Business
Golub Capital BDC, Inc. Prices Public Offering of $450 Million 7.050% Notes Due 2028
NEW YORK, Nov. 30, 2023 /PRNewswire/ -- Golub Capital BDC, Inc. (the "Company," "we," "us" or "our"), a business development company (Nasdaq: GBDC), announced
About this update from Golub Capital Bdc, Inc.
[{"type":"text","content":"NEW YORK, Nov. 30, 2023 /PRNewswire/ -- Golub 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 $450 million in aggregate principal amount of 7.050% notes due 2028. 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\nSMBC Nikko Securities America, Inc., J.P. Morgan Securities LLC, Wells Fargo Securities, LLC, Goldman Sachs & Co. LLC, Morgan Stanley & Co. LLC, MUFG Securities Americas Inc., Regions Securities LLC, Santander US Capital Markets LLC and SG Americas Securities, LLC are acting as joint book-running managers for this offering. Capital One Securities, Inc., CIBC World Markets Corp., Comerica Securities, Inc. and WauBank Securities LLC are acting as co-managers for the offering. The offering is expected to close on December 5, 2023, subject to customary closing conditions.\nThe Company expects to use the net proceeds of this offering to repay outstanding indebtedness. The indebtedness the Company expects to repay with the net proceeds of this offering includes amounts outstanding under the 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 for general corporate purposes, which includes investing in portfolio companies in accordance with the Company's 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 November 30, 2023 and the accompanying prospectus dated June 9, 2022, 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 prelimina...