Item 1.01 - Entry into a Material Definitive Agreement.
On October 14, 2021, Golub Capital BDC, Inc. (the "Company") entered into an
agreement with Signature Bank, Wells Fargo Bank, National Association and
Regions Bank (the "Commitment Increase Agreement"), pursuant to which, through
the accordion feature in the Company's senior secured revolving credit agreement
among the Company, as borrower, the lenders party thereto, and JPMorgan Chase
Bank, N.A., as administrative agent (as amended and supplemented, the "Revolving
Credit Facility"), the aggregate commitments under the Revolving Credit Facility
increased from $475.0 million to $687.5 million. The accordion feature in the
Revolving Credit Facility allows the Company, under certain circumstances, to
increase the total size of the facility to a maximum of $712.5 million.
The foregoing descriptions are only a summary of the material provisions of the
Commitment Increase Agreement and are qualified in their entirety by reference
to a copy of the Commitment Increase Agreement, which is filed as Exhibit 10.1
to this Current Report on Form 8-K and incorporated by reference herein.
Item 2.03 - Creation of a Direct Financial Obligation or an Obligation
under an Off-Balance Sheet Arrangement of a Registrant.
The information set forth under Item 1.01 above is incorporated by reference
into this Item 2.03.
Item 9.01 - Financial Statements and Exhibits.
Exhibit Number Description
10.1 Commitment Increase Agreement, dated as of October 14, 2021, by
Signature Bank, as Increasing Lender, Wells Fargo Bank, National
Association and Regions Bank, each as an Assuming Lender, in favor
of the Company, as borrower, and JPMorgan Chase Bank, N.A., as
administrative agent under the Revolving Credit Facility.
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