CHICAGO, March 17, 2014 /PRNewswire/ -- Golub Capital
BDC, Inc. (the "Company"), a business development company (NASDAQ:
GBDC, www.golubcapitalbdc.com), announced that it plans to make a
public offering of 3,500,000 shares of its common stock. The
Company also plans to grant the underwriters an option to purchase
up to an additional 525,000 shares of common stock. Wells
Fargo Securities, BofA Merrill Lynch and Morgan Stanley are acting
as joint book-running managers for the offering. The
co-managers are Keefe, Bruyette & Woods, a Stifel company, and
Raymond James. 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 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
facilities.
Investors are advised to carefully consider the investment
objective, risks, charges and expenses of the Company before
investing. The preliminary prospectus supplement dated
March 17, 2014 and the accompanying
prospectus dated March 14, 2014,
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; BofA
Merrill Lynch, 222 Broadway, New York,
NY 10038, Attn: Prospectus Department or by emailing
dg.prospectus_requests@baml.com; or 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.
ABOUT GOLUB CAPITAL BDC, INC.
Golub Capital BDC, Inc. invests primarily in senior secured, one
stop, second lien and subordinated loans of, and warrants and
minority equity securities in, 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 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 MiniGOLD, GOLD, and MegaGOLD
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 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 2013, Golub Capital was awarded
Finance Monthly's Global Awards 2013 "Credit Asset Manager of the
Year," and DealMakers M&A Awards 2013 "Middle Market Lender of
the Year." In 2012, Golub Capital was awarded ACG New York
Champion's Award for "Senior Lender Firm of the Year" and the
M&A Advisor award for "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.