Golub Capital BDC, Inc. GBDC

Company Overview

Golub Capital BDC, Inc. (NASDAQ: GBDC) is a publicly traded business development company (BDC) that primarily provides debt financing to U.S. middle-market companies. The company operates within the specialty finance and asset management industries and is externally managed by GC Advisors LLC, an affiliate of Golub Capital, a private credit investment firm. GBDC’s investment strategy focuses largely on senior secured loans, particularly one-stop and unitranche structures, with the objective of generating current income and capital appreciation while preserving capital through disciplined underwriting.

The company’s primary revenue drivers are interest income from investments in privately originated loans, including first lien senior secured debt, second lien debt, subordinated debt, and selective equity co-investments. GBDC principally serves sponsor-backed middle-market companies across diversified industries such as software, healthcare, business services, financial services, and industrials. A distinguishing feature of the company is its long-standing focus on directly originated private credit transactions supported by Golub Capital’s sponsor relationships and credit underwriting platform. GBDC was formed in 2009 and completed its initial public offering in 2010, evolving alongside the broader expansion of the U.S. private credit market.