Golub Capital closes US$475.0M revolving credit facility | FI SENSE


Golub Capital announced the closing of a new senior secured syndicated revolving credit facility. The Facility is led by JPMorgan Chase Bank, N.A. and includes a total of six bank participants.

The Facility closed on February 11, 2021. Under the Facility, the lenders have agreed to extend credit to us in an initial aggregate amount of up to $475.0 million in U.S. dollars and certain agreed upon foreign currencies with an option to request, at one or more times, that existing and/or new lenders, at their election, provide up to $237.5 million of additional commitments. The Facility will mature on February 11, 2026. The interest rate on the borrowings under the Facility ranges from one-month LIBOR plus 1.75% to one-month LIBOR plus 1.875%. The Facility includes usual and customary representation and warranties, covenants, and events of default for senior secured facilities of this nature.

“We continue to execute on our strategy of increasing the flexibility of our strong balance sheet and add to our diversified sources of liquidity, building on our successful inaugural offering of unsecured notes in October 2020,” said David B. Golub, Chief Executive Officer of GBDC. “We believe the pricing and terms of this new credit facility are attractive. We appreciate the continued support of our lending partners, and we are pleased to welcome several new lenders to the syndicate.”

Golub Capital is a market-leading, award-winning direct lender and credit asset manager, with over $35 billion of capital under management. Golub Capital specializes in delivering reliable, creative and compelling financing solutions to middle market companies backed by private equity sponsors.

The firm’s credit expertise also forms the foundation of its Late Stage Lending business and its Broadly Syndicated Loan investment program. Across its activities, Golub Capital nurtures long-term, win-win partnerships that inspire repeat business from its private equity sponsor clients and investors. Founded over 25 years ago, Golub Capital today has over 500 employees and lending offices in Chicago, New York, San Francisco and London.



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