Golub Capital BDC amends two CLO indentures to replace LIBOR with 3M Term SOFR + 0.26161%

GOLUB CAPITAL BDC, Inc.

Amended $602.4M 2018 Debt Securitization via First Supplemental Indenture effective June 30, 2023.
Amended $908.2M GCIC 2018 Debt Securitization via Second Supplemental Indenture effective June 30, 2023.
AAA through BBB- notes now bear interest at 3M Term SOFR + 0.26161%; subordinated notes unchanged.
GCIC AAA Class A-2-R notes continue at 2.498%; subordinated notes remain non-interest bearing.
Transition is a technical replacement of LIBOR due to cessation; no change to principal or maturity.

item 1.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

GOLUB CAPITAL BDC, Inc. amended Second Supplemental Indenture valued at $908.2 million (effective 2023-06-30).

Action: amendment
Agreement: notes offering
Value: $908.2 million
Effective: 2023-06-30

Exact text from the filing

In addition, on June 30, 2023, GCIC CLO II LLC (the “GCIC 2018 Issuer”), a wholly owned subsidiary of the Company, entered into a second supplemental indenture (the “Second Supplemental Indenture”) to amend the $908.2 million term debt securitization initially completed on December 13, 2018 and acquired by the Company as part of its acquisition of Golub Capital Investment Corporation as of September 16, 2019 (as amended, the “GCIC 2018 Debt Securitization”).

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

GOLUB CAPITAL BDC, Inc. amended First Supplemental Indenture valued at $602.4 million (effective 2023-06-30).

Action: amendment
Agreement: notes offering
Value: $602.4 million
Effective: 2023-06-30

Exact text from the filing

On June 30, 2023, Golub Capital BDC CLO III LLC (the “2018 Issuer”), a wholly owned subsidiary of Golub Capital BDC, Inc. (the “Company”), entered into a supplemental indenture (the “First Supplemental Indenture”) to amend the $602.4 million term debt securitization initially completed on November 16, 2018 (as amended, the “2018 Debt Securitization”).

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GOLUB CAPITAL BDC, Inc. filing history →

Source: SEC EDGAR

accession 0001104659-23-077112

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