Golub Capital BDC 3 Inc. on Feb. 4 entered into a revolving credit and security arrangement with New York-based Signature Bank as lender and administrative agent.
The arrangement allows Golub Capital BDC 3 to borrow up to $175.0 million and the agreement is set to mature Feb. 4, 2021. The company can choose between either the 1-, 2- or 3-month London interbank offered rate plus 1.50% per year or the prime rate minus 1.40% as interest on the borrowings.
The company is also required to pay a nonusage fee of 0.15% per year on unused portion of the agreement. It will also need to pay an additional facility fee equal to 0.20% of maximum commitments under the arrangement on Feb. 4, 2020.