SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report: January 14, 2013
(Date of earliest event reported)
Golub Capital BDC, Inc.
(Exact name of registrant as specified in its charter)
(Registrant's telephone number, including area code)
(Former Name or Former Address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 2.02. Results of Operations and Financial Condition
Net investment income is estimated to have totaled between $0.33 and $0.35 per share for the three months ended December 31, 2012. Net income is estimated to have totaled between $0.32 and $0.34 per share for the three months ended December 31, 2012.
Net asset value as of December 31, 2012 is estimated to be between $14.64 and $14.67 per share.
We originated $258.7 million in new middle market investment commitments during the three months ended December 31, 2012. Approximately 15.0% of the new investment commitments were second lien loans, 52.4% were one stop loans, 31.2% were senior secured loans and 1.4% were equity securities. Of the new investment commitments, $221.6 million funded at close. Overall, total investments in portfolio companies at fair value increased by approximately $95.4 million during the three months ended December 31, 2012 after factoring in debt repayments and sales of securities. Our net borrowings for the three months ended December 31, 2012 increased by $48.2 million, and we had total asset sales of $14.0 million for a gain of $0.1 million during the same period.
We intend to announce final results of operations for the three months ended December 31, 2012 on February 7, 2013 before the open of the financial markets. We will host an earnings conference call on Thursday, February 7, 2013 to discuss the quarterly financial results.
The preliminary financial data included herein have been prepared by, and is the responsibility of, management. McGladrey LLP, our independent registered public accounting firm, has not audited, reviewed, compiled or performed any procedures with respect to these preliminary estimates. Accordingly, McGladrey LLP does not express an opinion or any other form of assurance with respect thereto.
Item 7.01. Regulation FD Disclosure
Item 9.01. Financial Statements and Exhibits
(a) Financial statements:
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.