GOLUB CAPITAL BDC, Inc.

$2bn committed across 1 active facility, next covenant test Sep 30, 2026. GBDC

Recent changes

  1. Jul 9, 2026GOLUB CAPITAL BDC, Inc. signs $2bn FOURTH AMENDED AND RESTATED SENIOR SECURED REVOLVING CREDIT AGREEMENT, matures Jul 2031SEC ↗
Tested quarterlyHeadroom not yet measured$2.63bn
The Borrower will not permit its Shareholders’ Equity at the last day of any fiscal quarter to be less than the sum of (i) $2,634,866,200 plus (ii) 25% of the net cash proceeds of the sale of Equity Interests of the Borrower after the Restatement Effective Date (other than proceeds of any distribution or dividend reinvestment plan).
Read the filing on sec.gov ↗
Tested otherHeadroom not yet measured1.50
The Borrower will not permit the Asset Coverage Ratio to be less than 1.50 to 1 at any time.
Read the filing on sec.gov ↗

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FOURTH AMENDED AND RESTATED SENIOR SECURED REVOLVING CREDIT AGREEMENT

Signed Jul 2, 2026

Committed
$2bn
Matures
Jul 2031
Agent
JPMorgan Chase Bank, N.A.
TrancheSizeMaturesMargin
Dollar Commitments$487.5mJul 2031178 bps
Multicurrency Commitments$1.51bnJul 2031178 bps

Priced over Term SOFR, floor 0 bps (Revolving credit facility).

LevelConditionMarginUnused fee
Level Level IGross Borrowing Base ≥ 2.0x Combined Debt Amountn/an/a
Level Level IIGross Borrowing Base < 2.0x and ≥ 1.60x Combined Debt Amountn/an/a
Level Level IIIGross Borrowing Base < 1.60x Combined Debt Amount178 bpsn/a

Lenders: JPMorgan Chase Bank, N.A., MUFG Bank, Ltd., Sumitomo Mitsui Banking Corporation, Truist Securities, Inc., Wells Fargo Securities, LLC

No amendments on file yet.

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