BDC Quick Recap: Golub Capital BDC 3
BDC Quick Recap: Golub Capital BDC 3 as of December 31st, 2022
Golub Capital BDC 3 filed its earnings Friday and data was available in SOLVE’s BDC workstation within minutes. Here is a quick recap of the credit stats for Golub Capital BDC 3 for the three-month period ended Dec. 31st, 2022.
Portfolio Stats
| FMV | $2.4B |
| # of Investments | 1,302 |
| Total unused commitments to extend financing | $239.5M |
| Portfolio Companies | 276 |
| Portfolio Composition | |
|---|---|
| First Lien | 9.6% |
| Second Lien | 0.4% |
| Equity and Other | 90.0% |
Source: SOLVE Fixed Income, Golub Capital BDC 3
New Investments Stats
| New Volume | $104.7M |
| Exits and Sales | $80.5M |
Source: SOLVE Fixed Income, Golub Capital BDC 3
Portfolio Credit Quality
| Non-Accruals Cost | $8.0M |
| # of Non-Accruals | 7 |
| # of Portfolio at Cost | 0.3% |
| New Non-Accruals | Eyecare Services Partners Holdings LLC |
Source: SOLVE Fixed Income, Golub Capital BDC 3
Select New Originations
| Company | Investment Type | Industry | Cost | Maturity | Coupon |
|---|---|---|---|---|---|
| CST Holding Company | One stop | Electronic Equipment, Instruments and Components | $9.7M | 11/10/2028 | S+675 |
| Celerion Buyer Inc | One stop | Life Sciences Tools & Services | $8.4M | 11/10/2029 | S+650 |
| SureWerx Purchaser III Inc | One stop | Specialty Retail | $8.0M | 12/10/2029 | S+675 |
| Zendesk Inc | One stop | Software | $7.8M | 11/10/2028 | S+650 |
Source: SOLVE Fixed Income, Golub Capital BDC 3
Exits & Sales
| Company | Investment Type | Industry | Net Proceeds | Maturity | Coupon |
|---|---|---|---|---|---|
| Electrical Source Holdings LLC | Senior loan | Electronic Equipment, Instruments and Components | $15.4M | 11/2/2025 | L+500 |
| Jet Equipment & Tools Ltd | One stop | Specialty Retail | $4.1M | 11/2/2024 | C+575 |
Source: SOLVE Fixed Income, Golub Capital BDC 3
Interested in learning more about SOLVE’s BDC data? Email sales@solvefixedincome.com, or Request a Trial to learn more.
Related Resources
About SOLVE
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.
