Golub Capital BDC Inc. filed SEC Form 8-K: Entry into a Material Definitive Agreement, Creation of a Direct Financial Obligation, Financial Statements and Exhibits
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Item 1.01 - Entry into a Material Definitive Agreement.
On April 4, 2025, Golub Capital BDC, Inc. (the “Company”) entered into a Third Amended and Restated Senior Secured Revolving Credit Agreement to amend and restate that certain Second Amended and Restated Senior Secured Revolving Credit Agreement, dated as of August 6, 2024, by and among the Company, 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, supplemented and restated, the “A&R JPM Credit Facility”; all capitalized terms used herein but not defined herein shall take their respective meanings from the A&R JPM Credit Facility). The A&R JPM Credit Facility, among other things, (i) amended the accordion provision to permit increases to the total commitments to up to $3.0 billion, (ii) reduced the commitment fee from 0.375% to 0.325% on all unused commitments, and (iii) changed the applicable margin, to be effective from and after April 4, 2025, to a range of 1.525% to 1.775% or, with respect to alternate base rate loans, a range of 0.525% to 0.775%, in each case, with such spread being determined based on the total amount of the gross borrowing base relative to the total combined debt amount, as of the date of determination. In addition, the maturity date of the A&R JPM Credit Facility was extended from August 6, 2029 to April 4, 2030. The other material terms of the A&R JPM Credit Facility were unchanged.
The foregoing description is only a summary of the material provisions of the A&R JPM Credit Facility and is qualified in its entirety by reference to a copy of the A&R JPM Credit Facility, which is filed as Exhibit 10.1 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 Registrant.
The information set forth under Item 1.01 of this current report on Form 8-K is incorporated by reference in this Item 2.03.
Item 9.01 - Financial Statements and Exhibits.
(d) Exhibits:
| Exhibit Number | Description | |
| 10.1* | Third Amended and Restated Senior Secured Revolving Credit Agreement, dated as of April 4, 2025, by and among Golub Capital BDC, Inc., as borrower, JPMorgan Chase Bank, N.A., as administrative 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). |
*Exhibits and/or schedules to this Exhibit have been omitted in accordance with Item 601 of Regulation S-K. The registrant agrees to furnish supplementally a copy of all omitted exhibits and/or schedules to the SEC upon its request.
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: April 10, 2025 | By: | /s/ Christopher C. Ericson |
| Name: | Christopher C. Ericson | |
| Title: | Chief Financial Officer | |