Golub Capital BDC 3 amends revolver for SOFR pricing option

Chicago, March 9 – Golub Capital BDC 3 Inc., with subsidiary GBDC 3 Funding II LLC, said it amended its revolver on March 3 with Signature Bank as administrative agent and lender, according to an 8-K filing with the Securities and Exchange Commission.

The commitment was lowered to $180 million from $275 million.

The amendment amends the pricing to SOFR plus a 10 basis points spread adjustment plus 170 bps.

There is an annualized fee payable on the closing date equal to 25 bps of the commitments, prorated for the duration.

The maturity date has been pushed to Feb. 4, 2023 from March 4, 2022.

Golub is an externally managed, non-diversified closed-end management investment company based in New York.

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