Risk factors
GOLUB Capital BDC (GBDC) risk factors
Item 1A of every GOLUB Capital BDC, Inc. 10-K on file, and what changed from one year to the next.
- 2025 10-K risk factors
123 risks, 15 new, 8 dropped, 30 reworded since the prior year. Competition has broadened as more investors pursue private middle-market loans, while larger rivals may have more funding and fewer restrictions.
Filed Nov 18, 2025 - 2024 10-K risk factors
116 risks. Leverage and interest rates dominate, with $4.7 billion of debt and 6.21% effective annual interest as of September 30, 2024.
Filed Nov 19, 2024