Golub Cap Bdc Inc Stock Price, News & Analysis

Golub Capital BDC, Inc. (NASDAQ: GBDC) announced its financial results for the quarter ended June 30, 2021, will be released on August 9, 2021, after market close. An earnings conference call is scheduled for August 10, 2021, at 1:00 p.m. Eastern Time. Participants can join the call by dialing specific numbers provided for domestic and international callers. GBDC specializes in investing in senior secured loans of U.S. middle market companies, primarily sponsored by private equity investors, with over $35 billion in capital under management.

Golub Capital BDC, Inc. (GBDC) reported $614.7 million in new middle-market investment commitments for the three months ending June 30, 2021. Of this, approximately $519.0 million was funded at close, with 80% being one-stop loans. Total investments at fair value rose by 1.0%, equating to $44.1 million, after accounting for various financial activities. The company specializes in senior secured loans for middle-market businesses, emphasizing partnerships with private equity sponsors.

For the second fiscal quarter ended March 31, 2021, Golub Capital BDC reported a net income of $91.3 million or $0.55 per share, up from $0.56 in the previous quarter. The investment portfolio value decreased to $4.4 billion from $4.5 billion, while the net asset value per share rose to $14.86 from $14.60. Net investment income per share increased to $0.24, and adjusted metrics remained stable. The company maintained a quarterly distribution of $0.29 per share. As of March 31, the firm had investments in 256 portfolio companies, and total assets amounted to $4.6 billion.

Golub Capital BDC, Inc. (NASDAQ: GBDC) will report its financial results for the quarter ended March 31, 2021, on May 10, 2021, after market close. An earnings conference call is scheduled for May 11, 2021, at 3:00 p.m. ET. Interested participants can join the call by dialing (833) 900-2240 or (236) 714-2752 for international calls. An archived replay will be accessible until May 18, 2021. GBDC primarily invests in senior secured loans to middle market companies, managed by GC Advisors LLC, and has over $35 billion in capital under management.

Golub Capital BDC, Inc. (GBDC) announced it originated $234.7 million in new middle-market investment commitments in Q2 of fiscal year 2021, with 75% being one-stop loans. Total investments at fair value decreased by approximately 2.5% or $114.6 million due to debt repayments and sales. During this period, $175.0 million was funded at close. Golub Capital, a leading direct lender, manages over $35 billion in capital and specializes in financing mid-market companies backed by private equity.

Golub Capital BDC (NASDAQGS: GBDC) has announced the pricing of a public offering of $400 million in 2.500% notes due 2026. These notes will mature on August 24, 2026. The proceeds from this offering will primarily be used to repay existing debt, including amounts under revolving credit facilities. The offering is expected to close on February 24, 2021, pending customary closing conditions. The notes can be redeemed at the Company's discretion at par plus potential premiums.

Golub Capital BDC, Inc. (Nasdaq: GBDC) has closed a $475 million senior secured revolving credit facility, led by JPMorgan Chase Bank with participation from six banks. The facility, which matures on February 11, 2026, offers an option for an additional $237.5 million. Interest rates range from one-month LIBOR plus 1.75% to 1.875%. CEO David B. Golub emphasized the facility's favorable terms and the diversification of liquidity sources following their successful unsecured notes offering in October 2020.

Golub Capital BDC reported its financial results for Q1 FY2021, showing a net investment income per share of $0.23 and adjusted net investment income of $0.29, up from $0.28 in the previous quarter. The company’s net asset value per share rose to $14.60 from $14.33. Total assets increased to $4.80 billion, with an investment portfolio valued at $4.51 billion. The company declared a quarterly distribution of $0.29 per share, consistent with the previous period. Net income for Q1 was $94.4 million or $0.56 per share.

Golub Capital BDC (NASDAQ: GBDC) reported preliminary estimates for Q1 FY2021 ending December 31, 2020, indicating a strong financial performance. Net investment income per share is estimated between $0.22 and $0.23, while adjusted earnings per share are expected to be $0.51 to $0.59. The estimated net asset value per share stands between $14.55 and $14.63, showing solid portfolio performance since COVID-19. The Company also expects to report a total of $526.8 million in new middle-market investment commitments.