secwatch.observer — SEC 8-K summary
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Issuer:     GOLUB CAPITAL BDC, Inc. (GBDC)
CIK:        0001476765
Form:       8-K
Filed at:   2024-11-21T23:59:59+00:00
Accession:  0001104659-24-121602
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Golub Capital BDC closes $2.2B CLO refinancing, upsizes JPM credit facility by $75M
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- Completed $2.2B term debt securitization via wholly-owned subsidiary, issuing secured notes due 2036 and subordinated notes due 2124.
- Secured notes include $1.1924B Class A-1R (SOFR+1.56%), $171.6M A-2RR (SOFR+1.75%), $165M B-R (SOFR+1.70%), $154M C-R (SOFR+2.10%).
- Proceeds used to fully redeem three prior CLOs: $602.4M (2018), $908.2M (GCIC 2018), $398.9M (GBDC 3 2021).
- JPMorgan credit facility upsized from $1.8225B to $1.8975B via accordion; maximum remains $2.0B.
- Company retains Class B-R, C-R, and subordinated notes; GC Advisors continues as collateral manager with fee offset.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1476765/000110465924121602/0001104659-24-121602-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1476765/000110465924121602/tm2429095d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-121602

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