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Golub Capital BDC, Inc. Announces Stockholder Approval of Proposed Merger With Golub Capital Investment Corporation
NEW YORK, Sept. 4, 2019 /PRNewswire/ -- Golub Capital BDC, Inc. ("GBDC" or the "Company") (NASDAQ: GBDC, www.golubcapitalbdc.com) announced today that it
About this update from Golub Capital Bdc, Inc.
[{"type":"text","content":"NEW YORK, Sept. 4, 2019 /PRNewswire/ -- Golub Capital BDC, Inc. (\"GBDC\" or the \"Company\") (NASDAQ: GBDC, www.golubcapitalbdc.com) announced today that it obtained stockholder approval of the proposals related to its merger with Golub Capital Investment Corporation (\"GCIC\") at a special meeting of the Company's stockholders on September 4, 2019. \nOver 96% of GBDC stockholders who voted at the meeting voted in favor of the proposals related to effecting the proposed merger, including the approval of the new investment advisory agreement to be effective upon closing of the merger, each as described in the Company's proxy statement.\nAt a separate meeting held on September 4, 2019, 100% of GCIC stockholders who voted at the meeting voted in favor of the proposed merger. The merger is currently expected to close later in September 2019, subject to satisfaction of customary closing conditions.\nDavid B. Golub, CEO of GBDC, said, \"We would like to thank our stockholders and the stockholders of GCIC for their strong support of the proposed merger. We would also like to thank the independent directors of GBDC and GCIC for their careful evaluation of the proposed merger on behalf of their respective stockholders. We believe the merger with GCIC is a win-win-win—good for GBDC stockholders, good for GCIC stockholders, and good for GBDC. We look forward to delivering the powerful advantages of the combined company to our current and future stockholders.\"\nUnder the terms of the approved merger agreement, GCIC stockholders will receive 0.865 shares of GBDC common stock for each share of GCIC common stock.\nAbout Golub Capital BDC, Inc.\nGolub Capital BDC, Inc. (\"GBDC\") is an externally-managed, non-diversified closed-end management investment company that has elected to be treated as a business development company under the Investment Company Act of 1940. GBDC invests primarily in one stop and other senior secured loans to U.S. middle market companies that are often sponsored by private equity investors. GBDC's investment activities are managed by its investment adviser, GC Advisors LLC, an affiliate of the Golub Capital LLC group of companies (\"Golub Capital\"). For more information, please visit www.golubcapitalbdc.com.\nAbout Golub Capital Investment Corporation\nGolub Capital Investment Corporation (\"GCIC\") is an externally-...