CHICAGO, Sept. 12, 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 3,000,000 shares of common stock
at a public offering price of $16.95
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 Keefe, Bruyette & Woods, a
Stifel company, and RBC Capital Markets. 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 September 17, 2013, subject to customary closing
conditions. The Company has also granted the underwriters an option
to purchase up to an additional 450,000 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., the Company's wholly owned
subsidiary, following which the Company expects GC SBIC V, L.P. to
issue debentures and make investments in accordance with the
Company's investment strategy. A portion of the net proceeds
from the offering is also expected to be utilized to capitalize
Senior Loan Fund LLC. Senior Loan Fund LLC is an
unconsolidated Delaware limited
liability company that invests in senior secured loans of middle
market companies and is co-managed by the Company and United
Insurance Company. The Company may also use a portion of the
net proceeds from the offering to repay amounts outstanding under
its 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
September 11, 2013 and the
accompanying prospectus dated April 29,
2013, 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 preliminary prospectus supplement, the
accompanying prospectus and this press release is not complete and
may be changed. 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 state 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
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 Securities LLC, 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, subordinated 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 $8.0 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 MiniGOLD, 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
$300 million. Golub Capital's hold
sizes range up to $250 million per
transaction.
Golub Capital has been a Top 3 Traditional Middle Market
Bookrunner each year from 2008 through 2Q 2013 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 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.