On April 4, 2025, Golub Capital BDC, Inc. (the “Company”) entered into a Third Amended and Restated Senior Secured Revolving Credit Agreement to
amend and restate that certain Second Amended and Restated Senior Secured Revolving Credit Agreement, dated as of August 6, 2024, by and among the
Company, as borrower, JPMorgan Chase Bank, N.A., as administrative agent and as collateral agent, and the lenders, syndication agents, joint bookrunners,
and joint lead arrangers party thereto (as amended, supplemented and restated, the “A&R JPM Credit Facility”; all capitalized terms used herein but not
defined herein shall take their respective meanings from the A&R JPM Credit Facility). The A&R JPM Credit Facility, among other things, (i) amended the
accordion provision to permit increases to the total commitments to up to $3.0 billion, (ii) reduced the commitment fee from 0.375% to 0.325% on all unused
commitments, and (iii) changed the applicable margin, to be effective from and after April 4, 2025, to a range of 1.525% to 1.775% or, with respect to alternate
base rate loans, a range of 0.525% to 0.775%, in each case, with such spread being determined based on the total amount of the gross borrowing base relative
to the total combined debt amount, as of the date of determination. In addition, the maturity date of the A&R JPM Credit Facility was extended from August 6,
2029 to April 4, 2030. The other material terms of the A&R JPM Credit Facility were unchanged. As of 2025-04-10, the Fund’s leverage was 54.6% and Debt Focused BDC Group leverage was 51.3%.
