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| GBDC > SEC Filings for GBDC > Form 8-K on 19-Feb-2013 | All Recent SEC Filings |
19-Feb-2013
Entry into a Material Definitive Agreement, Financial Statements and Exhi
On February 15, 2013, Golub Capital BDC 2010-1 LLC (the "Issuer"), an indirect subsidiary of Golub Capital BDC, Inc. (the "Company"), entered into certain amendments (the "Supplemental Notes Transaction") to the Company's debt securitization (the "Debt Securitization") and the notes (the "Notes") offered in the Debt Securitization.
The Supplemental Notes Transaction amended the Debt Securitization and amended and restated the issued Notes to allow the Issuer to (i) issue an additional US $50,000,000 in Notes (increasing the Class A Notes by $29,000,000, increasing the Class B Notes by $2,000,000 and increasing the Subordinated Notes by $19,000,000), (ii) extend the reinvestment period applicable to the Issuer by two years to July 20, 2015, (iii) extend the stated maturity date of the Notes by two years to July 20, 2023 and (iv) re-price the Class A Notes to bear interest at the London Interbank Offered Rate, or LIBOR, plus 1.74%. The additional Class A Notes of the Issuer were sold through a private placement and the additional Class B Notes and additional Subordinated Notes were retained by Golub Capital BDC 2010-1 Holdings LLC, a direct subsidiary of the Company and the sole owner of the equity of the Issuer.
As previously disclosed, the Notes offered in the Debt Securitization are issued by and are secured obligations of the Issuer. The pool of loans in the Debt Securitization must meet certain requirements, including asset mix and concentration, collateral coverage, term, agency rating, minimum coupon, minimum spread and sector diversity requirements.
(d) Exhibits.
10.1 Supplemental Indenture No. 1, dated as of February 15, 2013, by and between Golub Capital BDC 2010-1 LLC and U.S. Bank National Association, as trustee
99.1 Press release of Golub Capital BDC, Inc., dated as of February 19, 2013
Item 9.01. Financial Statements and Exhibits
(a) Financial statements:
None
(b) Pro forma financial information:
None
(c) Shell company transactions:
None
(d) Exhibits
10.1 Supplemental Indenture No. 1, dated as of February 15, 2013, by and between Golub Capital BDC 2010-1 LLC and U.S. Bank National Association, as trustee
99.1 Press release of Golub Capital BDC, Inc., dated as of February 19, 2013
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