GOLUB CAPITAL BDC, Inc.

Golub Capital BDC, Inc. is an externally managed, closed-end business development company incorporated in Delaware and headquartered in New York. The firm operates as a non-diversified management investment company that extends debt and minority equity financing to middle-market enterprises, predominantly those backed by private equity sponsors. Its investment strategy focuses on first lien senior debt, unitranche facilities, second lien loans, subordinated and mezzanine debt, and equity warrants across a diversified portfolio of sectors.

The company targets middle-market companies across consumer services, automobiles, healthcare technology, insurance, healthcare equipment and supplies, hospitality, restaurants and leisure, healthcare providers, IT services, and specialty retail. Its investments are primarily denominated in U.S. dollars and concentrated in domestic opportunities. The firm generates revenue through interest income on debt investments, dividend income from equity stakes, and fees associated with portfolio management and advisory services typical of BDC structures.

As an externally managed investment vehicle, Golub Capital BDC does not maintain a traditional employee base. Instead, it relies on management and operational support from its external advisor. The company operates within the regulatory framework governing business development companies, which require it to return substantially all investment income to shareholders while maintaining portfolio diversification across its investee companies.