Golub Cap Bdc Inc Stock Price, News & Analysis

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.

Golub Capital BDC reported its fourth fiscal quarter 2020 results, ending September 30, showing an investment portfolio valued at $4.24 billion. The net asset value per share rose to $14.33, compared to $14.05 in the previous quarter. Earnings per share declined to $0.57 from $0.93. Net investment income remained stable at $0.23 per share, while adjusted net investment income was $0.28. Distributions of $0.29 per share were declared for December 2020. The company maintains a strong asset quality amid economic recovery.

Golub Capital BDC (GBDC) released preliminary estimates for its fourth fiscal quarter ending September 30, 2020. The company anticipates net investment income per share between $0.22 and $0.24, with earnings per share ranging from $0.53 to $0.61. Estimated net asset value per share is projected at $14.29 to $14.37. The firm expects strong earnings despite COVID-19 impacts, with over $400 million in liquidity. Non-accrual investments decreased from 10 to 9, indicating improved asset management.

Golub Capital BDC has priced an underwritten public offering of $400 million in 3.375% notes due 2024. The notes will mature on April 15, 2024 and may be redeemed early at par plus a premium. The offering, managed by J.P. Morgan and others, is expected to close on October 2, 2020. The net proceeds will primarily repay existing debt under revolving credit facilities, allowing Golub to reborrow for general corporate purposes and investments.

Golub Capital BDC reported its financial results for Q3 ended June 30, 2020, revealing a net income of $142.1 million, or $0.93 per share, compared to a loss of $(1.66) per share in Q2. The net investment income per share fell slightly to $0.23 while adjusted net investment income per share decreased to $0.28. The company's net asset value per share declined to $14.05 from $14.62. Total assets increased to $4.39 billion, with a fair value investment portfolio of $4.25 billion. A quarterly distribution of $0.29 per share was declared, payable on September 29, 2020.