Welcome to our dedicated page for Golub Cap Bdc news (Ticker: GBDC), a resource for investors and traders seeking the latest updates and insights on Golub Cap Bdc stock.
Golub Capital BDC, Inc. reports recurring developments as an externally managed, non-diversified closed-end management investment company that has elected business development company status under the Investment Company Act of 1940. The company invests primarily in one stop and other senior secured loans to middle-market companies, including borrowers sponsored by private equity investors, and is managed by GC Advisors LLC.
News for GBDC commonly centers on quarterly financial results, earnings-call schedules, NAV per share, net investment income, portfolio fair value, realized and unrealized gains or losses, and board-declared distributions. Company updates also discuss supplemental dividend policy, share repurchase activity, and portfolio-company performance as reflected in the BDC's income and valuation results.
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.
Golub Capital BDC, Inc. (GBDC) reported preliminary financial estimates for the third fiscal quarter ending June 30, 2020, amidst COVID-19 challenges. The company estimates a net investment income per share between $0.22 and $0.24, with adjusted net income per share ranging from $0.27 to $0.29. Earnings per share are projected at $0.87 to $0.99, while net asset value per share is estimated to decline to $13.99 to $14.11. GBDC also reports liquidity exceeding $400 million and a debt-to-equity ratio between 0.85x and 0.88x, indicating stable financial health despite recent market volatility.
Golub Capital BDC, Inc. (NASDAQ: GBDC) announced that affiliates of Golub Capital LLC acquired over 5.6 million shares of GBDC common stock between April 1, 2020, and June 15, 2020. These purchases add to the more than 12.0 million shares previously held by these entities as of March 31, 2020. CEO David B. Golub stated that this significant ownership aligns the interests of Golub Capital with its investors, reinforcing the commitment to GBDC's long-term success.