Golub Capital BDC Inc
Inside Golub Capital BDC Inc’s $8.5B private-credit portfolio — 1,790 portfolio holdings disclosed in SEC filings.
Filing Information
Portfolio Composition
Portfolio-wide breakdown by fair value across this BDC’s full Schedule of Investments. Source: SEC EDGAR (public).
Top Portfolio Holdings
| Company | Sector | Investment | Coupon | Maturity | Cost | Fair Value |
|---|---|---|---|---|---|---|
| Bayshore Intermediate #2, L.P. | One Stop Senior Secured | SOFR + 5.50% (PIK 3.00%) | $126,021,000 | $122,918,000 | ||
| GS Acquisitionco, Inc. | One Stop Senior Secured | SOFR + 5.25% | $121,028,000 | $117,794,000 | ||
| TWAS Holdings, LLC | One Stop Senior Secured | SOFR + 4.75% | $110,438,000 | $111,543,000 | ||
| Chestnut Optical Midco, Inc. | — | $106,538,000 | ||||
| Amalthea Parent, Inc. | One Stop Senior Secured | SOFR + 5.00% | $84,594,000 | $85,422,000 | ||
| Pareto Health Intermediate Holdings, Inc. | One Stop Senior Secured | SOFR + 5.00% | $84,900,000 | $84,603,000 | ||
| Bullhorn, Inc. | One Stop Senior Secured | SOFR + 5.00% | $77,970,000 | $76,047,000 | ||
| Transaction Data Systems, Inc. | One Stop Senior Secured | SOFR + 4.75% | $73,684,000 | $73,991,000 | ||
| Patriot Growth Insurance Services, LLC | One Stop Senior Secured | SOFR + 5.00% | $71,070,000 | $71,535,000 | ||
| GTIV, LLC | One Stop Senior Secured | SOFR + 4.75% | $71,837,000 | $70,856,000 | ||
| BJH Holdings III Corp. | One Stop Senior Secured | SOFR + 5.00% | $69,022,000 | $69,210,000 | ||
| Sonatype, Inc. | One Stop Senior Secured | SOFR + 4.75% | $69,526,000 | $68,069,000 | ||
| Blue River Pet Care, LLC | One Stop Senior Secured | SOFR + 5.00% | $58,325,000 | $58,223,000 | ||
| PAS Parent Inc. | One Stop Senior Secured | SOFR + 4.50% | $57,696,000 | $58,119,000 | ||
| Anaplan, Inc. | One Stop Senior Secured | SOFR + 4.50% | $58,171,000 | $56,288,000 | ||
| Appfire Technologies, LLC | One Stop Senior Secured | SOFR + 4.75% | $57,091,000 | $55,431,000 | ||
| Creek Parent, Inc. | One Stop Senior Secured | SOFR + 5.00% | $55,456,000 | $55,388,000 | ||
| GS Acquisitionco, Inc. | Preferred Equity | (PIK 11.00%) | $53,678,000 | $55,377,000 | ||
| GHX Ultimate Parent Corporation | One Stop Senior Secured | SOFR + 5.00% (PIK 2.50%) | $53,244,000 | $53,277,000 | ||
| LogicMonitor, Inc. | One Stop Senior Secured | SOFR + 5.50% | $53,810,000 | $53,271,000 | ||
| PHM NL SP Bidco B.V. | One Stop Senior Secured | SOFR + 6.75% (PIK 4.25%) | $54,461,000 | $53,248,000 | ||
| Netsmart Technologies, Inc. | One Stop Senior Secured | SOFR + 5.20% (PIK 2.70%) | $53,403,000 | $52,476,000 | ||
| Dwyer Instruments, Inc. | One Stop Senior Secured | SOFR + 5.00% | $47,033,000 | $51,896,000 | ||
| Sapphire Bidco Oy | One Stop Senior Secured | SOFR + 4.75% | $47,197,000 | $51,504,000 | ||
| BestPass, Inc. | One Stop Senior Secured | SOFR + 5.00% | $51,874,000 | $51,032,000 |
Loan-Pricing Trend
Fair-value-weighted average credit spread and average mark across this BDC’s Schedule-of-Investments debt holdings, by filing quarter. Spread and mark are shown in the units reported in the filing. Source: SEC EDGAR (public).
| Quarter | Priced Loans | Wtd-Avg Spread | Avg Mark | Debt Fair Value |
|---|---|---|---|---|
| 2022-06-30 | 2 | 5.50 | — | $51K |
| 2023-06-30 | 295 | 6.09 | 94.2 | $513M |
| 2023-09-30 | 304 | 6.13 | 94.1 | $486M |
| 2023-12-31 | 319 | 6.27 | 93.0 | $408M |
| 2024-03-31 | 326 | 6.18 | 94.6 | $428M |
| 2024-06-30 | 342 | 6.37 | 94.2 | $666M |
| 2024-09-30 | 343 | 6.36 | 94.0 | $636M |
| 2024-12-31 | 350 | 6.00 | 94.8 | $701M |
| 2025-03-31 | 356 | 5.87 | 94.4 | $734M |
| 2025-06-30 | 366 | 5.58 | 95.5 | $901M |
| 2025-09-30 | 202 | 5.53 | 95.6 | $1.0B |
| 2025-12-31 | 232 | 5.37 | 95.4 | $1.3B |
| 2026-03-31 | 1,141 | 5.28 | 96.1 | $8.0B |
Marks reflect each BDC’s own fair-value estimates as reported to the SEC, not traded prices. Private-credit loans are predominantly Level 3 under ASC 820 — valued from unobservable inputs and determined in good faith by each BDC’s board, so figures are estimates as of the filing date and are not directly comparable across managers. Informational only; not investment advice or a valuation.
About Golub Capital BDC Inc
Golub Capital BDC Inc (GBDC) is a publicly traded Business Development Company (BDC) — essentially a publicly listed fund that lends money to mid-sized private companies. In plain English: BDCs raise money from public investors and lend it to businesses that are too small for Wall Street banks. By law, they must pay out at least 90% of their profits as dividends, which is why BDC yields are often 8–12%. Golub Capital BDC Inc discloses its full loan portfolio through SEC filings.
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