BDC Quick Recap: Golub Capital (GBDC)
BDC Quick Recap: Golub Capital (GBDC) as of December 31st, 2022
Golub Capital (GBDC) filed its earnings yesterday and data was available in SOLVE’s BDC workstation within minutes. Here is a quick recap of the credit stats for Golub Capital (GBDC) for the three-month period ended Dec. 31st, 2022.
Portfolio Stats
| FMV | $5.5B |
| # of Investments | 1,549 |
| Total unused commitments to extend financing | $200.2M |
| Portfolio Companies | 332 |
| Portfolio Composition | |
|---|---|
| First Lien | 9.3% |
| Second Lien | 0.5% |
| Equity, Unitranche and Other | 90.2% |
Source: SOLVE Fixed Income, Golub Capital (GBDC)
New Investments Stats
| New Volume | $247.0M |
| Exits and Sales | $253.8M |
Source: SOLVE Fixed Income, Golub Capital (GBDC)
Portfolio Credit Quality
| Non-Accruals Cost | $145.6M |
| # of Non-Accruals | 31 |
| # of Portfolio at Cost | 2.6% |
| New Non-Accruals | Eyecare Services Partners Holdings, Abita Brewing |
Source: SOLVE Fixed Income, Golub Capital (GBDC)
Select New Originations
| Company | Investment Type | Industry | Cost | Maturity | Coupon |
|---|---|---|---|---|---|
| Celerion Buyer Inc | One stop | Life Sciences Tools & Services | $21.0M | 11/8/2029 | S+650 |
| SureWerx Purchaser III Inc | One stop | Specialty Retail | $20.2M | 12/8/2029 | S+675 |
| Zendesk Inc | One stop | Software | $19.6M | 11/8/2028 | S+650 |
| Avalara Inc | One stop | Diversified Financial Services | $11.7M | 10/8/2028 | S+725 |
Source: SOLVE Fixed Income, Golub Capital (GBDC)
Exits & Sales
| Company | Investment Type | Industry | Net Proceeds | Maturity | Coupon |
|---|---|---|---|---|---|
| Electrical Source Holdings LLC | One stop | Electronic Equipment, Instruments & Components | $75.7M | 11/22/2025 | L+500 |
| Jet Equipment & Tools Ltd | One stop | Specialty Retail | $17.8M | 11/22/2024 | C+575 |
| Wetzel’s Pretzels LLC | One stop | Food & Staples Retailing | $14.7M | 9/22/2023 | L+650 |
Source: SOLVE Fixed Income, Golub Capital (GBDC)
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SOLVE is the leading market data platform provider for fixed-income securities, trusted by sophisticated buy-side and sell-side firms worldwide. Founded in 2011, SOLVE leverages its AI-driven technology and deep industry expertise to offer unparalleled transparency into markets, reduce risk, and save hundreds of hours across front-office workflows. With the largest real-time datasets for Securitized Products, Municipal Bonds, Corporate Bonds, Syndicated Bank Loans, Convertible Bonds, CDS, and Private Credit, SOLVE empowers clients to transform the way they bring new securities to market, trade on secondary markets, and value highly illiquid securities. Headquartered in Connecticut, with offices across the globe, SOLVE is the definitive source for market pricing in fixed-income markets.
