Golub Capital BDC 4 obtains $80 million three-year revolver

By Wendy Van Sickle

Columbus, Ohio, July 13 – Golub Capital BDC 4, Inc., with subsidiary GBDC 4 Funding II LLC, entered into a credit agreement providing for an $80 million revolver on July 8 with PNC Bank, NA as administrative agent and lender, according to an 8-K filing with the Securities and Exchange Commission.

The stated maturity date is July 8, 2025. There are two 364-day extension options.

Borrowings will bear interest at term SOFR plus a margin ranging from 175 basis points to 225 bps, depending on the degree of uncalled capital commitments coverage of the facility’s borrowing base versus the assets of GBDC 4 Funding securing the facility.

A commitment of 20 bps to 30 bps per annum will be based on the average unused portions of available borrowings.

Golub is an externally managed, non-diversified closed-end management investment company based in New York.

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