GOLUB CAPITAL BDC, Inc.
U.S. private-credit portfolio values stabilized in Q2 2026 after earlier declines, with lenders marking down software loans and reporting increased non-income-generating debt. BDCs' fair-value-to-cost ratio fell to 97.57% in Q2. Software loans saw 81% markdowns this year, with select borrowers driving losses at firms like Blue Owl, Ares, and Golub.
Private credit markets are showing increasing signs of distress, with non-accrual debt rising among the largest BDCs. In Q2, non-accrual debt at the top 10 BDCs increased to 3.95% of total debt, up from 3.75% in Q1. The broader BDC universe also saw a rise in non-accrual borrowers, reaching 4.69% in Q1 2026. Adjusted non-accrual rates are higher, indicating wider credit stress. Interest income at risk is climbing, potentially impacting BDC yields.
Investing.com reports private credit BDCs have fallen 10-18% over the past year but rebounded 5-12% in the last month. It cites dividend yields of 7-12.6% and shows 1Y and 1M performance for BXSL, BIZD, HTGC, MAIN, ARCC, GBDC, and BBDC. It notes RBC maintained Outperform on KBDC but cut its price target to $15 from $16.
Over the past 7 days, alphai's AI scored 1 news story mentioning GBDC (GOLUB CAPITAL BDC, Inc.). Coverage has skewed bearish: 0 bullish, 0 neutral, and 1 bearish.
Recent GBDC coverage spans sector analysis, insider activity and earnings.
In the last 30 days, GBDC insiders filed 2 SEC Form 4 transactions — no purchases and 2 sales ($43.8M). The most active reporter was Golub David, Chairman & CEO, with 1 filing.
Selective loss exposure could pressure GBDC stock.
Credit quality concerns could erode net income.
The bounce is weaker than some peers, and the longer-term trend remains bearish per the article.
This is an insider sale disclosure, not a company fundamental update, but it can affect near-term sentiment and positioning.
This is an insider sale with no 10b5-1 plan disclosed, but it does not change company fundamentals by itself.
alphai scores every news story that mentions GBDC with an AI model for sentiment and relevance, and aggregates insider trades from GOLUB CAPITAL BDC, Inc.'s SEC EDGAR Form 4 filings. Figures refresh continuously.
U.S. private-credit portfolio values stabilized in Q2 2026 after earlier declines, with lenders marking down software loans and reporting increased non-income-generating debt. BDCs' fair-value-to-cost ratio fell to 97.57% in Q2. Software loans saw 81% markdowns this year, with select borrowers driving losses at firms like Blue Owl, Ares, and Golub.
3 min readPrivate credit markets are showing increasing signs of distress, with non-accrual debt rising among the largest BDCs. In Q2, non-accrual debt at the top 10 BDCs increased to 3.95% of total debt, up from 3.75% in Q1. The broader BDC universe also saw a rise in non-accrual borrowers, reaching 4.69% in Q1 2026. Adjusted non-accrual rates are higher, indicating wider credit stress. Interest income at risk is climbing, potentially impacting BDC yields.
5 min readInvesting.com reports private credit BDCs have fallen 10-18% over the past year but rebounded 5-12% in the last month. It cites dividend yields of 7-12.6% and shows 1Y and 1M performance for BXSL, BIZD, HTGC, MAIN, ARCC, GBDC, and BBDC. It notes RBC maintained Outperform on KBDC but cut its price target to $15 from $16.
6 min readGolub Lawrence E sold 1,676,387 indirectly-held shares of GOLUB CAPITAL BDC, Inc. (GBDC) at $13.06 ($21.89M total) on 2026-08-07.
1 min readGolub David (Chairman & CEO) sold 1,676,387 indirectly-held shares of GOLUB CAPITAL BDC, Inc. (GBDC) at $13.06 ($21.89M total) on 2026-08-07.
1 min readGolub Capital BDC Inc (GBDC) CEO David Golub said the firm is operating in a credit cycle with elevated stress and expects dispersion across portfolio credits over coming quarters. He cited constrained M&A volumes, improved deal pricing by 25 to 50 bps, and low AI-risk exposure in software loans. Capital allocation emphasized deleveraging and buybacks as payoffs slowed.
6 min readThe article highlights three BDCs: Ares Capital (ARCC), Trinity Capital (TRIN), and Golub Capital BDC (GBDC). It cites ARCC trading below NAV with about a 10% yield, TRIN’s 15.8% effective yield and 11.56% dividend with Q1 2026 dividend coverage of 103.9%, and GBDC trading below NAV with buybacks at 84% of NAV and about an 11.11% yield. Risks include non-accruals, NAV moves, and dividend coverage.
7 min readGOLUB CAPITAL BDC, Inc. (GBDC) filed an SEC Form 8-K — Entry into a Material Definitive Agreement. EX-10.1 2 tm2620117d1_ex10-1.htm EXHIBIT 10.1 Exhibit 10.1 Execution Version FOURTH AMENDED AND RESTATED SENIOR SECURED REVOLVING CREDIT AGREEMENT dated as of July 2, 2026 among GOLUB CAPITAL BDC, INC., as Borrower The LENDERS Party Hereto and JPMORGAN CHASE BANK, N.A. as Adminis
6 min readGOLUB CAPITAL BDC, Inc. (GBDC) filed an SEC Form 8-K — Results of Operations and Financial Condition. gbdc-20260707 false 0001476765 0001476765 2026-07-07 2026-07-07 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of report (Date of earliest event reported): J
1 min readThe Federal Reserve said Lenexa, Kansas-based Small Business Bank is “significantly undercapitalized,” issuing a prompt corrective action order. The $73 million-asset bank has faced three Fed enforcement actions since 2023. It has 30 days from June 29 to raise capital via new equity, a sale, or other measures; its CET1 ratio fell to 14% as of June 18.
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