Golub Capital BDC Files 8-K on Material Agreement

TL;DR

GCBC filed an 8-K for a new material agreement. Keep an eye on this.

AI Summary

Golub Capital BDC, Inc. filed an 8-K on November 21, 2024, reporting an entry into a material definitive agreement as of November 15, 2024. The filing also includes financial statements and exhibits. The company, incorporated in Delaware, is headquartered at 200 Park Avenue, New York, NY.

Why It Matters

This filing indicates a significant new agreement for Golub Capital BDC, Inc., which could impact its financial operations and strategic direction.

Risk Assessment

Risk Level: low — The filing is a standard 8-K reporting a material agreement and financial statements, not indicating immediate financial distress or significant negative events.

Key Players & Entities

• Golub Capital BDC, Inc. (company) — Registrant
• November 15, 2024 (date) — Date of earliest event reported
• November 21, 2024 (date) — Date of report
• 200 Park Avenue, 25th Floor, New York, NY 10166 (location) — Principal Executive Office Address

FAQ

Key Financial Figures

• $0.001 — h registered Common Stock, par value $0.001 per share GBDC The Nasdaq Global Se
• $2,200,500,000 — l BDC, Inc. (the "Company") completed a $2,200,500,000 term debt securitization (the "2024 Deb
• $1,192,400,000 — the 2024 Debt Securitization consist of $1,192,400,000 of Aaa/AAA Class A-1R Senior Secured Fl
• $171,600,000 — us 1.56% (the "Class A-1R 2024 Notes"), $171,600,000 of AAA Class A-2RR Senior Secured Float
• $165,000,000 — s 1.75% (the "Class A-2RR 2024 Notes"), $165,000,000 of AA Class B-R Senior Secured Floating
• $154,000,000 — plus 1.70% (the "Class B-R Notes") and $154,000,000 of A Class C-R Senior Secured Floating
• $517,500,000 — the Closing Date, the Issuer will issue $517,500,000 Subordinated Notes due 2124 (the "Subor
• $602.4 million — mong other things, fully redeem (i) its $602.4 million term debt securitization completed on N
• $908.2 million — e "2018 Debt Securitization"), (ii) its $908.2 million term debt securitization completed on D
• $398.9 million — 018 Debt Securitization") and (iii) its $398.9 million term debt securitization completed on M
• $1,822.5 million — the JPM Credit Facility increased from $1,822.5 million to $1,897.5 million. The accordion feat
• $1,897.5 million — lity increased from $1,822.5 million to $1,897.5 million. The accordion feature in the JPM Credi
• $2.0 billion — al size of the facility to a maximum of $2.0 billion. The other material terms of the JPM Cr

Filing Documents

• tm2429095d1_8k.htm (8-K) — 39KB
• tm2429095d1_ex10-1.htm (EX-10.1) — 2649KB
• tm2429095d1_ex10-2.htm (EX-10.2) — 161KB
• tm2429095d1_ex10-3.htm (EX-10.3) — 229KB
• tm2429095d1_ex10-4.htm (EX-10.4) — 182KB
• tm2429095d1_ex10-5.htm (EX-10.5) — 20KB
• 0001104659-24-121602.txt ( ) — 3954KB
• gbdc-20241115.xsd (EX-101.SCH) — 3KB
• gbdc-20241115_lab.xml (EX-101.LAB) — 33KB
• gbdc-20241115_pre.xml (EX-101.PRE) — 22KB
• tm2429095d1_8k_htm.xml (XML) — 4KB

01 Entry into a Material Definitive Agreement

Item 1.01 Entry into a Material Definitive Agreement. 2024 Debt Securitization On November 18, 2024 (the "Closing Date"), Golub Capital BDC CLO 8 LLC (the "2024 Issuer"), an indirect, wholly owned, consolidated subsidiary of Golub Capital BDC, Inc. (the "Company") completed a $2,200,500,000 term debt securitization (the "2024 Debt Securitization"). Term debt securitizations are also known as collateralized loan obligations and are a form of secured financing incurred by a subsidiary of the Company, which is consolidated by the Company and subject to the Company's overall asset coverage requirement. On the Closing Date and in connection with the 2024 Debt Securitization, the 2024 Issuer entered into a Note Purchase Agreement (the "Note Purchase Agreement") with Deutsche Bank Securities Inc., as the initial purchaser (the "Initial Purchaser") pursuant to which the Initial Purchaser agreed to purchase certain of the notes to be issued pursuant to an indenture as part of the 2024 Securitization. The notes offered in the 2024 Debt Securitization consist of $1,192,400,000 of Aaa/AAA Class A-1R Senior Secured Floating Rate Notes due 2036, which bear interest at the three-month secured overnight financing rate published by the Federal Reserve Bank of New York ("SOFR") plus 1.56% (the "Class A-1R 2024 Notes"), $171,600,000 of AAA Class A-2RR Senior Secured Floating Rate Notes due 2036, which bear interest at SOFR plus 1.75% (the "Class A-2RR 2024 Notes"), $165,000,000 of AA Class B-R Senior Secured Floating Rate Notes due 2036, which bear interest at SOFR plus 1.70% (the "Class B-R Notes") and $154,000,000 of A Class C-R Senior Secured Floating Rate Notes due 2036, which bear interest at SOFR plus 2.10% (the "Class C-R Notes" and, together with the Class A-1R Notes, the Class A-2RR Notes and the Class B-R Notes, the "Secured Notes"). Additionally, on the Closing Date, the Issuer will issue $517,500,000 Subordinated Notes due 2124 (the "Subordinated Notes"), which do no

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits 10.1* Amended and Restated Indenture dated as of November 18, 2024 between Golub Capital BDC CLO 8 LLC, as issuer, and The Bank of New York Mellon Trust Company, National Association, as trustee. 10.2 Note Purchase Agreement dated as of November 18, 2024 between Golub Capital BDC CLO 8 LLC, as issuer, and Deutsche Bank Securities Inc., as initial purchaser. 10.3 Amended and Restated Collateral Management Agreement dated as of November 18, 2024 between Golub Capital BDC CLO 8 LLC, as issuer, and GC Advisors LLC, as collateral manager. 10.4* Amended and Restated Master Loan Sale Agreement dated as of November 18, 2024 among Golub Capital BDC, Inc., as seller, Golub Capital BDC CLO 8 Depositor LLC, as intermediate seller, and Golub Capital BDC CLO 8 LLC, as buyer. 10.5 Commitment Increase Agreement, dated as of November 14, 2024, by BNP Paribas, as an Assuming Lender, in favor of Golub Capital BDC, Inc., as borrower, and JPMorgan Chase Bank, N.A., as administrative agent under the Senior Secured Revolving Credit Facility, dated as of August 6, 2024, as amended, among Golub Capital BDC, Inc., 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. 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: November 21, 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