Notice of Voluntary Reduction of Commitment under Revolving Credit and Security Agreement between Golub Capital BDC 3, Inc., GBDC 3 Funding LLC, and Signature Bank

Contract Categories: Business Finance › Credit Agreements
Summary

Golub Capital BDC 3, Inc. and GBDC 3 Funding LLC have notified Signature Bank, as Administrative Agent and Lender, of their decision to reduce the maximum commitment under their existing Revolving Credit and Security Agreement from $150 million to $100 million. This reduction will take effect on September 13, 2022, or an earlier date if agreed in writing by the bank. The notice is given in accordance with the terms of the original credit agreement.

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EX-10.1 2 tm2225464d1_ex10-1.htm EXHIBIT 10.1

 

Exhibit 10.1

 

September 6, 2022

 

Signature Bank

2 Penn Plaza, Suite 1712

New York, New York 10121

Attention: Trevor Freeman

Telephone: (646) 968-4337

Email: ***@***

 

RE: Voluntary Reduction of Commitment

 

Reference is made to that certain Revolving Credit and Security Agreement dated as of February 4, 2019, by and among (a) GOLUB CAPITAL BDC 3, INC., a Maryland corporation, as borrower (the “Borrower”), (b) the other borrowers from time to time party thereto, (c) SIGNATURE BANK, as Administrative Agent (in such capacity, “Administrative Agent”) and a Lender, and (d) the other Lenders from time to time party thereto (as the same may be modified, amended, or restated from time to time, the “Credit Agreement”). Capitalized terms not defined herein shall have the meanings assigned to such terms in the Credit Agreement.

 

Pursuant to Section 3.5 of the Revolving Credit and Security Agreement, please accept this letter as written notice to reduce the Maximum Commitment from $150,000,000 to $100,000,000. Please note that this reduction shall be made effective on September 13th, 2022, or upon such earlier date as agreed to by the Administrative Agent in writing.

 

If you have any questions, please contact Tim Stroud at ###-###-####. Thank you.

 

BORROWERS:  
   
GOLUB CAPITAL BDC 3, INC., a Maryland corporation  
   
By: /s/ Christopher C. Ericson  
Name: Christopher C. Ericson  
Title: Authorized Signatory  
   
GBDC 3 FUNDING LLC, a Delaware limited liability company  
   
By: Golub Capital BDC 3, Inc., its sole member  
   
By: /s/ Christopher C. Ericson  
Name: Christopher C. Ericson  
Title: Chief Financial Officer