# EDGAR Filing Document

**Accession Number:** 0001868878
**File Stem:** 0001868878-23-000021
**Filing Date:** 2023-3
**Character Count:** 9523
**Document Hash:** 750651dcedf5e4fdedfdb1a392df4d13
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001868878-23-000021.hdr.sgml**: 20230316

**ACCESSION NUMBER**: 0001868878-23-000021

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 16

**CONFORMED PERIOD OF REPORT**: 20230315

**ITEM INFORMATION**: Regulation FD Disclosure

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20230316

**DATE AS OF CHANGE**: 20230315

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** GOLUB CAPITAL DIRECT LENDING CORP
- **CENTRAL INDEX KEY:** 0001868878
- **IRS NUMBER:** 871489837
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 0930

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 814-01412
- **FILM NUMBER:** 23736474

**BUSINESS ADDRESS:**
- **STREET 1:** 200 PARK AVENUE, 25TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10166
- **BUSINESS PHONE:** (212) 750-6060

**MAIL ADDRESS:**
- **STREET 1:** 200 PARK AVENUE, 25TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10166

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** GOLUB CAPITAL DIRECT LENDING Corp
- **DATE OF NAME CHANGE:** 20210707

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Golub Capital Direct Lending LLC
- **DATE OF NAME CHANGE:** 20210622

?xml version="1.0" ? gdlc-20230315

    

**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): March 15, 2023**

    

**<u>GOLUB CAPITAL DIRECT LENDING CORPORATION</u>**

**(Exact name of Registrant as Specified in Its Charter)**

---

| | | |
|:---|:---|:---|
| **Maryland** | **814-01412** | **87-1489837** |
| **(State or Other Jurisdiction**<br>**of Incorporation)** | **(Commission**<br>**File Number)** | **(IRS Employer**<br>**Identification No.)** |

---

**<u>__ 200 Park Avenue, 25th Floor, New York, NY 10166_ _</u>**

**&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Address of Principal Executive Offices)** &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **(Zip Code)**

**Registrant's telephone number, including area code: <u>(212) 750-6060</u>**

**<u>____ ____</u>**

**(Former Name or Former Address, if Changed Since Last Report)**

    

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (*see* General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

---

| | | |
|:---|:---|:---|
| **Title of each class** | **Trading Symbol** | **Name of each exchange on which registered** |
| None | N/A | N/A |

---

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b- 2 of the Securities Exchange Act of 1934.

&nbsp;&nbsp;&nbsp;&nbsp;Emerging growth company 🗹

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. 🗹

    

------

**Item 7.01.** &nbsp;&nbsp;&nbsp;&nbsp;**Regulation FD Disclosure.**

On March 15, 2023, Golub Capital Direct Lending Corporation issued a letter to shareholders. A copy of the shareholder letter is attached hereto as Exhibit 99.1.

The information in Item 7.01 of this Current Report on Form 8-K, including Exhibit 99.1 furnished herewith, is being furnished and shall not be deemed "filed" for any purpose of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of such Section. The information in this Current Report on Form 8-K shall not be deemed to be incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.

---

| | |
|:---|:---|
| **Item 9.01.** | **Financial Statements and Exhibits.** |

---

(d) *Exhibits*. <br> <u>[99.1](gdlc_partnerletterx31523.htm)</u> Letter to Golub Capital Direct Lending Corporation shareholders, dated as of March 15, 2023.

------

**SIGNATURES**<br>

Pursuant to the requirements of the Securities Exchange Act of 1934, Golub Capital Direct Lending Corporation has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

---

| | |
|:---|:---|
| | **GOLUB CAPITAL DIRECT LENDING CORPORATION** |
| Date: March 15, 2023 | By: &nbsp;&nbsp;&nbsp;&nbsp; <u>/s/ Christopher C. Ericson</u> |
|  | Name: &nbsp;&nbsp;&nbsp;&nbsp;Christopher C. Ericson |
|  | Title: &nbsp;&nbsp;&nbsp;&nbsp;Chief Financial Officer |

---

## Exhibit 99.1

![](gdlc_partnerletterx31523001.jpg)

golubcapital.com Page 1 of 2 To Our Partners, Consistent with our commitment to transparency, we are writing today to share with you our initial assessment of the impact of the Silicon Valley Bank ("SVB") and Signature Bank ("SBNY") failures on Golub Capital Direct Lending Corporation (together with its consolidated subsidiaries, "GDLC," "we," "us," "our" or the "Company"). In short, we believe GDLC and its investment adviser are in a strong capital and liquidity position, and, based on the work we have completed to date, we have not identified material problems or risks related to the SVB and SBNY failures. This letter summarizes key findings from Golub Capital's work to date to assess GDLC's potential risk exposures related to SVB and SBNY. GDLC Has No Material Financial or Operational Exposure to SVB or SBNY  GDLC does not hold any cash or restricted cash balances with SVB or SBNY. GDLC retains its cash and restricted cash balances in custodian accounts with Deutsche Bank.  GDLC does not have any lending agreements with SVB or SBNY.  We do not expect the SVB and SBNY failures to impact the ability of GDLC to achieve its leverage targets. GDLC Operational Adjustments  GDLC has utilized SVB operating accounts for administrative functions, including to receive capital call payments and send distributions.  GDLC has back-up and alternative operating accounts that we plan to utilize going forward for these administrative functions, including the capital call and distribution payment activity.  It is part of our culture to have backup plans to our backup plans, so we were able to make these minor operational adjustments smoothly. GDLC Believes Portfolio Company Exposure to SVB and SBNY Is Not Material  GC Advisors LLC, GDLC's investment adviser ("GC Advisors"), and other affiliates of Golub Capital LLC (collectively "Golub Capital") have been in active dialogue with our portfolio company borrowers and their private equity firm partners.  Based on these discussions, we are not aware of any GDLC borrowers that have faced material issues to date as a consequence of SVB's or SBNY's failure.  We have learned to date that the vast majority of GDLC's portfolio companies do not have a banking relationship with SVB or SBNY. Among those who did have deposits with SVB or SBNY, we understand that most have transferred their deposits to another financial institution or are in the process of doing so.  Based on information we received from our portfolio companies to date, we do not believe there are any GDLC portfolio company borrowers with meaningful exposure to undrawn loan facilities where SVB or SBNY is the lender. No Material Impact on Golub Capital and GC Advisors  Across Golub Capital's funds and management companies, there is no material deposit exposure to SVB, SBNY or any other regional banks.  Golub Capital continues to carefully monitor developments with respect to other regional banks that have come under stock market pressure. Golub Capital believes it does not have material risk exposure to such banks.  Golub Capital believes it is well-prepared for the challenge of today's uncertain environment. Sincerely, David B. Golub Chief Executive Officer, Golub Capital Direct Lending Corporation

------

![](gdlc_partnerletterx31523002.jpg)

&nbsp;&nbsp;&nbsp;&nbsp;golubcapital.com Page 2 of 2 FORWARD-LOOKING STATEMENTS This letter may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Statements other than statements of historical facts included in this letter may constitute forward-looking statements and are not guarantees of future performance or results and involve a number of risks and uncertainties. Actual results may differ materially from those expressed or implied in the forward-looking statements as a result of a number of factors, including those described from time to time in filings with the Securities and Exchange Commission. Golub Capital Direct Lending Corporation undertakes no duty to update any forward-looking statement made herein. All forward-looking statements speak only as of the date of this letter.

------