,171 35,277 Accrued trustee fees 237 331 Accounts payable and other liabilities 15,997 7,518 Total Liabilities 3,348,986 3,185,594 Commitments and Contingencies (Note 8) Net Assets Preferred stock, par value $ 0.001 per share, 1,000,000 shares authorized, zero shares issued and outstanding as of March 31, 2024 and September 30, 2023 — — Common stock, par value $ 0.001 per share, 350,000,000 shares authorized, 171,517,307 and 169,594,742 shares issued and outstanding as of March 31, 2024 and September 30, 2023, respectively 172 170 Paid in capital in excess of par 2,676,430 2,646,912 Distributable earnings (losses) ( 82,962 ) ( 99,204 ) Total Net Assets 2,593,640 2,547,878 Total Liabilities and Tot

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View this 10-Q filing on SEC EDGAR