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Golub Capital BDC 4 increases revolver to $400 million, adjusts margin
By Wendy Van Sickle
Columbus, Ohio, Feb. 8 – Golub Capital BDC 4, Inc. and Golub Capital BDC 4 Funding LLC amended their credit facility on Feb. 5 with PNC Bank, NA as administrative agent to increase the borrowing capacity by $100 million to $400 million, according to an 8-K filing with the Securities and Exchange Commission.
Additionally, the margin was updated such that the facility will now bear interest at term SOFR plus a margin ranging from 215 basis points to 245 bps, depending on the degree of uncalled capital commitments coverage of the facility’s borrowing base versus the assets securing the facility.
Golub Capital BDC 4 paid a fee based on the increase in the commitments.
The credit facility is originally dated July 8, 2022.
Golub is an externally managed, non-diversified closed-end management investment company based in New York.
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