---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-067549"
form_type: "8-K"
ticker: "GBDC"
cik: "0001476765"
company_name: "GOLUB CAPITAL BDC, Inc."
filed_at: "2024-06-03T23:59:59+00:00"
generated_at: "2026-06-01T06:46:29.936727+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-24-067549
- form_type: 8-K
- ticker: GBDC
- cik: 0001476765
- company_name: GOLUB CAPITAL BDC, Inc.
- filed_at: 2024-06-03T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 1.01, 1.02, 2.01, 2.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1476765/000110465924067549/0001104659-24-067549-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1476765/000110465924067549/tm2416178d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-067549
- JSON: https://secwatch.observer/filing/0001104659-24-067549.json
- Plain text: https://secwatch.observer/filing/0001104659-24-067549.txt

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