Golub Capital BDC, Inc. Reports New Financial Obligation

TL;DR

GCBC just took on a new debt. Details TBD.

AI Summary

On December 3, 2024, Golub Capital BDC, Inc. reported the creation of a direct financial obligation. The filing indicates a new financial obligation was entered into by the company, but specific details regarding the amount, terms, or counterparty were not disclosed in this initial 8-K filing.

Why It Matters

This filing signals a new debt or financial commitment for Golub Capital BDC, Inc., which could impact its leverage and future financial flexibility.

Risk Assessment

Risk Level: medium — The creation of a new financial obligation can increase a company's leverage and financial risk, though the specific impact depends on the terms and amount not yet disclosed.

Key Players & Entities

• Golub Capital BDC, Inc. (company) — Registrant
• December 3, 2024 (date) — Date of earliest event reported
• 200 Park Avenue, 25th Floor, New York, NY 10166 (address) — Business and Mail Address

FAQ

Key Financial Figures

• $0.001 — h registered Common Stock, par value $0.001 per share GBDC The Nasdaq Global Se
• $150 million — c. (the "Company") issued an additional $150 million in aggregate principal amount of its 6.
• $600 million — t to which the Company initially issued $600 million in aggregate principal amount of the 6.
• $750,000,000 — Company's 6.000% Notes due 2029 became $750,000,000. The Notes mature on July 15, 2029, u
• $386.6 million — N.A. (the "JPM Credit Facility") or the $386.6 million term debt securitization issued by Golu

Filing Documents

• tm2430098d1_8k.htm (8-K) — 39KB
• tm2430098d1_ex5-1.htm (EX-5.1) — 17KB
• image_001.jpg (GRAPHIC) — 5KB
• 0001104659-24-125181.txt ( ) — 241KB
• gbdc-20241203.xsd (EX-101.SCH) — 3KB
• gbdc-20241203_lab.xml (EX-101.LAB) — 33KB
• gbdc-20241203_pre.xml (EX-101.PRE) — 22KB
• tm2430098d1_8k_htm.xml (XML) — 4KB

03

Item 2.03. Creation of a Direct Financial Obligation or an Obligation Under an Off-Balance Sheet Arrangement of a Registrant On December 3, 2024, Golub Capital BDC, Inc. (the "Company") issued an additional $150 million in aggregate principal amount of its 6.000% Notes due 2029 (the "New Notes"). The New Notes were issued as additional notes under the base indenture, dated October 2, 2020 (the "Base Indenture") between the Company and U.S. Bank Trust Company, National Association (as successor in interest to U.S. Bank National Association), as trustee (the "Trustee"), as supplemented by the Fifth Supplemental Indenture, dated February 1, 2024 (the "Fifth Supplemental Indenture" and together with the Base Indenture, the "Indenture"), pursuant to which the Company initially issued $600 million in aggregate principal amount of the 6.000% Notes due 2029 (the "Existing Notes" and together with the New Notes, the "Notes") on February 1, 2024. The New Notes are being treated as a single series with the Existing Notes under the Indenture and will have the same terms as the Existing Notes (except the issue date, the offering price and the initial interest payment date). The New Notes have the same CUSIP number and are fungible and rank equally with the Existing Notes. Upon issuance of the New Notes, the outstanding aggregate principal amount of the Company's 6.000% Notes due 2029 became $750,000,000. The Notes mature on July 15, 2029, unless previously redeemed or repurchased in accordance with their terms. The Notes bear interest at a rate of 6.000% per year payable semi-annually in arrears on January 15 and July 15 of each year, commencing on January 15, 2025 for the New Notes. The Notes are the Company's general unsecured obligations that rank senior in right of payment to all of the Company's future indebtedness or other obligations that are expressly subordinated, or junior, in right of payment to the Notes; equal in right of payment to the Company's existing and

Financial Statements and Exhibits

Financial Statements and Exhibits. (d) Exhibits EXHIBIT NUMBER DESCRIPTION 4.1 Indenture, dated as of October 2, 2020, by and between Golub Capital BDC, Inc. and U.S. Bank National Association, as trustee (incorporated by reference to Exhibit 4.1 to the Current Report on Form 8-K filed on October 2, 2020) 4.2 Fifth Supplemental Indenture, dated as of February 1, 2024, relating to the 6.000% Notes due 2029, by and between Golub Capital BDC, Inc. and U.S. Bank Trust Company, National Association (as successor in interest to U.S. Bank National Association), as trustee (incorporated by reference to Exhibit 4.2 to the Current Report on Form 8-K filed on February 1, 2024) 4.3 Form of Global Note with respect to 6.000% Notes due 2029 (included in Exhibit 4.2 to the Current Report on Form 8-K filed on February 1, 2024 and incorporated by reference herein) 5.1 Opinion of Eversheds Sutherland (US) LLP 23.1 Consent of Eversheds Sutherland (US) LLP (contained in the opinion filed as Exhibit 5.1 hereto) 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, Golub Capital BDC, Inc. has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Golub Capital BDC, Inc. Date: December 3, 2024 By: /s/ Christopher C. Ericson Christopher C. Ericson Chief Financial Officer and Treasurer

View Full Filing

View this 8-K filing on SEC EDGAR