Business
Golub Capital BDC, Inc. Prices Public Offering of $350 Million 2.050% Notes Due 2027
NEW YORK, July 27, 2021 /PRNewswire/ -- Golub Capital BDC, Inc. (the "Company," "we," "us" or "our"), a business development company (NASDAQGS: GBDC),
About this update from Golub Capital Bdc, Inc.
[{"type":"text","content":"NEW YORK, July 27, 2021 /PRNewswire/ -- Golub Capital BDC, Inc. (the \"Company,\" \"we,\" \"us\" or \"our\"), a business development company (NASDAQGS: GBDC), announced that it has priced an underwritten public offering of $350 million in aggregate principal amount of 2.050% notes due 2027. The notes will mature on February 15, 2027 and may be redeemed in whole or in part at the Company's option at any time at par plus a \"make-whole\" premium, if applicable.\nSMBC Nikko Securities America, Inc., J.P. Morgan Securities LLC, MUFG Securities Americas Inc., Morgan Stanley & Co. LLC, SG Americas Securities, LLC and Wells Fargo Securities, LLC are acting as joint book-running managers for this offering. CIBC World Markets Corp., Signature Securities Group Corporation and Regions Securities LLC are acting as co-managers for the offering. The offering is expected to close on August 3, 2021, subject to customary closing conditions.\nWe expect to use the net proceeds of this offering to redeem all of the outstanding indebtedness under the debt securities in which Golub Capital BDC CLO 4 LLC, our indirect subsidiary, issued notes, and repay a portion of the outstanding indebtedness under our revolving credit facilities. We may reborrow under our revolving credit facilities for general corporate purposes, which may include repaying some of the debentures of our small business investment company subsidiaries and investing in portfolio companies in accordance with our investment strategy.\nInvestors are advised to carefully consider the investment objectives, risks, charges and expenses of the Company before investing. The preliminary prospectus supplement dated July 27, 2021 and the accompanying prospectus dated June 26, 2019, 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.\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 offer to buy the Notes in any jurisdiction where such offer and sale is not permitted.\nThe offering may be made only by means of a preliminary prospectus supplement and an accompanying prospectus. Copies of the preliminary prospectus supplem...