Attached files
| file | filename |
|---|---|
| EX-10.1 - EXHIBIT 10.1 - Golub Capital BDC 3, Inc. | golubbdc3-smbccreditagreem.htm |
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of report (Date of earliest event reported): March 16, 2018
Golub Capital BDC 3, Inc.
(Exact name of Registrant as Specified in Its Charter)
MARYLAND | 814-01244 | 82-2375481 | ||||
(State or Other Jurisdiction of Incorporation) | (Commission File Number) | (IRS Employer Identification No.) | ||||
__ 666 Fifth Avenue, 18th Floor, New York, NY 10103_ _
(Address of Principal Executive Offices) (Zip Code)
Registrant’s telephone number, including area code: (212) 750-6060
____ ____
(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 (see General Instruction A.2. below):
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)) |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b- 2 of the Securities Exchange Act of 1934.
Emerging growth company þ
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. þ
Item 1.01. | Entry into a Material Definitive Agreement. |
On March 16, 2018, Golub Capital BDC 3, Inc. (the “Company”) entered into a revolving credit agreement (the "SMBC Revolver") with Sumitomo Mitsui Banking Corporation ("SMBC") as administrative agent, sole lead arranger and sole manager, which allows the Company to borrow up to $30 million at any one time outstanding, subject to leverage and borrowing base restrictions, with a stated maturity date of March 16, 2020.
The SMBC Revolver bears interest at a rate at the Company's election of either the one-month London Interbank Offered Rate plus 1.50% per annum or the prime rate, as calculated under the SMBC Revolver. The SMBC Revolver is secured by the unfunded commitments of certain stockholders of the Company. The Company has made customary representations and warranties and is required to comply with various covenants, reporting requirements and other customary requirements for similar credit facilities. Borrowings under the SMBC Revolver are subject to the leverage restrictions contained in the Investment Company Act of 1940, as amended.
The description above is only a summary of the material provisions of the SMBC Revolver and is qualified in its entirety by reference to a copy of the SMBC Revolver, which is filed as Exhibit 10.1 to this current report on Form 8-K.
Item 2.03. | Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant |
The information set forth in Item 1.01 is incorporated by reference into this Item 2.03.
Item 9.01. | Financial Statements and Exhibits. |
(d) Exhibit.
Revolving Credit Agreement, dated as of March 16, 2018, by and between Golub Capital BDC 3, Inc., as the borrower, and Sumitomo Mitsui Banking Corporation, as the administrative agent, sole lead arranger and sole manager | |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, Golub Capital BDC 3, Inc. has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Golub Capital BDC 3, Inc. | ||
Date: March 20, 2018 | By: /s/ Ross A. Teune | |
Name: Ross A. Teune | ||
Title: Chief Financial Officer | ||