NEW YORK, Aug. 9, 2021 /PRNewswire/ -- Golub
Capital BDC, Inc., a business development company (Nasdaq: GBDC),
today announced its financial results for its third fiscal quarter
ended June 30, 2021.
Except where the context suggests otherwise, the terms
"we," "us," "our," and "Company" refer to Golub Capital BDC, Inc.
and its consolidated subsidiaries. "GC Advisors" refers to GC
Advisors LLC, our investment adviser.
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SELECTED FINANCIAL
HIGHLIGHTS
|
|
|
|
|
|
|
|
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(in thousands, expect
per share data)
|
|
|
|
|
June 30,
2021
|
|
March 31,
2021
|
|
Investment portfolio,
at fair value
|
$
|
4,439,547
|
|
|
$
|
4,395,261
|
|
|
Total
assets
|
$
|
4,698,609
|
|
|
$
|
4,605,288
|
|
|
Net asset value per
share
|
$
|
15.06
|
|
|
$
|
14.86
|
|
|
|
|
|
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Quarter
Ended
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June 30,
2021
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March 31,
2021
|
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Net investment income
per share
|
$
|
0.25
|
|
|
$
|
0.24
|
|
|
Amortization of
purchase premium per share
|
$
|
0.04
|
|
|
$
|
0.05
|
|
|
Adjusted net
investment income per share1
|
$
|
0.29
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|
|
$
|
0.29
|
|
|
|
|
|
|
Net
realized/unrealized gain/(loss) per share
|
$
|
0.24
|
|
|
$
|
0.31
|
|
|
Reversal of realized
/ unrealized loss resulting from the amortization of the
purchase
premium per share
|
$
|
(0.04)
|
|
|
$
|
(0.05)
|
|
|
Adjusted net
realized/unrealized gain/(loss) per share1
|
$
|
0.20
|
|
|
$
|
0.26
|
|
|
|
|
|
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Earnings/(loss) per
share
|
$
|
0.49
|
|
|
$
|
0.55
|
|
|
Adjusted
earnings/(loss) per share1
|
$
|
0.49
|
|
|
$
|
0.55
|
|
|
|
|
|
|
Net asset value per
share
|
$
|
15.06
|
|
|
$
|
14.86
|
|
|
Distributions paid
per share
|
$
|
0.29
|
|
|
$
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0.29
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|
|
|
|
|
|
|
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1
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On September 16,
2019, the Company completed its acquisition of Golub Capital
Investment Corporation ("GCIC"). The merger was accounted for under
the asset acquisition method of accounting in accordance with
Accounting Standards Codification 805-50, Business Combinations —
Related Issues. Under asset acquisition accounting, where the
consideration paid to GCIC's stockholders exceeded the relative
fair values of the assets acquired, the premium paid by the Company
was allocated to the cost of the GCIC assets acquired by the
Company pro-rata based on their relative fair value. Immediately
following the acquisition of GCIC, the Company recorded its assets
at their respective fair values and, as a result, the purchase
premium allocated to the cost basis of the GCIC assets acquired was
immediately recognized as unrealized depreciation on the Company's
Consolidated Statement of Operations. The purchase premium
allocated to investments in loan securities acquired from GCIC will
amortize over the life of the loans through interest income with a
corresponding reversal of the unrealized depreciation on such loans
acquired through their ultimate disposition. The purchase premium
allocated to investments in equity securities will not amortize
over the life of the equity securities through interest income and,
assuming no subsequent change to the fair value of the GCIC equity
securities acquired and disposition of such equity securities at
fair value, the Company will recognize a realized loss with a
corresponding reversal of the unrealized depreciation upon
disposition of the GCIC equity securities acquired.
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As a supplement to
U.S. generally accepted accounting principles ("GAAP") financial
measures, the Company is providing the following non-GAAP financial
measures that it believes are useful for the reasons described
below:
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|
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- "Adjusted Net Investment Income" and
"Adjusted Net Investment Income Per Share" – excludes the
amortization of the purchase premium and the accrual for the
capital gain incentive fee required under GAAP (including the
portion of such accrual that is not payable under the Company's
investment advisory agreement) from net investment income
calculated in accordance with GAAP.
- "Adjusted Net Realized and Unrealized
Gain/(Loss)" and "Adjusted Net Realized and Unrealized
Gain/(Loss) Per Share" – excludes the unrealized loss resulting
from the purchase premium write-down and the corresponding reversal
of the unrealized loss from the amortization of the premium from
the determination of realized and unrealized gain/(loss) in
accordance with GAAP.
- "Adjusted Net Income/(Loss)" and
"Adjusted Earnings/(Loss) Per Share" – calculates net income
and earnings per share based on Adjusted Net Investment Income and
Adjusted Net Realized and Unrealized Gain/(Loss). "Adjusted
earnings per share" also excludes the impact of the retroactive
adjustment to the weighted average shares calculation due to the
bonus element of the rights offering and the resulting impact on
earnings per share.
|
|
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The Company believes
that excluding the financial impact of the purchase premium write
down in the above non-GAAP financial measures is useful for
investors as it is a non-cash expense/loss resulting from the
acquisition of GCIC and is one method the Company uses to measure
its financial condition and results of operations. In addition, the
Company believes excluding the accrual of the capital gain
incentive fee in the above non-GAAP financial measures is useful as
it includes the portion of such accrual that is not contractually
payable under the terms of the Company's investment advisory
agreement with GC Advisors. Finally, the Company believes
excluding the impact of the retroactive adjustment to the weighted
average shares calculation due to the bonus element of the rights
offering and the resulting impact on per share data is useful for
investors as it presents per share financial data that is
consistent with what was previously reported.
|
Third Fiscal Quarter 2021 Highlights
- Net investment income per share for the quarter ended
June 30, 2021 was $0.25 as
compared to $0.24 for the quarter
ended March 31, 2021. Excluding $0.04 per share in purchase premium amortization
from the GCIC acquisition, Adjusted Net Investment Income Per
Share1 for the quarter ended June 30, 2021 was
$0.29. This compares to Adjusted Net
Investment Income Per Share1 of $0.29 for the quarter ended March 31, 2021
when excluding $0.05 per share in
purchase premium amortization from the GCIC acquisition.
- Net realized and unrealized gain per share for the quarter
ended June 30, 2021 was $0.24. Adjusted Net Realized and Unrealized
Gain Per Share1 was $0.20
when excluding the $0.04 per share
reversal of net realized loss and unrealized depreciation resulting
from the amortization of the purchase premium. The Adjusted
Net Realized and Unrealized Gain Per Share1 for the
quarter ended June 30, 2021 primarily resulted from a
continued reversal in unrealized depreciation in the fair value of
some of our portfolio company investments that was recognized
during the quarter ended March 31,
2020 primarily due to the adverse economic effects of the
COVID-19 pandemic. The partial reversal in unrealized depreciation
for the quarter ended June 30, 2021 was primarily
attributable to portfolio companies that generally continued to
perform well. Strong performance across the portfolio was reflected
in our internal performance ratings that have largely returned to
pre-COVID levels. For additional analysis, please refer to the
Quarter Ended 06.30.21 Investor Presentation available on the
Investor Resources link on the homepage of the Company's website
(www.golubcapitalbdc.com) under Events/Presentations. The Investor
Presentation was also filed with the Securities and Exchange
Commission as an Exhibit to a Form 8-K. These results compare
to net realized and unrealized gain per share of $0.31 during the quarter ended March 31,
2021. Adjusted Net Realized and Unrealized Gain Per
Share1 for the quarter ended March 31, 2021 was
$0.26 when excluding the $0.05 per share reversal of net realized loss and
unrealized loss resulting from the amortization of the purchase
premium.
- Earnings per share for the quarter ended June 30, 2021 was
$0.49 as compared to $0.55 for the quarter ended March 31,
2021. Adjusted Earnings Per Share1 for the quarter
ended June 30, 2021 was $0.49 as
compared to $0.55 for the quarter
ended March 31, 2021.
- Net asset value per share increased to $15.06 at June 30, 2021 from $14.86 at March 31, 2021.
- On June 29, 2021, we paid a quarterly distribution of
$0.29 per share and on August 6,
2021, our board of directors declared a quarterly distribution of
$0.29 per share, which is payable on
September 29, 2021 to stockholders of record as of
September 8, 2021.
Portfolio and Investment Activities
As of June 30, 2021, the Company had investments in 275
portfolio companies with a total fair value of $4,439.5 million. This compares to the
Company's portfolio as of March 31, 2021, as of which date the
Company had investments in 256 portfolio companies with a total
fair value of $4,395.3 million.
Investments in portfolio companies as of June 30, 2021 and
March 31, 2021 consisted of the following:
|
|
As of June 30,
2021
|
|
As of March 31,
2021
|
|
|
Investments
|
|
Percentage
of
|
|
Investments
|
|
Percentage
of
|
|
|
at Fair
Value
|
|
Total
|
|
at Fair
Value
|
|
Total
|
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Investment
Type
|
|
(In
thousands)
|
|
Investments
|
|
(In
thousands)
|
|
Investments
|
|
Senior
secured
|
|
$
|
687,622
|
|
|
15.5
|
%
|
|
$
|
683,532
|
|
|
15.5
|
%
|
|
One stop
|
|
3,563,521
|
|
|
80.3
|
|
|
3,567,140
|
|
|
81.2
|
|
|
Junior
debt*
|
|
33,991
|
|
|
0.8
|
|
|
31,163
|
|
|
0.7
|
|
|
Equity
|
|
154,413
|
|
|
3.4
|
|
|
113,426
|
|
|
2.6
|
|
|
Total
|
|
$
|
4,439,547
|
|
|
100.0
|
%
|
|
$
|
4,395,261
|
|
|
100.0
|
%
|
|
|
|
|
|
|
|
|
|
|
*
|
Junior debt is
comprised of subordinated debt and second lien
loans.
|
|
|
The following table shows the asset mix of our new investment
commitments for the three months ended June 30, 2021:
|
For the three
months ended June 30, 2021
|
|
New
Investment
|
|
|
|
Commitments
|
|
Percentage
of
|
|
(In
thousands)
|
|
Commitments
|
|
|
|
|
|
Senior
secured
|
$
|
90,747
|
|
|
14.8
|
%
|
|
One stop
|
491,901
|
|
|
80.0
|
|
|
Junior
debt*
|
377
|
|
|
—
|
|
|
Equity
|
31,664
|
|
|
5.2
|
|
|
Total new investment
commitments
|
$
|
614,689
|
|
|
100.0
|
%
|
|
|
|
|
|
*
|
Junior debt is
comprised of subordinated debt and second lien loans. Percentage
rounds to less than 0.1%.
|
Total investments in portfolio companies at fair value were
$4,439.5 million at June 30,
2021. As of June 30, 2021, total assets were
$4,698.6 million, net assets were
$2,546.9 million and net asset value
per share was $15.06.
Consolidated Results of Operations
For the third fiscal quarter of 2021, the Company reported GAAP
net income and Adjusted Net Income1 of $82.9 million or $0.49 per share. GAAP net investment income
was $42.1 million or $0.25 per share and Adjusted Net Investment
Income1 was $49.5 million
or $0.29 per share. GAAP net
realized and unrealized gain was $40.8
million or $0.24 per share and
Adjusted Realized and Unrealized Gain/(Loss)1 was
$33.4 million or $0.20 per share.
Net income can vary substantially from period to period due to
various factors, including the level of new investment commitments,
the recognition of realized gains and losses and unrealized
appreciation and depreciation, including as a result of the effects
of the COVID-19 pandemic. As a result, quarterly comparisons of net
income may not be meaningful.
Liquidity and Capital Resources
The Company's liquidity and capital resources are derived from
the Company's debt securitizations (also known as collateralized
loan obligations, or CLOs), unsecured notes, U.S. Small Business
Administration, or SBA, debentures, revolving credit facilities and
cash flow from operations. The Company's primary uses of funds from
operations include investments in portfolio companies and payment
of fees and other expenses that the Company incurs. The Company has
used, and expects to continue to use, its debt securitizations,
unsecured notes, SBA debentures, revolving credit facilities,
proceeds from its investment portfolio and proceeds from offerings
of its securities and its dividend reinvestment plan to finance its
investment objectives.
As of June 30, 2021, we had cash, cash equivalents and
foreign currencies of $156.9 million,
restricted cash, cash equivalents and foreign currencies of
$77.9 million and $2,133.4 million of debt outstanding. As of
June 30, 2021, subject to leverage and borrowing base
restrictions, we had approximately $453.1
million of remaining commitments and $453.1 million of availability, in the aggregate,
on our revolving credit facilities with various banks. In addition,
as of June 30, 2021, we had $100.0
million of remaining commitments and availability on our
unsecured line of credit with GC Advisors and $65.0 million of unfunded debenture commitments
available to be drawn, subject to customary SBA regulatory
requirements.
On April 13, 2021, we amended our
revolving credit facility with Morgan Stanley to, among other
things, extend the reinvestment period to April 12, 2024 from May 3,
2021, extend the maturity date to April 12, 2026 from May 1,
2024, and reduce the interest rate on borrowings to 1-month
LIBOR + 2.05% from 1-month LIBOR + 2.45%.
On July 16, 2021, we issued a
notice of redemption to redeem all the $189.0 million of notes issued under the
$330.4 million term debt
securitization that we completed on August
26, 2020 (the "2020 Debt Securitization"). The
weighted average interest rate of the notes to be redeemed is
3-month LIBOR + 2.44%. The redemption is expected to occur on
August 26, 2021.
On August 3, 2021, we issued
$350.0 million of unsecured notes,
which bear a fixed interest rate of 2.050% (yield to maturity of
2.274%) and mature on February 15,
2027. We intend to use the net proceeds of this offering to
redeem all of the outstanding indebtedness under the 2020 Debt
Securitization and repay a portion of amounts outstanding under our
revolving credit facilities.
Portfolio and Asset Quality
GC Advisors regularly assesses the risk profile of each of the
Company's investments and rates each of them based on an internal
system developed by Golub Capital and its affiliates. This system
is not generally accepted in our industry or used by our
competitors. It is based on the following categories, which we
refer to as GC Advisors' internal performance ratings:
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Internal
Performance Ratings
|
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Rating
|
|
Definition
|
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5
|
|
Involves the least
amount of risk in our portfolio. The borrower is performing above
expectations, and the trends and risk factors are generally
favorable.
|
|
|
|
|
4
|
|
Involves an
acceptable level of risk that is similar to the risk at the time of
origination. The borrower is generally performing as expected, and
the risk factors are neutral to favorable.
|
|
|
|
|
3
|
|
Involves a borrower
performing below expectations and indicates that the loan's risk
has increased somewhat since origination. The borrower could be out
of compliance with debt covenants; however, loan payments are
generally not past due.
|
|
|
|
|
2
|
|
Involves a borrower
performing materially below expectations and indicates that the
loan's risk has increased materially since origination. In addition
to the borrower being generally out of compliance with debt
covenants, loan payments could be past due (but generally not more
than 180 days past due).
|
|
|
|
|
1
|
|
Involves a borrower
performing substantially below expectations and indicates that the
loan's risk has substantially increased since origination. Most or
all of the debt covenants are out of compliance and payments are
substantially delinquent. Loans rated 1 are not anticipated to be
repaid in full and we will reduce the fair market value of the loan
to the amount we anticipate will be recovered.
|
Our internal performance ratings do not constitute any rating of
investments by a nationally recognized statistical rating
organization or represent or reflect any third-party assessment of
any of our investments. For additional analysis on the
Company's internal performance ratings as of June 30, 2021 and
the impact from COVID-19, please refer to the Quarter Ended
06.30.21 Investor Presentation
available on Investors Resources link on the homepage of the
Company's website (www.golubcapitalbdc.com) under
Events/Presentations.
The following table shows the distribution of the Company's
investments on the 1 to 5 internal performance rating scale at fair
value as of June 30, 2021 and March 31, 2021:
|
|
June 30,
2021
|
|
March 31,
2021
|
|
|
Internal
|
|
Investments
|
|
Percentage
of
|
|
Investments
|
|
Percentage
of
|
|
|
Performance
|
|
at Fair
Value
|
|
Total
|
|
at Fair
Value
|
|
Total
|
|
|
Rating
|
|
(In
thousands)
|
|
Investments
|
|
(In
thousands)
|
|
Investments
|
|
|
5
|
|
$
|
467,201
|
|
|
10.5
|
%
|
$
|
666,953
|
|
|
15.2
|
%
|
|
4
|
|
3,498,537
|
|
|
78.9
|
|
3,151,460
|
|
|
71.7
|
|
|
3
|
|
423,972
|
|
|
9.5
|
|
528,272
|
|
|
12.0
|
|
|
2
|
|
49,163
|
|
|
1.1
|
|
47,955
|
|
|
1.1
|
|
|
1
|
|
674
|
|
|
0.0
|
*
|
621
|
|
|
0.0
|
*
|
|
Total
|
|
$
|
4,439,547
|
|
|
100.0
|
%
|
$
|
4,395,261
|
|
|
100.0
|
%
|
|
|
|
*
|
Represents an amount
less than 0.1%.
|
|
|
|
1
|
See footnote 1 to
'Selected Financial Highlights' above.
|
Conference Call
The Company will host an earnings
conference call at 1:00 p.m. (Eastern Time)
on Tuesday, August 10, 2021 to discuss the quarterly
financial results. All interested parties may participate in the
conference call by dialing (833) 900-2240 approximately 10-15
minutes prior to the call; international callers should dial +1
(236) 714-2752. Participants should reference Golub Capital BDC,
Inc. when prompted. For a slide presentation that we intend to
refer to on the earnings conference call, please visit the Investor
Resources link on the homepage of our website
(www.golubcapitalbdc.com) and click on the Quarter Ended
06.30.21 Investor Presentation under
Events/Presentations. An archived replay of the call will be
available shortly after the call until 11:59
p.m. (Eastern Time) on August 17, 2021. To hear the
replay, please dial (800) 585-8367. International dialers, please
dial +1 (416) 621-4642. For all replays, please reference program
ID number 3857814.
|
Golub Capital BDC,
Inc. and Subsidiaries
|
|
|
|
|
Consolidated
Statements of Financial Condition
|
|
|
|
|
(In thousands,
except share and per share data)
|
|
|
|
|
June 30,
2021
|
|
March 31,
2021
|
|
Assets
|
(unaudited)
|
|
(unaudited)
|
|
Investments, at fair
value (cost of $4,452,027 and $4,444,401,
respectively)
|
$
|
4,439,547
|
|
|
$
|
4,395,261
|
|
|
Cash and cash
equivalents
|
154,323
|
|
|
75,919
|
|
|
Unrestricted foreign
currencies (cost of $2,525 and $1,184, respectively)
|
2,607
|
|
|
1,185
|
|
|
Restricted cash and
cash equivalents
|
76,141
|
|
|
106,105
|
|
|
Restricted foreign
currencies (cost of $1,779 and $789, respectively)
|
1,774
|
|
|
873
|
|
|
Interest
receivable
|
17,199
|
|
|
18,386
|
|
|
Other
assets
|
7,018
|
|
|
7,559
|
|
|
Total
Assets
|
$
|
4,698,609
|
|
|
$
|
4,605,288
|
|
|
|
|
|
|
Liabilities
|
|
|
|
|
Debt
|
$
|
2,133,390
|
|
|
$
|
2,086,204
|
|
|
Less unamortized debt
issuance costs
|
18,155
|
|
|
18,437
|
|
|
Debt less unamortized
debt issuance costs
|
2,115,235
|
|
|
2,067,767
|
|
|
Unrealized
depreciation on forward currency contracts
|
4,381
|
|
|
3,835
|
|
|
Interest
payable
|
12,133
|
|
|
13,376
|
|
|
Management and
incentive fees payable
|
15,131
|
|
|
15,998
|
|
|
Accounts payable and
accrued expenses
|
4,818
|
|
|
5,181
|
|
|
Total
Liabilities
|
2,151,698
|
|
|
2,106,157
|
|
|
|
|
|
|
Net
Assets
|
|
|
|
|
Preferred stock, par
value $0.001 per share, 1,000,000 shares authorized, zero
shares issued and outstanding as of June 30, 2021 and March 31,
2021, r
espectively.
|
—
|
|
|
—
|
|
|
Common stock, par
value $0.001 per share, 200,000,000 shares authorized,
169,151,857 and 168,231,707 issued and outstanding as of June 30,
2021 and
March 31, 2021, respectively.
|
169
|
|
|
168
|
|
|
Paid in capital in
excess of par
|
2,652,474
|
|
|
2,638,801
|
|
|
Distributable
earnings
|
(105,732)
|
|
|
(139,838)
|
|
|
Total Net
Assets
|
2,546,911
|
|
|
2,499,131
|
|
|
Total Liabilities
and Total Net Assets
|
$
|
4,698,609
|
|
|
$
|
4,605,288
|
|
|
|
|
|
|
Number of common
shares outstanding
|
169,151,857
|
|
|
168,231,707
|
|
|
Net asset value per
common share
|
$
|
15.06
|
|
|
$
|
14.86
|
|
|
Golub Capital BDC,
Inc. and Subsidiaries
|
|
|
|
|
|
Consolidated
Statements of Operations
|
|
|
|
|
|
(In thousands,
except share and per share data)
|
|
|
|
|
|
|
Three months
ended
|
|
|
June 30,
2021
|
|
March 31,
2021
|
|
|
(unaudited)
|
|
(unaudited)
|
|
Investment
income
|
|
|
|
Interest
income
|
|
$
|
81,694
|
|
|
$
|
83,728
|
|
|
GCIC acquisition
purchase price premium amortization
|
|
(7,436)
|
|
|
(8,722)
|
|
|
Dividend
income
|
|
78
|
|
|
42
|
|
|
Fee income
|
|
1,433
|
|
|
1,153
|
|
|
Total investment
income
|
|
75,769
|
|
|
76,201
|
|
|
|
|
|
|
|
Expenses
|
|
|
|
|
|
Interest and other
debt financing expenses
|
|
15,125
|
|
|
16,190
|
|
|
Base management
fee
|
|
15,298
|
|
|
15,082
|
|
|
Incentive
fee
|
|
—
|
|
|
942
|
|
|
Professional
fees
|
|
1,034
|
|
|
1,201
|
|
|
Administrative service
fee
|
|
1,856
|
|
|
2,000
|
|
|
General and
administrative expenses
|
|
391
|
|
|
478
|
|
|
Total
expenses
|
|
33,704
|
|
|
35,893
|
|
|
Net investment
income
|
|
42,065
|
|
|
40,308
|
|
|
|
|
|
|
|
Net gain (loss) on
investment transactions
|
|
|
|
|
|
Net realized gain
(loss) from:
|
|
|
|
|
|
Investments
|
|
6,005
|
|
|
1,171
|
|
|
Foreign currency
transactions
|
|
(398)
|
|
|
(1,117)
|
|
|
Net realized gain
(loss) in investment transactions
|
|
5,607
|
|
|
54
|
|
|
Net change in
unrealized appreciation (depreciation) from:
|
|
|
|
|
|
Investments
|
|
36,660
|
|
|
48,460
|
|
|
Translation of assets
and liabilities in foreign currencies
|
|
(893)
|
|
|
1,372
|
|
|
Forward currency
contracts
|
|
(546)
|
|
|
1,121
|
|
|
Net change in
unrealized appreciation (depreciation) on investment
transactions
|
|
35,221
|
|
|
50,953
|
|
|
Net gain (loss) on
investments
|
|
40,828
|
|
|
51,007
|
|
|
|
|
|
|
|
Net increase
(decrease) in net assets resulting from operations
|
|
$
|
82,893
|
|
|
$
|
91,315
|
|
|
|
|
|
|
|
Per Common Share
Data
|
|
|
|
|
|
Basic and diluted
earnings (loss) per common share
|
|
$
|
0.49
|
|
|
$
|
0.55
|
|
|
Dividends and
distributions declared per common share
|
|
$
|
0.29
|
|
|
$
|
0.29
|
|
|
Basic and diluted
weighted average common shares outstanding
|
|
168,251,930
|
|
|
167,281,115
|
|
ABOUT GOLUB CAPITAL BDC, INC.
Golub Capital BDC, Inc. ("GBDC") is an externally-managed,
non-diversified closed-end management investment company that has
elected to be treated as a business development company under the
Investment Company Act of 1940. GBDC invests primarily in one stop
and other senior secured loans to middle market companies that are
often sponsored by private equity investors. GBDC's investment
activities are managed by its investment adviser, GC Advisors LLC,
an affiliate of the Golub Capital LLC group of companies ("Golub
Capital").
ABOUT GOLUB CAPITAL
Golub Capital is a market-leading, award-winning direct lender
and credit asset manager, with over $40
billion of capital under management. Golub Capital
specializes in delivering reliable, creative and compelling
financing solutions to companies backed by private equity sponsors.
The firm's sponsor finance expertise also forms the foundation of
its Late Stage Lending, Broadly Syndicated Loan and Opportunistic
Credit investment programs. Across its activities, Golub Capital
nurtures long-term, win-win partnerships that inspire repeat
business from private equity sponsors and investors. Founded over
25 years ago, Golub Capital today has over 550 employees and
lending offices in Chicago,
New York, San Francisco and London. For more information, please visit
golubcapital.com.
FORWARD-LOOKING STATEMENTS
This press release may contain "forward-looking statements"
within the meaning of the Private Securities Litigation Reform Act
of 1995. Statements other than statements of historical facts
included in this press release may constitute forward-looking
statements and are not guarantees of future performance or results
and involve a number of risks and uncertainties. Actual results may
differ materially from those expressed or implied in the
forward-looking statements as a result of a number of factors,
including those described from time to time in filings with the
Securities and Exchange Commission. Golub Capital BDC, Inc.
undertakes no duty to update any forward-looking statement made
herein. All forward-looking statements speak only as of the date of
this press release.
View original
content:https://www.prnewswire.com/news-releases/golub-capital-bdc-inc-announces-fiscal-year-2021-third-quarter-financial-results-and-declares-fiscal-year-2021-fourth-quarter-distribution-of-0-29-per-share-301351336.html
SOURCE Golub Capital BDC, Inc.