July 21, 2011: Golub Capital BDC (ticker:GBDC) announced the closing of a new $75 million Senior Secured Revolving Credit Facility through Golub Capital BDC Funding LLC, as borrower and a wholly owned subsidiary of Golub Capital BDC, Inc.
CEO David Golub said: “This new multi-year credit facility nicely complements Golub Capital BDC, Inc.’s other two sources of long-term, low-cost, highly flexible debt–our securitization facility created last summer and our small business investment company.”
BDC Reporter Two Cents: Unfortunately the press release does not give terms for the new Revolver. We’ll have to wait till earnings are released. A few days earlier GBDC announced $61mn in net new assets in the second quarter after a no growth first quarter. Seems like the new Revolver monies will get put to work.
