Golub Capital BDC Files Q3 2024 10-Q

TL;DR

**Golub Capital BDC Q3 10-Q is IN. Portfolio and debt details updated. Check it.**

AI Summary

Golub Capital BDC, Inc. filed its 10-Q for the period ending June 30, 2024. The company reported its financial performance and position, including details on its investment portfolio and debt. The filing provides an update on its operations and outlook for the upcoming fiscal quarter.

Why It Matters

This filing provides investors with a detailed look into Golub Capital BDC's financial health and investment strategy, crucial for understanding its current market performance and future prospects.

Risk Assessment

Risk Level: medium — As a Business Development Company (BDC), Golub Capital BDC's performance is inherently tied to the credit markets and economic conditions, carrying inherent investment risks.

Key Numbers

• 20240630 — Reporting Period End Date (Indicates the end of the fiscal quarter for which financial data is reported.)
• 20240805 — Filing Date (The date the 10-Q was officially submitted to the SEC.)

Key Players & Entities

• Golub Capital BDC, Inc. (company) — Filer
• 200 PARK AVENUE, 25TH FLOOR, NEW YORK, NY 10166 (location) — Business and Mail Address
• 212.750.6060 (phone_number) — Business Phone
• 20170511 (date) — Date of Name Change from Golub Capital Investment Corp
• 20100414 (date) — Date of Name Change from Golub Capital BDC, Inc.
• 20091113 (date) — Date of Name Change from Golub Capital BDC LLC

FAQ

Key Financial Figures

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

Filing Documents

• gbdc-20240630.htm (10-Q) — 20689KB
• gbdcfy2024q310-qexhibit311.htm (EX-31.1) — 8KB
• gbdcfy2024q310-qexhibit312.htm (EX-31.2) — 8KB
• gbdcfy2024q310-qexhibit321.htm (EX-32.1) — 8KB
• 0001476765-24-000074.txt ( ) — 69651KB
• gbdc-20240630.xsd (EX-101.SCH) — 103KB
• gbdc-20240630_cal.xml (EX-101.CAL) — 99KB
• gbdc-20240630_def.xml (EX-101.DEF) — 725KB
• gbdc-20240630_lab.xml (EX-101.LAB) — 919KB
• gbdc-20240630_pre.xml (EX-101.PRE) — 810KB
• gbdc-20240630_htm.xml (XML) — 18581KB

Financial Information

Part I. Financial Information

Financial Statements 3

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

Notes to Consolidated Financial Statements (unaudited) 96

Notes to Consolidated Financial Statements (unaudited) 96

Management's Discussion and Analysis of Financial Condition and Results of Operations 142

Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations 142

Quantitative and Qualitative Disclosures about Market Risk 171

Item 3. Quantitative and Qualitative Disclosures about Market Risk 171

Controls and Procedures 172

Item 4. Controls and Procedures 172

Other Information

Part II. Other Information

Legal Proceedings 173

Item 1. Legal Proceedings 173

Risk Factors 173

Item 1A. Risk Factors 173

Unregistered Sales of Equity Securities and Use of Proceeds 173

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 173

Defaults Upon Senior Securities 173

Item 3. Defaults Upon Senior Securities 173

Mine Safety Disclosures 173

Item 4. Mine Safety Disclosures 173

Other Information 173

Item 5. Other Information 173

Exhibits 174

Item 6. Exhibits 174 2 TABLE OF CONTENTS Golub Capital BDC, Inc. and Subsidiaries Consolidated Statements of Financial Condition (In thousands, except share and per share data) June 30, 2024 September 30, 2023 (unaudited) Assets Investments, at fair value Non-controlled/non-affiliate company investments $ 7,648,143 $ 5,416,739 Non-controlled affiliate company investments 207,402 87,084 Controlled affiliate company investments 11,969 12,790 Total investments, at fair value (amortized cost of $ 7,965,888 and $ 5,593,836 , respectively) 7,867,514 5,516,613 Cash and cash equivalents 141,186 65,617 Foreign currencies (cost of $ 6,381 and $ 4,540 , respectively) 6,327 4,208 Restricted cash and cash equivalents 316,484 70,381 Restricted foreign currencies (cost of $ 717 and $ 0 , respectively) 717 — Cash collateral held at broker for forward currency contracts 11,670 — Interest receivable 81,884 58,054 Net unrealized appreciation on forward currency contracts 22,365 14,941 Receivable for investments sold 8,922 — Other assets 20,136 3,658 Total Assets $ 8,477,205 $ 5,733,472 Liabilities Debt $ 4,337,697 $ 3,133,332 Less unamortized debt issuance costs ( 22,232 ) ( 15,613 ) Debt less unamortized debt issuance costs 4,315,465 3,117,719 Interest payable 61,170 24,749 Management and incentive fees payable 14,345 35,277 Accrued trustee fees 494 331 Accounts payable and other liabilities 32,088 7,518 Total Liabilities 4,423,562 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 June 30, 2024 and September 30, 2023 — — Common stock, par value $ 0.001 per share, 350,000,000 shares authorized, 264,609,056 and 169,594,742 shares issued and outstanding as of June 30, 2024 and September 30, 2023, respectively 265 170 Paid in capital in excess of par 4,217,451 2,646,912 Distributable earnings (losses) ( 164,073 )

View Full Filing

View this 10-Q filing on SEC EDGAR