Business
Golub Capital BDC, Inc. Prices Public Offering of $150 Million 6.000% Notes Due 2029
NEW YORK--(BUSINESS WIRE)-- Golub Capital BDC, Inc. (the “Company,” “we,” “us” or “our”), a business development company (Nasdaq: GBDC), announced that it
About this update from Golub Capital Bdc, Inc.
[{"type":"text","content":" NEW YORK--(BUSINESS WIRE)--\nGolub Capital BDC, Inc. (the “Company,” “we,” “us” or “our”), a business development company (Nasdaq: GBDC), announced that it has priced an underwritten public offering of an additional $150 million in aggregate principal amount of 6.000% notes due 2029. The notes will mature on July 15, 2029 and may be redeemed in whole or in part at the Company’s option at any time prior to June 15, 2029, at par plus a “make-whole” premium, and thereafter at par.\n\n\nThe notes will constitute a further issuance of, have the same terms (except the issue date, the offering price and the initial interest payment date) as, rank equally in right of payment with, and be fungible and form a single series with the $600 million in aggregate principal amount of the 6.000% notes due 2029 that the Company initially issued on February 1, 2024. Upon the issuance of the notes, the outstanding aggregate principal amount of the Company’s 6.000% notes due 2029 will be $750 million.\n\n\nSMBC Nikko Securities America, Inc., J.P. Morgan Securities LLC, Santander US Capital Markets LLC, Truist Securities, Inc., Capital One Securities, Inc., MUFG Securities Americas Inc., Regions Securities LLC, SG Americas Securities, LLC and Wells Fargo Securities, LLC are acting as joint book-running managers for this offering. BNP Paribas Securities Corp., CastleOak Securities, L.P., CIBC World Markets Corp., Comerica Securities, Inc., Goldman Sachs & Co. LLC, Morgan Stanley & Co. LLC, U.S. Bancorp Investments, Inc. and WauBank Securities LLC are acting as co-managers for the offering. The offering is expected to close on December 3, 2024, subject to customary closing conditions.\n\n\nThe Company intends to use the net proceeds from this offering to repay outstanding indebtedness under the Company’s senior secured revolving credit facility with JPMorgan Chase Bank, N.A. (the “JPM Credit Facility”) or the $383.6 million term debt securitization issued by Golub Capital BDC 3 CLO 2 LLC, a Delaware limited liability company and indirect subsidiary of the Company, acquired as part of the Company’s June 2024 acquisition of Golub Capital BDC 3, Inc. However, the Company may reborrow under the JPM Credit Facility for general corporate purposes, which may include investing in portfolio companies in accordance with its investment strategy.\n\n\nInvestors a...