Business
Golub Capital BDC, Inc. Prices Public Offering of $250 Million 7.050% Notes Due 2028
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 $250 million in aggregate principal amount of 7.050% notes due 2028 (the “Notes”). The Notes will mature on December 5, 2028 and may be redeemed in whole or in part at the Company’s option at any time prior to November 5, 2028, 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 $450 million in aggregate principal amount of the 7.050% notes due 2028 that the Company initially issued on December 5, 2023. Upon the issuance of the Notes, the outstanding aggregate principal amount of the Company’s 7.050% notes due 2028 will be $700 million.\n\n\nRBC Capital Markets, LLC is acting as sole book-running manager for this offering. The offering is expected to close on September 26, 2025, subject to customary closing conditions.\n\n\nThe Company intends to use the net proceeds from this offering to repay a portion of the outstanding indebtedness under the Company’s senior secured revolving credit facility with JPMorgan Chase Bank, N.A. (the “JPM Credit Facility”). However, the Company may re-borrow under the JPM Credit Facility or borrow under the Company’s unsecured revolving credit facility with GC Advisors LLC for general corporate purposes, which may include investing in portfolio companies in accordance with the Company’s investment strategy.\n\n\nInvestors are advised to carefully consider the investment objective, risks, charges and expenses of the Company before investing. The preliminary prospectus supplement dated September 19, 2025 and the accompanying prospectus dated March 28, 2025, each of which have been filed with the Securities and Exchange Commission (the “SEC”), contain this and other information about the Company and should be read carefully before investing.\n\n\nThe pricing term sheet, the preliminary prospectus supplement, the accompanying prospectus and this press release are not offers to sell any securities of the Company and are not soliciting an o...