Golub Gets Approved for SBIC License

Golub Capital BDC (NASDAQ: GBDC) has secured approval to operate GC SBIC IV as a Small Business Investment Company. The classification allows the wholly-owned subsidiary to obtain leverage by issuing Small Business Administration-guaranteed loans. Golub Capital BDC is a business development company managed by Golub Capital that usually invests in senior secured, unitranche, mezzanine and second lien loans of PE-backed middle-market companies.