Golub Capital Private Credit Fund: M&A transaction — Golub Capital Private Credit Fund acquires CLO vehicle for ~$442M, funded by $650M private share offering

Vehicle (together, the “ Equity Interests ”), for an estimated aggregate purchase price (paid to each Seller based on its pro rata ownership of the CLO Vehicle) of approximately $442 million (the “ Estimated Purchase Price ”), which may be adjusted following the Fund’s Board of Trustee’s (the “ Board ”) approval of the final net asset value (the “ Final NAV ”) of the

Pursuant to a Share Purchase and Sale Agreement, dated July 1, 2023 (the “ Purchase and Sale Agreement ”), by and among Golub Capital Private Credit Fund, a Delaware statutory trust structured as an externally managed, non-diversified closed-end management investment company (the “ Fund ”), GCP HS Fund, a Delaware statutory trust, GCP CLO Holdings Sub LP, an exempted limited partnership registered in the Cayman Islands (each, a “ Seller ” and, collectively, “ Sellers ”), and GC Advisors LLC, a Delaware limited liability company, the Fund’s investment adviser (the “ Adviser ”), the Fund acquired all of the assets and liabilities (the “ Seed Assets ”) of GCP SG Warehouse 2022-1 (the “ CLO Vehicle ”) through the purchase from the Sellers of 100% of the beneficial interests in, and 100% of the subordinated notes issued by, the CLO Vehicle (together, the “ Equity Interests ”), for an estimated aggregate purchase price (paid to each Seller based on its pro rata ownership of the CLO Vehicle)

(ii) an Amended and Restated Collateral Management Agreement, dated as of July 1, 2023, by and among the CLO Vehicle, as borrower, and the Adviser, as collateral manager (in such capacity, the “ Collateral Manager ”) (the “ Collateral Management Agreement ”)

On July 1, 2023, the CLO Vehicle amended its credit facility (the “ Credit Facility ”) and entered into (i) an Amended and Restated Credit Agreement by and among the CLO Vehicle, as borrower, Société Générale, as administrative agent, the Lenders and the Subordinated Noteholders party thereto, and Wilmington Trust, National Association as collateral agent, collateral administrator, custodian and collateral custodian (the “ Credit Agreement ”)