Item 1.01. Entry into a Material Definitive Agreement.
On
The description above is only a summary of the material provisions of the Purchase Agreement and is qualified in its entirety by reference to a copy of the Purchase Agreement, 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 Registrant.
The information contained in Item 1.01 of this current report on Form 8-K is incorporated by reference in this Item 2.03.
In connection with the acquisition of the
As ofJanuary 1, 2020 , the date of the Company's acquisition of theGBDC SLF LLC equity interests formerly held by RGA pursuant to the Purchase Agreement, the senior secured revolving credit facility (as amended, the "GBDC SLF Credit Facility") thatSenior Loan Fund II LLC , a wholly-owned subsidiary of GBDC SLF ("GBDC SLF II"), entered into withWells Fargo Securities, LLC , as administrative agent, andWells Fargo Bank, N.A ., as lender, which, as ofDecember 31, 2019 allowed SLF II to borrow up to$52.3 million , subject to leverage and borrowing base restrictions, and which bore interest at one-month LIBOR plus 2.05% per annum. The reinvestment period of the GBDC SLF Credit Facility endedAugust 29, 2018 , and after such date, the maximum commitment is equal to advances outstanding. The stated maturity date of the GBDC SLF Credit Facility isAugust 30, 2022 . As ofJanuary 1, 2020 , the date of the Company's acquisition of all of theGCIC SLF LLC equity interests formerly held by Aurora pursuant to the Purchase Agreement,GCIC Senior Loan Fund II LLC , a wholly-owned subsidiary of GCIC SLF ("GCIC SLF II"), was party to a senior secured revolving credit facility (as amended, the "GCIC SLF Credit Facility") withWells Fargo Bank, N.A ., which, as ofDecember 31, 2019 , allowed GCIC SLF II to borrow up to$44.4 million at any one time outstanding, subject to leverage and borrowing base restrictions, and which bore interest at one-month LIBOR plus 2.05%. The reinvestment period of the GCIC SLF Credit Facility endedSeptember 29, 2018 , and after such date, the maximum commitment is equal to advances outstanding. The stated maturity date of GCIC SLF Credit Facility isSeptember 28, 2022 .
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits. 10.1 Purchase Agreement, dated as ofJanuary 1, 2020 , by and amongRGA Reinsurance Company ,Aurora National Life Assurance Company ,Golub Capital BDC, Inc. ,Senior Loan Fund LLC andGCIC Senior Loan Fund .
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