Golub Capital BDC, Inc. Files 8-K for Material Agreement

TL;DR

GCBC filed an 8-K for a material definitive agreement on Dec 4th. Details TBD.

AI Summary

On December 4, 2024, Golub Capital BDC, Inc. entered into a material definitive agreement. The filing does not provide specific details on the agreement or any associated dollar amounts. This report is a current report filed pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934.

Why It Matters

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

Risk Assessment

Risk Level: low — The filing is a standard 8-K reporting a material definitive agreement without immediate financial implications disclosed.

Key Players & Entities

• Golub Capital BDC, Inc. (company) — Registrant
• December 4, 2024 (date) — Date of earliest event reported

FAQ

Key Financial Figures

• $0.001 — h registered Common Stock, par value $0.001 per share GBDC The Nasdaq Global Se
• $250.0 million — ng an aggregate offering price of up to $250.0 million. On December 4, 2024, GBDC entered int
• $1,897.5 million — the JPM Credit Facility increased from $1,897.5 million to $1,997.5 million. The accordion feat
• $1,997.5 million — lity increased from $1,897.5 million to $1,997.5 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

• tm2430346d1_8k.htm (8-K) — 31KB
• tm2430346d1_ex10-1.htm (EX-10.1) — 21KB
• tm2430346d1_ex10-2.htm (EX-10.2) — 16KB
• 0001104659-24-126316.txt ( ) — 248KB
• gbdc-20241204.xsd (EX-101.SCH) — 3KB
• gbdc-20241204_lab.xml (EX-101.LAB) — 33KB
• gbdc-20241204_pre.xml (EX-101.PRE) — 22KB
• tm2430346d1_8k_htm.xml (XML) — 4KB

01 Entry into a Material Definitive Agreement

Item 1.01 Entry into a Material Definitive Agreement. Equity Distribution Agreement Amendment On October 6, 2023, Golub Capital BDC, Inc. ("GBDC") established an "at-the-market" offering (the "ATM Program") through which GBDC may sell, from time to time through the Placement Agents (as defined below), shares of GBDC's common stock, par value $0.001 per share (the "Shares"), having an aggregate offering price of up to $250.0 million. On December 4, 2024, GBDC entered into the first amendment (the "First Amendment") to the equity distribution agreement, dated as of October 6, 2023 (as amended, the "Equity Distribution Agreement"), by and among GBDC, GC Advisors LLC, and Golub Capital LLC and Keefe, Bruyette & Woods, Inc. and Regions Securities LLC (the "Placement Agents"), to modify certain settlement mechanics and to clarify the periods during which GBDC can request the Placement Agents to sell Shares. The other material terms of the Equity Distribution Agreement were unchanged. The foregoing description is only a summary of the material provisions of the First Amendment and is qualified in its entirety by reference to a copy of the First Amendment, which is attached hereto as Exhibit 10.1 and is incorporated herein by reference. This Current Report on Form 8-K shall not constitute an offer to sell or a solicitation of an offer to buy any securities, nor shall there be any sale of these securities in any securities laws of any such state or other jurisdiction. JPM Credit Facility Commitment Increase On December 6, 2024, GBDC entered into an agreement (the "Commitment Increase Agreement"), pursuant to which, through the accordion feature in the Senior Secured Revolving Credit Facility, dated as of August 6, 2024, by and among GBDC, as borrower, JPMorgan Chase Bank, N.A., as administrative agent and as collateral agent, and the

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits 10.1 First Amendment to the Equity Distribution Agreement, dated December 4, 2024, by and among Golub Capital BDC, Inc., GC Advisors LLC, Golub Capital LLC, Keefe, Bruyette & Woods, Inc. and Regions Securities LLC. 10.2 Commitment Increase Agreement, dated as of December 6, 2024, by Royal Bank of Canada, 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)

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: December 6, 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