---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-120453"
form_type: "8-K"
ticker: null
cik: "0001868878"
company_name: "GOLUB CAPITAL DIRECT LENDING CORP"
filed_at: "2023-11-22T23:59:59+00:00"
generated_at: "2026-06-07T22:22:23.004426+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Golub Capital Direct Lending increases revolving credit facility from $170M to $220M

## Summary
- Fourth amendment effective Nov 15, 2023 raises borrowing capacity by $50M to $220M.
- Interest margin revised to Eurocurrency Rate plus 2.10%-2.45% based on uncalled capital commitments coverage.
- Other material terms of the PNC Facility remain unchanged.
- Borrowers paid an annualized fee on the increase; conditions precedent satisfied.

## SEC filing metadata
- accession: 0001104659-23-120453
- form_type: 8-K
- cik: 0001868878
- company_name: GOLUB CAPITAL DIRECT LENDING CORP
- filed_at: 2023-11-22T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1868878/000110465923120453/0001104659-23-120453-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1868878/000110465923120453/tm2331297d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-120453
- JSON: https://secwatch.observer/filing/0001104659-23-120453.json
- Plain text: https://secwatch.observer/filing/0001104659-23-120453.txt

## Key facts
- Debt Financings
  GOLUB CAPITAL DIRECT LENDING CORP amended revolving credit of $220.0 million with PNC Bank, National Association at ranging from 2.10% to 2.45%.
  - Instrument: revolving credit
  - Principal: $220.0 million
  - Counterparty: PNC Bank, National Association
  - Rate: ranging from 2.10% to 2.45%
  - Event: amendment
  source text: The Fourth PNC Facility Amendment, among other things, increases the borrowing capacity under the PNC Facility from $170.0 million to $220.0 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 2.10% to 2.45%
  evidence_url: https://www.sec.gov/Archives/edgar/data/1868878/000110465923120453/0001104659-23-120453-index.htm
- Material Agreements
  GOLUB CAPITAL DIRECT LENDING CORP entered into Fourth PNC Facility Amendment with PNC Bank, National Association valued at increases borrowing capacity from $170.0 million to $220.0 million; interest rate margin ranging fro (effective 2023-11-15).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: PNC Bank, National Association
  - Value: increases borrowing capacity from $170.0 million to $220.0 million; interest rate margin ranging fro
  - Effective: 2023-11-15
  source text: On November 15, 2023, Golub Capital Direct Lending Corporation (the “Company”), GDLC Funding LLC (“GDLC Funding”), a direct, wholly owned subsidiary of the Company, GDLC Feeder Fund, L.P. (“GDLC Feeder”, and collectively with the Company and GDLC Funding the "Borrowers") and, Golub Onshore GP 3, LLC (“Feeder GP”), the general partner of GDLC Feeder, entered into an increase notice and a fourth amendment (collectively and together with certain other documents executed concurrently, the “Fourth PNC Facility Amendment”) to the documents governing the revolving credit and security agreement, initially entered into as of March 21, 2022, by and among the Company, GDLC 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/1868878/000110465923120453/0001104659-23-120453-index.htm

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