Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

GOLUB CAPITAL BDC, INC.

(GBDC)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector news

GOLUB CAPITAL BDC, INC. : Entry into a Material Definitive Agreement, Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant, Financial Statements and Exhibits (form 8-K)

11/24/2021 | 07:05am EST

Item 1.01 - Entry into a Material Definitive Agreement.

On November 19, 2021, Golub Capital BDC, Inc. (the "Company") entered into an amendment (the "JPM Credit Facility Amendment") to that certain Senior Secured Revolving Credit Agreement, dated as of February 11, 2021, by and 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 (as amended and supplemented by the JPM Credit Facility Amendment, the "JPM Credit Facility"). The JPM Credit Facility Amendment was effective as of November 19, 2021.

The JPM Credit Facility Amendment amended the JPM Credit Facility to, among other things, (x) increase the accordion feature, which allows the Company, under certain circumstances, to increase the total size of the facility, to a total facility size of $1.5 billion from $712.5 million, and (y) replace the LIBOR benchmark and interest rate for loans denominated in Pounds Sterling and Swiss Francs. Upon effectiveness of the JPM Credit Facility Amendment, borrowings under the JPM Credit Facility remain subject to compliance with a borrowing base test. In connection with the JPM Credit Facility Amendment, interest under the JPM Credit Facility for loans denominated in Pounds Sterling or Swiss Francs, (A) if the value of the gross borrowing base is equal to or greater than 1.60 times the aggregate amount of certain outstanding indebtedness of the Company, or the "Combined Debt Amount," is payable at a rate equal to one month SONIA plus 1.7826% per annum or one month SARON plus 1.6929% per annum, respectively and, (B) if the value of the gross borrowing base is less than 1.60 times the Combined Debt Amount, is payable at a rate equal to one month SONIA plus 1.9076% per annum or one month SARON plus 1.8179% per annum, respectively.

On November 23, 2021, the Company entered into an agreement with First National Bank of Pennsylvania, JPMorgan Chase Bank, N.A., MUFG Union Bank, N.A., CIBC Bank USA, and Sumitomo Mitsui Banking Corporation (the "Commitment Increase Agreement"), pursuant to which, through the accordion feature in the JPM Credit Facility, the aggregate commitments under the JPM Credit Facility increased from $687.5 million to $1,037.5 million. The accordion feature in the JPM Credit Facility allows the Company, under certain circumstances, to increase the total size of the facility to a maximum of $1.5 billion.

The foregoing descriptions are only a summary of the material provisions of each of the JPM Credit Facility Amendment and the Commitment Increase Agreement and are qualified in their entirety by reference to copies of the JPM Credit Facility Amendment and Commitment Increase Agreement, respectively, which are filed as Exhibit 10.1 and Exhibit 10.2 to this Current Report on Form 8-K and incorporated by reference herein.

Item 2.03 - Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

The information set forth under Item 1.01 above is incorporated by reference into this Item 2.03.

Item 9.01 - Financial Statements and Exhibits.



(d) Exhibits:



Exhibit Number   Description

  10.1             Amendment No. 1, dated as of November 19, 2021, to Senior Secured
                 Revolving Credit Agreement, dated as of February 11, 2021, by and
                 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

  10.2             Commitment Increase Agreement, dated as of November 23, 2021, by
                 First National Bank of Pennsylvania, as Assuming Lender, JPMorgan
                 Chase Bank, N.A., MUFG Union Bank, N.A., CIBC Bank USA, and Sumitomo
                 Mitsui Banking Corporation, each as an Increasing 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 February 11, 2021, 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.

© Edgar Online, source Glimpses

All news about GOLUB CAPITAL BDC, INC.
01/11Golub Capital BDC Originates $867.7 Million in New Middle-Market Investment Commitments..
MT
01/10GOLUB CAPITAL BDC : ANNOUNCES $867.7 MILLION IN NEW MIDDLE-MARKET ORIGINATIONS FOR ITS FIS..
PU
01/10Golub capital bdc, inc. announces $867.7 million in new middle-market originations for ..
PR
01/06GOLUB CAPITAL BDC : Schedules Release of Fiscal Year 2022 First Quarter Results - Form 8-K
PU
01/06Golub Capital BDC, Inc. Schedules Release of Fiscal Year 2022 First Quarter Results
PR
2021GOLUB CAPITAL BDC, INC. : Entry into a Material Definitive Agreement, Creation of a Direct..
AQ
2021Golub Capital BDC, Inc Enters into Agreement with Comerica Bank, Capital One
CI
2021GOLUB CAPITAL BDC, INC. Financial Statements and Exhibits (form 8-K/A)
AQ
2021GOLUB CAPITAL BDC, INC. : Ex-dividend day for
FA
2021Golub Capital BDC Posts Q4 Gains Above Estimates, Raises Distribution
MT
More news
Analyst Recommendations on GOLUB CAPITAL BDC, INC.
More recommendations
Financials (USD)
Sales 2022 367 M - -
Net income 2022 207 M - -
Net Debt 2022 - - -
P/E ratio 2022 13,0x
Yield 2022 7,79%
Capitalization 2 620 M 2 620 M -
Capi. / Sales 2022 7,15x
Capi. / Sales 2023 6,69x
Nbr of Employees -
Free-Float 95,0%
Chart GOLUB CAPITAL BDC, INC.
Duration : Period :
Golub Capital BDC, Inc. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends GOLUB CAPITAL BDC, INC.
Short TermMid-TermLong Term
TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 5
Last Close Price 15,41 $
Average target price 16,31 $
Spread / Average Target 5,86%
EPS Revisions
Managers and Directors
David B. Golub Chief Executive Officer & Director
Christopher Ericson Chief Financial Officer & Treasurer
Lawrence Eric Golub Chairman
Joshua M. Levinson Secretary & Chief Compliance Officer
Kenneth F. Bernstein Independent Trustee
Sector and Competitors