Golub Capital Private Income Fund I 8-K

What Happened

• Golub Capital Private Income Fund I filed an 8-K on June 23, 2026 reporting an unregistered sale of 102,555 common shares on June 1, 2026 at the Fund’s NAV of $24.27 per share, raising $2,489,000. The sale was made under exemptions (Section 4(a)(2), Regulation D and/or Regulation S).
• The Fund reconfirmed its regular June distribution of $0.1667 per common share, payable on or around July 30, 2026 to shareholders of record at the open of business June 30, 2026; shareholders may receive cash or reinvest via the Fund’s reinvestment plan.
• The filing also provided a portfolio and business update as of May 31, 2026: NAV per share $24.27; aggregate NAV ≈ $205 million; portfolio fair value ≈ $433 million; debt outstanding ≈ $238 million; 148 portfolio companies.

Key Details

• Unregistered share sale: 102,555 shares at $24.27 NAV = $2,489,000; no underwriting fees or sales loads paid.
• Distribution: $0.1667 per share for June 2026; record date June 30, 2026; payment ~July 30, 2026; cash or reinvestment options available.
• Portfolio mix (May 31, 2026): First-lien senior secured 99%, Equity 1% (amounts <1% shown as 0%); ~100% of debt investments are floating-rate.
• Financials and leverage: portfolio fair value ~$433M; NAV ~$205M; debt ~$238M; debt-to-equity leverage ratio 1.17x (GAAP net debt-to-equity 1.13x).

Why It Matters

• The private sale raised about $2.5M of new capital without a public offering, which modestly increases assets and may support lending activity or portfolio needs.
• The declared distribution and reinvestment option are important to income-focused shareholders for cash flow and potential share accumulation.
• Portfolio details show a heavy emphasis on first-lien senior secured, floating-rate debt across 148 companies and measurable leverage—information investors use to assess risk, income stability, and sensitivity to interest rates.