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Golub Capital talks about GE Capital's sale

Apr. 15, 2015 12:26 PM ETGolub Capital BDC (GBDC)GBDCBy: Stephen Alpher, SA News Editor
  • "We are already getting calls," Golub Capital (GBDC +0.7%) president David Golub tells the WSJ's Shasha Dai, in a conversation about GE's plan to exit GE Capital.
  • "In the longer term, there is a lot of market share up for grabs. It's not clear that the buyer of the business will be as strong a competitor as GE has been," he adds, noting the new owner won't have access to GE's low cost of capital. "The financing issues are going to be challenging."
  • Previously: GE sets plan to exit almost all of GE Capital; launches $50B buyback (April 10)

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