Golub Capital BDC closes merger with GBDC 3, issues special distributions totaling $0.15/share

GOLUB CAPITAL BDC, Inc.

GBDC issued 0.9138 shares per GBDC 3 share; transaction estimated 2.1% accretive to GBDC NAV as of March 31, 2024.
GBDC pro forma total assets $8.8B, investments in 367 portfolio companies; fifth-largest externally managed BDC by assets.
Investment adviser GC Advisors permanently cut incentive fee rate from 20% to 15%; cumulative cap and 8% hurdle remain.
Board declared special distributions totaling $0.15 per share in three quarterly $0.05 payments starting June 27, 2024.
GBDC stock closed at $16.57 on May 31, 2024; GBDC 3 NAV per share estimated at $14.70 as of that date.

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