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| GBDC > SEC Filings for GBDC > Form 8-K on 14-Jan-2013 | All Recent SEC Filings |
14-Jan-2013
Results of Operations and Financial Condition, Regulation FD Disclosure,
Set forth below are certain preliminary estimates of our financial condition and results of operations for the three months ended December 31, 2012. These estimates are subject to the completion of our financial closing procedures and are not a comprehensive statement of our financial results for the three months ended December 31, 2012. We advise you that our actual results may differ materially from these estimates as a result of the completion of our financial closing procedures, final adjustments and other developments arising between now and the time that our financial results for the three months ended December 31, 2012 are finalized.
Net investment income is estimated to have totaled between $0.33 and $0.35 per share for the three months ended December 31, 2012. Net income is estimated to have totaled between $0.32 and $0.34 per share for the three months ended December 31, 2012.
Net asset value as of December 31, 2012 is estimated to be between $14.64 and $14.67 per share.
We originated $258.7 million in new middle market investment commitments during the three months ended December 31, 2012. Approximately 15.0% of the new investment commitments were second lien loans, 52.4% were one stop loans, 31.2% were senior secured loans and 1.4% were equity securities. Of the new investment commitments, $221.6 million funded at close. Overall, total investments in portfolio companies at fair value increased by approximately $95.4 million during the three months ended December 31, 2012 after factoring in debt repayments and sales of securities. Our net borrowings for the three months ended December 31, 2012 increased by $48.2 million, and we had total asset sales of $14.0 million for a gain of $0.1 million during the same period.
We intend to announce final results of operations for the three months ended December 31, 2012 on February 7, 2013 before the open of the financial markets. We will host an earnings conference call on Thursday, February 7, 2013 to discuss the quarterly financial results.
The preliminary financial data included herein have been prepared by, and is the responsibility of, management. McGladrey LLP, our independent registered public accounting firm, has not audited, reviewed, compiled or performed any procedures with respect to these preliminary estimates. Accordingly, McGladrey LLP does not express an opinion or any other form of assurance with respect thereto.
On January 14, 2013, we issued a press release announcing our plans for a public offering. A copy of the press release is furnished as Exhibit 99.1 to this report pursuant to Item 7.01 and Regulation FD.
The information in this report on Form 8-K, including Exhibit 99.1 furnished
herewith, is being furnished and shall not be deemed "filed" for purposes of
Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange
Act"), or otherwise subject to the liabilities of such section. The information
in this report on Form 8-K shall not be incorporated by reference into any
registration statement or other document pursuant to the Securities Act of 1933,
as amended, or the Exchange Act, except as shall be expressly set forth by
specific reference in such filing.
(a) Financial statements:
None
(b) Pro forma financial information:
None
(c) Shell company transactions:
None
(d) Exhibits
99.1 Press Release of Golub Capital BDC, Inc. dated January 14, 2013
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