Golub Capital BDC Enters New Agreement, Creates Financial Obligation

TL;DR

Golub Capital BDC just signed a new deal creating a financial obligation. Details TBD.

AI Summary

Golub Capital BDC, Inc. entered into a material definitive agreement on June 7, 2024, which also resulted in the creation of a direct financial obligation. The filing does not specify the other party to the agreement or the exact nature and amount of the financial obligation.

Why It Matters

This filing indicates a significant new financial commitment or agreement for Golub Capital BDC, Inc., which could impact its future financial performance and operations.

Risk Assessment

Risk Level: medium — The filing indicates a material definitive agreement and a new financial obligation, but lacks specific details, creating uncertainty.

Key Players & Entities

• GOLUB CAPITAL BDC, Inc. (company) — Registrant
• June 7, 2024 (date) — Date of earliest event reported
• Delaware (jurisdiction) — State of Incorporation

FAQ

Key Financial Figures

• $0.001 — ichregistered Common Stock, par value $0.001 per share GBDC The Nasdaq Global Se
• $100.0 million — ity under the GC Advisors Revolver from $100.0 million to $200.0 million. The other material t
• $200.0 million — dvisors Revolver from $100.0 million to $200.0 million. The other material terms of the GC Adv

Filing Documents

• tm2417077d1_8k.htm (8-K) — 31KB
• tm2417077d1_ex10-1.htm (EX-10.1) — 1133KB
• tm2417077d1_ex10-2.htm (EX-10.2) — 10KB
• 0001104659-24-071255.txt ( ) — 1583KB
• gbdc-20240607.xsd (EX-101.SCH) — 3KB
• gbdc-20240607_lab.xml (EX-101.LAB) — 33KB
• gbdc-20240607_pre.xml (EX-101.PRE) — 22KB
• tm2417077d1_8k_htm.xml (XML) — 4KB

01 Entry into a Material Definitive

Item 1.01 Entry into a Material Definitive Agreement. On June 7, 2024, Golub Capital BDC, Inc. (the "Company") entered into an amendment (the "JPM Facility Amendment") to that certain Amended and Restated Senior Secured Revolving Credit Agreement, dated as of March 17, 2023, by and among the Company, as borrower, JPMorgan Chase Bank, N.A., as administrative agent and as collateral agent, and the lenders, syndication agents, joint bookrunners, and joint lead arrangers party thereto (as amended, supplemented and restated, the "A&R JPM Credit Facility"). The JPM Facility Amendment, among other things, replaces the applicable reference rate with respect to borrowings denominated in Canadian Dollars with the Canadian Overnight Repo Rate Average ("CORRA") and otherwise conforms the JPM Credit Facility to accommodate CORRA as the reference rate for certain borrowings denominated in Canadian dollars . The other material terms of the A&R JPM Credit Facility were unchanged. The foregoing description is only a summary of the material provisions of the JPM Facility Amendment and is qualified in its entirety by reference to a copy of the JPM Facility Amendment, which is attached hereto as Exhibit 10.1 and is incorporated herein by reference. On June 11, 2024, the Company entered into an amendment (the "GC Advisors Revolver Amendment") to the amended and restated revolving loan agreement dated as of June 21, 2019, governing the unsecured revolving credit facility (as amended, the "GC Advisors Revolver") with GC Advisors LLC ("GC Advisors"), the Company's investment adviser, as the lender. The GC Advisors Revolver Amendment was effective as of June 11, 2024. The GC Advisors Revolver Amendment increases the borrowing capacity under the GC Advisors Revolver from $100.0 million to $200.0 million. The other material terms of the GC Advisors Revolver were unchanged. The description above is only a summary of the material provisions of the GC Advisors Revolver Amendment and is qua

02. Termination of a Material Definitive Agreement

Item 1.02. Termination of a Material Definitive Agreement. One June 11, 2024, in connection with the GC Advisors Revolver Amendment, the Company terminated the amended and restated revolving loan agreement, initially entered into on September 1, 2023 by Golub Capital BDC 3, Inc. ("GBDC 3") and GC Advisors, which, as amended, provided for a borrowing capacity of up to $100.0 million and which the Company assumed as successor by merger to GBDC 3 effective as of June 3, 2024.

03. Creation of a Direct Financial Obligation or an Obligation

Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of Registrant. The information contained in Item 1.01 of this current report on Form 8-K is incorporated by reference in this Item 2.03.

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits 10.1* Amendment No. 1 to the Amended and Restated Senior Secured Revolving Credit Agreement, dated as of March 17, 2023, by and among Golub Capital BDC, Inc., JPMorgan Chase Bank, N.A., as administrative agent and collateral agent, and the lenders, syndication agents, joint bookrunners, and joint lead arrangers party thereto, dated June 7, 2024. 10.2 Third Amendment to Revolving Loan Agreement, dated as of June 11, 2024, by and between Golub Capital BDC, Inc., as the borrower, and GC Advisors LLC, as the lender. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) * Exhibits and/or schedules to this Exhibit have been omitted in accordance with Item 601 of Regulation S-K. The registrant agrees to furnish supplementally a copy of all omitted exhibits and/or schedules to the SEC upon its request.

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Golub Capital BDC, Inc. Date: June 13, 2024 By: /s/ Christopher C. Ericson Name: Christopher C. Ericson Title: Chief Financial Officer

View Full Filing

View this 8-K filing on SEC EDGAR