---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-100824"
form_type: "8-K"
ticker: null
cik: "0001901612"
company_name: "Golub Capital BDC 4, Inc."
filed_at: "2023-09-14T23:59:59+00:00"
generated_at: "2026-06-10T17:58:28.556593+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Golub Capital BDC 4 expands credit facility to $195M and lowers minimum subscription to $10K

## Summary
- Borrowing capacity under PNC Facility increased from $145M to $195M; interest margin ranges from 2.00% to 2.40%.
- Minimum subscription amount reduced from $250,000 to $10,000 to attract smaller investors.
- Company waived its discretionary ability to block share transfers to comply with ERISA plan asset rules.
- Changes allow acceptance of subscriptions from ERISA-subject investors without triggering plan asset restrictions.

## SEC filing metadata
- accession: 0001104659-23-100824
- form_type: 8-K
- cik: 0001901612
- company_name: Golub Capital BDC 4, Inc.
- filed_at: 2023-09-14T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 2.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1901612/000110465923100824/0001104659-23-100824-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1901612/000110465923100824/tm2325921d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-100824
- JSON: https://secwatch.observer/filing/0001104659-23-100824.json
- Plain text: https://secwatch.observer/filing/0001104659-23-100824.txt

## Key facts
- Debt Financings
  Golub Capital BDC 4, Inc. amended credit facility of $145.0 million to $195.0 million with PNC Bank, National Association, as administrative agent, collateral agent, and a lender; PNC Capital Markets LLC, as structuring agent at plus a margin ranging from 2.00% to 2.40%.
  - Instrument: credit facility
  - Principal: $145.0 million to $195.0 million
  - Counterparty: PNC Bank, National Association, as administrative agent, collateral agent, and a lender; PNC Capital Markets LLC, as structuring agent
  - Rate: plus a margin ranging from 2.00% to 2.40%
  - Event: amendment
  source text: The Third PNC Facility Amendment, among other things, increases the borrowing capacity under the PNC Facility from $145.0 million to $195.0 million and updates the applicable margin such that borrowings under the PNC Facility will bear interest, at the Company's election and depending on the currency of the borrowing, of either the Eurocurrency Rate, the Daily Simple RFR, the Daily Simple SOFR, the Term SOFR Rate, or the Base Rate (each, as defined in the PNC Facility) plus a margin ranging from 2.00% to 2.40%
  evidence_url: https://www.sec.gov/Archives/edgar/data/1901612/000110465923100824/0001104659-23-100824-index.htm
- Material Agreements
  Golub Capital BDC 4, Inc. amended Third PNC Facility Amendment with PNC Bank, National Association valued at $145.0 million to $195.0 million (effective 2023-09-08).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: PNC Bank, National Association
  - Value: $145.0 million to $195.0 million
  - Effective: 2023-09-08
  source text: On September 8, 2023, Golub Capital BDC 4, Inc. (the “Company”) and Golub Capital BDC 4 Funding LLC (“GBDC 4 Funding”), a direct, wholly owned subsidiary of the Company, entered into an increase notice and a third amendment (collectively and together with certain other documents executed concurrently, the “Third PNC Facility Amendment”) to the documents governing the revolving credit facility, initially entered into as of July 8, 2022, by and among the Company, GBDC 4 Funding, PNC Bank, National Association, as administrative agent for the secured parties, the collateral agent, and a lender, PNC Capital Markets LLC, as structuring agent, and the lenders from time to time party thereto (as amended, the “PNC Facility”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1901612/000110465923100824/0001104659-23-100824-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.