Golub Capital BDC, Inc. Prices Public Offering of $400 Million 2.500% Notes Due 2026

About this update from Golub Capital Bdc, Inc.

NEW YORK, Feb. 17, 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 $400 million in aggregate principal amount of 2.500% notes due 2026. The notes will mature on August 24, 2026 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. SMBC Nikko Securities America, Inc., J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, MUFG Securities Americas Inc. and SG Americas Securities, LLC are acting as joint book-running managers for this offering. The offering is expected to close on February 24, 2021, subject to customary closing conditions. The Company expects to use the net proceeds of this offering primarily to initially repay outstanding indebtedness. The indebtedness the Company may repay with the net proceeds of this offering includes amounts outstanding under its revolving credit facilities. The Company may reborrow under its revolving credit facilities for general corporate purposes, which may include repaying some of the debentures of the Company's small business investment company subsidiaries and investing in portfolio companies in accordance with its investment strategy. Investors are advised to carefully consider the investment objectives, risks, charges and expenses of the Company before investing. The preliminary prospectus supplement dated February 17, 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. The 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 such securities in any jurisdiction where such offer and sale is not permitted. The offering may be made only by means of a preliminary prospectus supplement and an accompanying prospectus. Copies of the preliminary prospectus supplement (and accompanying prospectus) may be obtained from SMBC Nikko Securities America, Inc., 277 Park Avenue, New York, New York 10172, Attn: Debt Capital Markets, email:[email protected]. or J.P. Mo...

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