Golub Capital BDC 4 closes $1.155B CLO with notes across six tranches

Golub Capital BDC 4, Inc.

Completed a $1,154,900,000 term debt securitization (CLO) on June 20, 2025, through subsidiary Golub Capital BDC 4 CLO 1 LLC.
Issued secured notes: $667M Class A-1 (SOFR+1.63%), $40.25M Class A-2 (SOFR+1.80%), $92M Class B (SOFR+2.00%), $69M Class C (SOFR+2.80%), and $286.65M Subordinated Notes (due 2125, no interest).
The CLO is backed by a diversified portfolio of senior secured and second lien loans; principal collections may be reinvested through June 2029.
GC Advisors LLC serves as collateral manager; its fee will offset management fees payable under the investment advisory agreement with the company.
Secured notes were placed via BNP Paribas Securities Corp. and NatWest Markets Securities Inc. in a private placement.

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