Golub Capital BDC, Inc. Announces $97.1 Million In New Middle-Market Originations For Its Fiscal Year 2017 Second Quarter
Investment Weekly News
By a News Reporter-Staff News Editor at Investment Weekly News -- - Golub Capital BDC, Inc. (NASDAQ: GBDC, HYPERLINK "http://www.golubcapitalbdc.com"www.golubcapitalbdc.com), a business development company, announced that it originated $97.1 million in new middle-market investment commitments during the three months ended March 31, 2017. Approximately 42% of the new middle-market investment commitments were one stop loans, 57% were senior secured loans and approximately 1% were equity securities. Of the new middle-market investment commitments, $94.7 million funded at close. In addition, during the three months ended March 31, 2017, Golub Capital BDC, Inc. invested $8.9 million in Senior Loan Fund LLC, an unconsolidated Delaware limited liability company ("SLF"), that invests in senior secured loans and is co-managed by Golub Capital BDC, Inc. and RGA Reinsurance Company.
Total investments at fair value are estimated to have increased by approximately 2.2%, or $37.7 million, during the three months ended March 31, 2017 after factoring in debt repayments, sales of securities, net fundings on revolvers and net change in unrealized gains (losses). Total investments at fair value held by SLF are estimated to have increased by approximately 5.2%, or $17.4 million, after factoring in debt repayments, sales of securities, net fundings on revolvers and net change in unrealized gains (losses).
Keywords for this news article include: Investing.
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