Form 4: Golub Capital BDC Chairman Lawrence E. Golub Reports Acquisition of Shares Following Merger

Lawrence E. Golub, Chairman of Golub Capital BDC, reports acquiring shares of common stock following the merger with Golub Capital BDC 3, Inc.

Summary

• Lawrence E. Golub, Chairman of Golub Capital BDC, Inc. (GBDC), filed a Form 4 disclosing changes in beneficial ownership.
• The report details the acquisition of GBDC common stock as a result of the merger with Golub Capital BDC 3, Inc. (GBDC 3), which was completed on June 3, 2024.
• Mr. Golub acquired 1,780,496 shares of GBDC common stock in exchange for 1,948,452 shares of GBDC 3 common stock.
• He also acquired 1,676,387 shares of GBDC common stock in exchange for 1,834,523 shares of GBDC 3 common stock.
• Following these transactions, Mr. Golub indirectly owns shares through various entities including GCOP LLC (3,477,233 shares), GEMS Fund 4, L.P. (1,676,387 shares), GGP Class B-P LLC (1,206,613 shares), Whitehall Capital Investors, VI, LLC (704,695 shares), and Golub Onshore GP, LLC (14,977 shares).

Sentiment

Score: 7

Explanation: The document is a routine filing related to a merger, indicating a planned corporate action. The sentiment is neutral to slightly positive as mergers are often viewed as a growth strategy.

Positives

• The merger between Golub Capital BDC and Golub Capital BDC 3, Inc. has been completed.

Industry Context

Mergers and acquisitions are common in the BDC sector as companies seek to grow their asset base and improve operating efficiency. This merger likely aims to achieve similar benefits for Golub Capital BDC.

Stakeholder Impact

• Shareholders of both Golub Capital BDC and Golub Capital BDC 3, Inc. are impacted by the merger, with GBDC shareholders seeing a change in the number of outstanding shares.
• The merger could potentially impact employees through synergies and restructuring, although no specific details are provided in this document.

Key Dates