CHICAGO, April 10, 2015 /PRNewswire/ -- Golub Capital
BDC, Inc. (the "Company"), a business development company (NASDAQ:
GBDC), announced that it has priced an underwritten, public
offering of 3,500,000 shares of its common stock at a public
offering price of $17.42 per share.
Wells Fargo Securities, BofA Merrill Lynch and UBS Investment Bank
are acting as joint book-running managers for the offering. The
lead managers are Raymond James and
Keefe, Bruyette & Woods, a Stifel company. 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 April 15, 2015, subject to customary closing
conditions. The Company has also granted the underwriters an option
to purchase up to an additional 525,000 shares of common stock.
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. The
Company will also pay operating expenses, including management and
administrative fees, and may pay other expenses such as due
diligence expenses relating to potential new investments, from the
net proceeds of the offering. A portion of the net proceeds from
the offering may be utilized to capitalize Senior Loan Fund LLC,
an unconsolidated Delaware limited liability company that
invests in senior secured loans of middle-market companies and is
co-managed by the Company and RGA Reinsurance 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 April 9, 2015 and the accompanying prospectus
dated February 3, 2015, 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 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, Attn: Equity
Syndicate, 375 Park Avenue, 4th Floor, New York, New York 10152, 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 UBS Investment Bank, Attn:
Prospectus Department, 1285 Avenue of the Americas, New York, NY 10019, or by calling (888)
827-7275.
About Golub Capital BDC, Inc.
Golub Capital BDC, Inc. ("Golub Capital BDC") 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. Golub
Capital BDC invests primarily in senior secured, one stop, second
lien and subordinated loans of middle-market companies that are
often sponsored by private equity investors. Golub Capital BDC'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 nationally recognized credit asset manager
with over $10 billion of capital
under management. Golub Capital has three highly complementary
business lines: Middle Market Lending, Broadly Syndicated Loans and
Opportunistic Credit. Golub Capital's lending offices are located
in Chicago, New York and San
Francisco.
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.
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SOURCE Golub Capital BDC, Inc.