Golub Capital BDC 3, Inc.: directors' dealings · United States · SEC (Form 4)

About Golub Capital BDC 3, Inc.

Golub Capital BDC 3, Inc. is a U.S.-listed business development company (BDC) traded on the Nasdaq market in the United States. For international investors, it is best understood as a publicly traded private credit vehicle focused on lending to U.S. middle-market companies. Its core strategy is centered on senior secured loans, one-stop solutions, second-lien loans and, at times, subordinated debt. The company is externally managed, meaning that underwriting, origination, portfolio monitoring and administration are handled through Golub Capital affiliates rather than by an internal lending platform. Golub Capital BDC 3 was formed on August 1, 2017 and elected BDC status under the Investment Company Act of 1940 on September 29, 2017. It commenced operations on October 2, 2017. A major strategic milestone came in June 2024, when the company became part of a broader platform following its combination with Golub Capital BDC, Inc. That transaction expanded the scale of the combined franchise, deepened access to deal flow and supported a more diversified funding structure. The company’s business address is in New York, New York, United States, at 200 Park Avenue, 25th Floor, placing it in the center of the U.S. capital markets ecosystem. The investment case is built around Golub Capital’s long-standing reputation in middle-market lending. The broader Golub Capital platform highlights a long track record in senior secured, one-stop, second-lien and subordinated loans, with an established sponsor-backed origination model. In practical terms, this gives Golub Capital BDC 3 exposure to a borrower universe that is typically too small for large public credit markets but large enough to require institutional underwriting. Competitive positioning therefore depends on credit discipline, sponsor relationships, recurring origination channels and the ability to structure loans with downside protection. In the BDC universe, that combination is important because earnings and net asset value can be sensitive to credit quality, leverage, and the interest-rate environment. Geographically, the portfolio is primarily U.S.-focused, which is consistent with its mandate as a lender to domestic middle-market businesses. Recent company developments have been tied mainly to post-merger integration, balance-sheet management, debt securitization activity and capital-markets transactions disclosed through SEC filings. The company has also continued to communicate its financing structure and portfolio evolution through regulatory updates and earnings releases. Overall, Golub Capital BDC 3 represents a listed U.S. private credit exposure with a specialized lending mandate, a recognized sponsor platform and a market profile that fits investors seeking income-oriented credit risk in the Nasdaq-listed BDC segment.