Golub Capital Private Income Fund I 8-K/A

What Happened

• Golub Capital Private Income Fund I filed a Form 8-K on March 27, 2026 to correct the number of Common Shares issued and the total consideration reported in its prior 8-K (filed Feb 24, 2026). No other changes were made to the original filing.
• The company reiterated a regular distribution for Common Shares declared on February 2, 2026 of $0.1667 per share (record date Feb 28, 2026; payable on or around March 30, 2026). Shareholders may receive the distribution in cash or via automatic reinvestment under the fund’s distribution reinvestment plan.
• The 8-K also provided a portfolio and business update as of January 31, 2026, including NAV per share and portfolio composition.

Key Details

• Distribution: $0.1667 per Common Share; record date Feb 28, 2026; payable ~Mar 30, 2026 (cash or DRIP).
• Portfolio size and mix (as of Jan 31, 2026): 116 portfolio companies; total fair value ≈ $369 million; first-lien senior secured ≈ 99%; equity & other ≈ 1%; junior debt <1%.
• Balance sheet snapshot (as of Jan 31, 2026): aggregate NAV ≈ $170 million; fair value of investments ≈ $369 million; debt outstanding ≈ $172 million; debt-to-equity leverage ratio = 1.02x.
• NAV per share: $24.85 as of January 31, 2026. Top industry exposures by fair value: Software 25%, Insurance 9%, Hotels/Restaurants/Leisure 6%, Healthcare Equipment 6%, Healthcare Providers 5%.

Why It Matters

• Income: The declared $0.1667 distribution is the near-term cash return for shareholders and may be taken as cash or reinvested, affecting taxable income and share count for DRIP participants.
• Valuation & leverage: NAV per share ($24.85) and a leverage ratio of ~1.02x give investors a snapshot of the fund’s net asset backing and use of debt financing as of Jan 31, 2026.
• Portfolio risk profile: The portfolio is heavily weighted to first-lien senior secured loans (floating-rate) and concentrated sector exposure (25% to software), which can influence income stability and sector-specific risk.
• Administrative update: The 8-K correction relates to prior disclosure of unregistered equity issuance (number of shares and consideration); the amendment appears to be a factual correction rather than a change in economic terms.