Golub Capital BDC Expands Borrowing Capacity and Updates Rates

An announcement from Golub Capital Bdc (GBDC) is now available.

Golub Capital BDC, Inc. updated its financial agreements, enhancing its borrowing capabilities and adjusting interest rates. An amendment with JPMorgan Chase Bank transitioned Canadian Dollar borrowings to reference the Canadian Overnight Repo Rate Average. Separately, the company’s borrowing capacity with its investment adviser, GC Advisors LLC, doubled from $100 million to $200 million. Additionally, a previous agreement providing the same borrowing capacity was terminated following a merger. These strategic financial moves are designed to strengthen Golub Capital’s fiscal flexibility.

For an in-depth examination of GBDC stock, go to TipRanks’ Stock Analysis page.