Golub Capital BDC, Inc. Prices Public Offering Of 4,500,000 Shares
Of Common Stock
CHICAGO, Jan. 15, 2013 /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 4,500,000 shares of common stock at
$15.87 per share. Wells Fargo
Securities, Morgan Stanley and UBS Investment Bank are acting as
joint book-running managers for the offering. The co-managers are
RBC Capital Markets and Stifel Nicolaus Weisel. 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 January 18, 2013, subject to customary closing
conditions. The Company has also granted the underwriters an option
to purchase up to an additional 675,000 shares of common stock to
cover over-allotments, if any.
The Company intends to use the net proceeds from the offering to
invest in portfolio companies in accordance with its investment
objective and strategies and for general corporate purposes. A
portion of the net proceeds from the offering is expected to be
utilized to capitalize GC SBIC V, L.P., our wholly owned
subsidiary, following which we expect GC SBIC V, L.P. to issue
debentures and make investments in accordance with our investment
strategy. We may also use a portion of the net proceeds from the
offering to repay amounts outstanding under our 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 January 14, 2013 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, New York 10152, Attn:
Equity Syndicate or by e-mailing cmclientsupport@wellsfargo.com or
calling (800) 326-5897; Morgan Stanley & Co. LLC, 180 Varick
Street, 2nd Floor, New York, New
York, 10014, Attn: Prospectus Department or by e-mailing
prospectus@morganstanley.com or calling (866) 718-1649; 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 $7 billion of capital
under management, Golub Capital is a leading provider of financing
solutions for the middle market, including one stop 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 3Q 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" and "Lender Firm of the Year" by the M&A Advisor.
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.