Golub Capital BDC

On December 6, 2024, GBDC entered into an agreement (the “Commitment Increase Agreement”), pursuant to which, through the accordion feature in the
Senior Secured Revolving Credit Facility, dated as of August 6, 2024, by and among GBDC, 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 and supplemented, the “JPM
Credit Facility”), the aggregate commitments under the JPM Credit Facility increased from $1,897.5 million to $1,997.5 million. The accordion feature in the
JPM Credit Facility allows GBDC, under certain circumstances, to increase the total size of the facility to a maximum of $2.0 billion. The other material terms
of the JPM Credit Facility remain unchanged. On December 4, 2024, GBDC entered into the first amendment (the “First Amendment”) to the equity distribution agreement, dated as of October 6, 2023 (as
amended, the “Equity Distribution Agreement”), by and among GBDC, GC Advisors LLC, and Golub Capital LLC and Keefe, Bruyette & Woods, Inc. and
Regions Securities LLC (the “Placement Agents”), to modify certain settlement mechanics and to clarify the periods during which GBDC can request the
Placement Agents to sell Shares. The other material terms of the Equity Distribution Agreement were unchanged. As of 2024-12-06, the Fund’s leverage was 53.1% and Debt Focused BDC Group leverage was 50.3%.