Golub Capital BDC (GBDC) has reported that RGA has reached an agreement with United Insurance Company of America pursuant to which United Insurance has transferred its interest in Senior Loan Fund LLC (SLF) to RGA.
SLF is a joint venture through which GBDC and its partner co-invest in first lien senior secured loans through an unconsolidated Delaware limited liability company.
"We are excited about both our new partnership with RGA and the prospects for SLF going forward," said David Golub, chief executive officer of GBDC. "We want to thank United Insurance for their involvement with SLF and wish them well."
Brian Butchko, vice president and director of US portfolio management at RGA, said: "We are very pleased to be partnering with Golub Capital, a market leader in middle market lending with an outstanding 20-year track record.”