GOLUB CAPITAL BDC, Inc. (NASDAQ: GBDC)

GOLUB CAPITAL BDC, Inc. is an externally managed closed end non diversified management investment company that has elected to be regulated as a business development company under the Investment Company Act of 1940 and to be treated as a regulated investment company for U. S. federal income tax purposes. The company primarily invests in one stop loans and other senior secured loans of U. S. middle market companies, as well as second lien loans, subordinated loans, warrants and minority equity securities. It seeks to generate current income and capital appreciation by focusing on businesses sponsored by private equity firms.

Revenue is generated mainly from interest income on its loan portfolio, dividend income from equity holdings, and various fees such as origination, structuring and managerial assistance fees. The company also realizes capital gains when it sells equity investments or when loan investments appreciate in value. These income streams are distributed to shareholders in accordance with its regulated investment company requirements.

GOLUB CAPITAL BDC, Inc. leverages the extensive deal flow and credit expertise of its affiliate Golub Capital, which is a leading middle market lender with over $85 billion of capital under management. Its competitive advantages include a disciplined underwriting process, a rigorous credit monitoring system, and long standing relationships with private equity sponsors. The company competes with public and private funds, other business development companies, commercial banks and hedge funds for middle market financing opportunities.

The company serves a customer base consisting of U. S. middle market companies, most of which are backed by private equity sponsors, as well as independently owned and publicly held middle market businesses. Representative portfolio investments include GS Acquisitionco, Inc., Bayshore Intermediate #2, L. P., TWAS Holdings, LLC, Chestnut Optical Midco, Inc., Liminex, Inc., PHM NL SP Bidco B. V., Blue River Pet Care, LLC, Riskonnect Parent, LLC, Revalize, Inc. and Amalthea Parent, Inc.