Golub Capital Direct Lending bumps PNC revolver up to $105 million

Chicago, Nov. 8 – Golub Capital Direct Lending Corp. announced a $25 million increase in its revolving credit and security agreement with PNC Bank, NA as administrative agent and PNC Capital Markets LLC as structuring agent, according to an 8-K filing with the Securities and Exchange Commission.

The second amendment, which brought the facility up to $105 million, was effected as of Nov. 2.

Interest will now be at SOFR plus 180 basis points to 230 bps, depending on the degree of uncalled capital commitments coverage of the PNC Facility’s borrowing base versus the assets of GDLC Funding LLC securing the facility.

Golub Capital Direct Lending is a direct lending fund managed by New York-based asset manager Golub Capital.

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