Golub Capital BDC, Inc. Prices Public Offering Of 2,600,000 Shares
Of Its Common Stock
CHICAGO, Oct. 16, 2012 /PRNewswire/ -- Golub Capital
BDC, Inc. (the "Company"), a business development company (NASDAQ:
GBDC, www.golubcapitalbdc.com), announced that it has priced an
underwritten public offering of 2,600,000 shares of common stock at
$15.58 per share. Wells Fargo
Securities and UBS Investment Bank are acting as joint book-running
managers for the offering. The offering of the shares will be made
under the Company's shelf registration statement, which was filed
with, and declared effective by, the Securities and Exchange
Commission.
The offering is expected to close on October 19, 2012, subject to customary closing
conditions. The Company has also granted the underwriters an option
to purchase up to an additional 390,000 shares of common stock to
cover over-allotments, if any.
The Company intends to use all or substantially all of the net
proceeds from the offering to invest in portfolio companies in
accordance with its investment objective and strategies and for
general corporate purposes. The Company may also use a portion of
the net proceeds from the offering to repay amounts outstanding
under its revolving credit facility.
Investors are advised to carefully consider the investment
objective, risks, charges and expenses of the Company before
investing. The preliminary prospectus supplement dated October 15, 2012 and the accompanying prospectus
dated January 30, 2012, which have
been filed with the Securities and Exchange Commission, contain
this and other information about the Company and should be read
carefully before investing.
The information in the prospectus supplement, the accompanying
prospectus and this press release is not complete and may be
changed. The 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 state where such offer and sale is not permitted.
The offering may be made only by means of a prospectus
supplement and an accompanying prospectus, copies of which may be
obtained from Wells Fargo Securities, 375 Park Avenue, 4th Floor,
New York, NY 10152, Attn: Equity
Syndicate Department or by e-mailing cmclientsupport@wellsfargo.com
or calling (800) 326-5897, or UBS Investment Bank, 299 Park Ave.,
New York, New York 10171, Attn:
Prospectus Department or by calling (888) 827-7275.
ABOUT GOLUB CAPITAL BDC, INC.
Golub Capital BDC, Inc. principally invests in senior secured,
one stop, mezzanine and second lien loans of middle-market
companies that are, in most cases, sponsored by private equity
investors. Golub Capital BDC Inc.'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
With over $6 billion of capital
under management, Golub Capital is a leading provider of financing
solutions for the middle market, including one-loan financings
(through the firm's proprietary GOLD and MEGA GOLD facilities), senior, second lien, and
subordinated debt, preferred stock and co-investment equity. The
firm underwrites and syndicates senior credit facilities up to
$250 million. Golub Capital's hold
sizes range up to $200 million per
transaction.
Golub Capital has been a top 3 Traditional Middle Market
Bookrunner each year from 2008 through 1H 2012 for senior secured
loans of up to $100 million for
leveraged buyouts (according to Thomson Reuters LPC and internal
data; based on number of deals). In 2012, Golub Capital was awarded
the ACG New York Champion's Award for "Senior Lender Firm of the
Year." Golub Capital is a national firm with principal offices in
Chicago and New York. For more information, please visit
the firm's website at www.golubcapital.com.
FORWARD-LOOKING STATEMENTS
This press release may contain "forward-looking statements"
within the meaning of the Private Securities Litigation Reform Act
of 1995. Statements other than statements of historical facts
included in this press release may constitute forward-looking
statements and are not guarantees of future performance or results
and involve a number of risks and uncertainties. Actual results may
differ materially from those expressed or implied in the
forward-looking statements as a result of a number of factors,
including those described from time to time in filings with the
Securities and Exchange Commission. Golub Capital BDC, Inc.
undertakes no duty to update any forward-looking statement made
herein. All forward-looking statements speak only as of the date of
this press release.
SOURCE Golub Capital BDC, Inc.