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.
SMBC 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.
We 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.
Investors 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.
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 the Notes 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 the accompanying prospectus
may be obtained from SMBC Nikko Securities America, Inc., 277 Park
Avenue, New York, New York 10172,
Attn: Debt Capital Markets, email:prospectus@smbcnikko-si.com. or
J.P. Morgan Securities LLC, 383 Madison Avenue, New York, New York 10179, Attn: Investment
Grade Syndicate Desk, facsimile: 212-834-6081.
ABOUT GOLUB CAPITAL BDC, INC.
The Company is an externally-managed, non-diversified closed-end
management investment company that has elected to be treated as a
business development company under the Investment Company Act of
1940, as amended. The Company invests primarily in one-stop and
other senior secured loans of U.S. middle-market companies that are
often sponsored by private equity investors. The Company's
investment activities are managed by its investment adviser, GC
Advisors LLC, an affiliate of the Golub Capital group of companies
("Golub Capital").
ABOUT GOLUB CAPITAL
Golub Capital is a market-leading, award-winning direct lender
and credit asset manager, with over $35
billion of capital under management. Golub Capital
specializes in delivering reliable, creative and compelling
financing solutions to middle market companies backed by private
equity sponsors. The firm's credit expertise also forms the
foundation of its Late Stage Lending business and its Broadly
Syndicated Loan investment program. Across its activities, Golub
Capital nurtures long-term, win-win partnerships that inspire
repeat business from its private equity sponsor clients and
investors. Founded over 25 years ago, Golub Capital today has over
550 employees and lending offices in Chicago, New
York, San Francisco and
London.
FORWARD-LOOKING STATEMENTS
Some of the statements in this press release constitute
forward-looking statements because they relate to future events or
our future performance or financial condition. The forward-looking
statements may include statements as to the Company's notes
offering, the expected net proceeds from the offering, and the
anticipated use of the net proceeds of the offering. In addition,
words such as "anticipate," "believe," "expect," "seek," "plan,"
"should," "estimate," "project" and "intend" indicate
forward-looking statements, although not all forward-looking
statements include these words. The forward-looking statements
contained in this press release involve risks and uncertainties.
Our actual results could differ materially from those implied or
expressed in the forward-looking statements for any reason,
including the factors set forth in "Risk Factors" and elsewhere in
our annual report on Form 10-K, our quarterly report on Form 10-Q,
and our other filings with the SEC. Other factors that could cause
actual results to differ materially include: changes in the
economy, financial markets and political environment; changes in
the markets in which we invest; risks associated with possible
disruption in or impact on our business and operations, our
portfolio companies' business and operations, the economy or
financial markets generally due to terrorism, natural disasters, or
health pandemics, including the COVID-19 pandemic; future changes
in laws or regulations (including the interpretation of these laws
and regulations by regulatory authorities) and conditions in our
operating areas, particularly with respect to business development
companies or regulated investment companies; and other
considerations that may be disclosed from time to time in our
publicly disseminated documents and filings.
We have based the forward-looking statements included in this
press release on information available to us on the date of this
press release, and we assume no obligation to update any such
forward-looking statements. Although we undertake no obligation to
revise or update any forward-looking statements, whether as a
result of new information, future events or otherwise, you are
advised to consult any additional disclosures that we may make
directly to you or through reports that we in the future may file
with the SEC, including annual reports on Form 10-K, quarterly
reports on Form 10-Q and current reports on Form 8-K.
Source: Golub Capital BDC, Inc.
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SOURCE Golub Capital BDC, Inc.