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Golub Capital BDC (NASDAQ: GBDC) extends JPMorgan-led revolving credit facility

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Golub Capital BDC, Inc. entered into a Fourth Amended and Restated Senior Secured Revolving Credit Agreement with JPMorgan Chase Bank and other lenders. The revised facility extends the revolving period from April 4, 2029 to July 2, 2030, other than a non-extending lender with a $200,000,000 position, and pushes the final maturity from April 4, 2030 to July 2, 2031 for participating lenders. The amendment also removes a 10-basis-point Term SOFR adjustment, while other material terms remain unchanged.

Positive

  • None.

Negative

  • None.

Insights

GBDC lengthens its JPMorgan-led credit facility and trims pricing.

Golub Capital BDC, Inc. has amended its senior secured revolving credit facility with JPMorgan and a bank syndicate. The key changes are a longer revolving period to July 2, 2030 and extended final maturity to July 2, 2031 for participating lenders.

The filing notes a non-extending lender with a $200,000,000 commitment that does not adopt the longer dates, which slightly limits how much of the line benefits from the extension. The amendment also removes a 10-basis-point Term SOFR adjustment, modestly affecting the interest calculation.

Because all other material terms remain unchanged, this looks like a largely administrative update to funding tenor and pricing rather than a structural overhaul. Future periodic reports may give more color on total capacity utilisation and how this facility fits into the broader funding mix.

Item 1.01 Entry into a Material Definitive Agreement Business
The company signed a significant contract such as a merger agreement, credit facility, or major partnership.
Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement Financial
The company incurred a new significant debt or off-balance-sheet obligation.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Revolving period new end date July 2, 2030 Revolving period extended from April 4, 2029
Maturity date new end date July 2, 2031 Maturity extended from April 4, 2030
Non-extending lender commitment $200,000,000 Portion of facility not adopting longer dates
Term SOFR adjustment removed 10 basis points Eliminated from benchmark rate calculation
Fourth Amended and Restated Senior Secured Revolving Credit Agreement financial
"entered into a Fourth Amended and Restated Senior Secured Revolving Credit Agreement to amend and restate"
A&R JPM Credit Facility financial
"as amended, supplemented and restated, the “A&R JPM Credit Facility”"
Term SOFR Adjustment financial
"removes the Term SOFR Adjustment of 10 basis points"
material definitive agreement regulatory
"Item 1.01 - Entry into a Material Definitive Agreement"
A material definitive agreement is a legally binding contract that creates major, long‑term obligations or rights for a company, such as loans, asset sales, mergers, or supplier deals. Think of it like a mortgage or lease for a business: it can change future cash flow, risk and control, so investors watch these agreements closely because they can materially affect a company’s value, financial health and stock price.
Creation of a Direct Financial Obligation regulatory
"Item 2.03 - Creation of a Direct Financial Obligation or an Obligation"
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FAQ

What credit agreement did Golub Capital BDC (GBDC) amend on July 2, 2026?

Golub Capital BDC amended its senior secured revolving credit facility with JPMorgan and other lenders. The Fourth Amended and Restated Senior Secured Revolving Credit Agreement replaces a prior 2025 version and keeps core terms while updating dates and a pricing adjustment.

How did the Golub Capital BDC (GBDC) revolving period change in the new agreement?

The revolving period was extended from April 4, 2029 to July 2, 2030 for participating lenders. One non-extending lender with a $200,000,000 commitment keeps the prior date, so only part of the facility benefits from the longer draw period.

What is the new maturity date under Golub Capital BDC’s updated JPMorgan facility?

The maturity date moved from April 4, 2030 to July 2, 2031 for lenders that agreed to the amendment. The filing states this change does not apply to the non-extending lender, whose portion of the facility keeps its original maturity date.

What pricing term changed in Golub Capital BDC’s A&R JPM Credit Facility?

The amended facility removes a 10 basis point Term SOFR adjustment from the interest calculation. This means the benchmark component of the borrowing rate no longer has that extra 0.10% spread added, while other material terms remain the same.

Did Golub Capital BDC (GBDC) change other material terms of its credit facility?

The filing states that other material terms of the A&R JPM Credit Facility were unchanged. Only the revolving period, final maturity dates for extending lenders, and removal of the 10 basis point Term SOFR adjustment are highlighted as revisions.
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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

FORM 8-K

 

 

CURRENT REPORT 

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported): July 2, 2026

 

 

Golub Capital BDC, Inc.

(Exact name of registrant as specified in its charter)

 

 

Delaware   814-00794   27-2326940

(State or Other Jurisdiction

of Incorporation)

 

(Commission

File Number)

 

(I.R.S. Employer

Identification No.)

 

200 Park Avenue, 25th Floor,New York, New York 10166
(Address of Principal Executive Offices) (Zip Code)

 

Registrant’s telephone number, including area code: (212) 750-6060

 

Not Applicable

(Former name or address, if changed since last report)

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class   Trading
Symbol (s)
  Name of each exchange
on which registered
 
Common Stock, par value $0.001 per share   GBDC   The Nasdaq Global Select Market

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b–2 of the Securities Exchange Act of 1934.

 

¨ Emerging growth company

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

 

 

 

 

 

 

Item 1.01 - Entry into a Material Definitive Agreement.

 

On July 2, 2026, Golub Capital BDC, Inc. (the “Company”) entered into a Fourth Amended and Restated Senior Secured Revolving Credit Agreement to amend and restate that certain Third Amended and Restated Senior Secured Revolving Credit Agreement, dated as of April 4, 2025, by and among the Company, as borrower, JPMorgan Chase Bank, N.A., as administrative agent and as collateral agent, and the lenders, syndication agents, joint bookrunners, and joint lead arrangers party thereto (as amended, supplemented and restated, the “A&R JPM Credit Facility”; all capitalized terms used herein but not defined herein shall take their respective meanings from the A&R JPM Credit Facility). The A&R JPM Credit Facility, among other things, (i) extends the revolving period from April 4, 2029 to July 2, 2030, (other than with respect to the non-extending lender in the amount of $200,000,000), (ii) extends the maturity date from April 4, 2030 to July 2, 2031 (other than with respect to the non-extending lender), and (iii) removes the Term SOFR Adjustment of 10 basis points. The other material terms of the A&R JPM Credit Facility were unchanged.

 

The foregoing description is only a summary of the material provisions of the A&R JPM Credit Facility and is qualified in its entirety by reference to a copy of the A&R JPM Credit Facility, which is filed as Exhibit 10.1 to this Current Report on Form 8-K and incorporated by reference herein.

 

Item 2.03 - Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of Registrant.

 

The information set forth under Item 1.01 of this current report on Form 8-K is incorporated by reference in this Item 2.03.

 

Item 9.01 - Financial Statements and Exhibits.

 

(d) Exhibits:

 

Exhibit Number   Description
10.1*   Fourth Amended and Restated Senior Secured Revolving Credit Agreement, dated as of July 2, 2026, by and among Golub Capital BDC, Inc., as borrower, JPMorgan Chase Bank, N.A., as administrative agent, and the lenders, syndication agents, joint bookrunners, and joint lead arrangers party thereto.
     
104   Cover Page Interactive Data File (embedded within the Inline XBRL document).

 

*Exhibits and/or schedules to this Exhibit have been omitted in accordance with Item 601 of Regulation S-K. The registrant agrees to furnish supplementally a copy of all omitted exhibits and/or schedules to the SEC upon its request.

 

 

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

  Golub Capital BDC, Inc.
     
Date: July 9, 2026 By: /s/ Christopher C. Ericson
    Name: Christopher C. Ericson
    Title: Chief Financial Officer

 

 

 

Filing Exhibits & Attachments

4 documents