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Golub Capital BDC, Inc. has submitted its 10-K filing for the fiscal year ended September 30, 2024.
The filing includes financial statements and details on the company's investments, showing a portfolio primarily consisting of senior secured and one-stop loans to U.S. middle-market companies.
Golub Capital BDC reported total assets of $8.7 billion and net assets of $4.0 billion as of September 30, 2024, with outstanding borrowings of $4.6 billion.
The company operates as a business development company under the Investment Company Act of 1940 and has elected to be treated as a regulated investment company for tax purposes.
Golub Capital BDC's investment strategy focuses on generating current income and capital appreciation by investing in senior secured loans and other debt instruments.
The company is managed by GC Advisors LLC, which is responsible for sourcing and managing its investment portfolio.
Golub Capital BDC's portfolio includes investments in various industries, with a significant portion in software, healthcare providers, and specialty retail.
The company faces risks related to interest rate changes, market competition, and economic downturns, which could impact its portfolio companies' ability to repay loans.
Golub Capital BDC has a dividend reinvestment plan and declared distributions totaling $1.89 per share for the fiscal year 2024.
The company is subject to regulatory requirements as a business development company, including maintaining a certain percentage of qualifying assets and adhering to leverage restrictions.
Golub Capital BDC's management and incentive fee structure, as well as its use of leverage, are outlined in the filing, with management fees based on average adjusted gross assets.
This content was summarized by generative artificial intelligence using public filings retrieved from SEC.gov. The original data was derived from the Golub Capital BDC Inc. annual 10-K report dated November 19, 2024. To report an error, please email earnings@qz.com.