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.
SMBC 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.
The 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.
Investors 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.
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 by calling SMBC Nikko Securities America, Inc.
at 1-888-868-6856, J.P. Morgan Securities LLC at 212-834-4533 or
Wells Fargo Securities, LLC at 1-800-645- 3751.
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. The firm specializes in delivering
reliable, creative and compelling financing solutions to companies
backed by private equity sponsors. Golub Capital's sponsor finance
expertise also forms the foundation of its Broadly Syndicated Loan
and Credit Opportunities investment programs. Golub Capital
nurtures long-term, win-win partnerships that inspire repeat
business from its private equity sponsor clients and investors.
As of October 1, 2023, Golub
Capital had over 850 employees and over $60
billion of capital under management, a gross measure of
invested capital including leverage. The firm has lending offices
in New York, Chicago, Miami, 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 and our other filings with the SEC.
Other factors that could cause actual results to differ materially
include: changes in the economy, financial and lending markets and
geopolitical environment; changes in the markets in which we
invest; changes in the interest rate environment and its impact on
our business and our portfolio companies; the impact off elevated
levels of inflation and its impact on our portfolio companies and
the industries in which we invest; 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.
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SOURCE Golub Capital BDC, Inc.