GBDC completes $2.2B CLO, redeems $1.9B legacy securitizations, cuts borrowing costs

GOLUB CAPITAL BDC, Inc.

Completed $2.2B term debt securitization (CLO) on Nov 18, 2024; senior AAA notes at 3M SOFR+1.56%, junior AAA at SOFR+1.75%.
Fully redeemed three legacy securitizations: 2018 ($602.4M), GCIC 2018 ($908.2M), GBDC 3 2021 ($398.9M).
Issued notice to redeem $386.6M GBDC 3 2022-2 securitization expected Dec 16, 2024.
Increased JPM credit facility commitments from $1,822.5M to $1,897.5M; plans to terminate DB credit facility.
Expects immediate reduction in weighted average cost of debt, extended maturity, and no change to credit ratings (Baa3/BBB/BBB-).

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