Filing by Certain Investment Companies of Rule 482 Advertising in Accordance With Rule 497 and the Note to Rule 482(e) (497ad)
February 17 2021 - 05:27PM
Edgar (US Regulatory)
Filed pursuant to Rule 497(a)
Registration No. 333-232387
Rule 482ad
Golub
Capital BDC, Inc. Prices Public Offering of $400 Million 2.500%
Notes Due 2026
NEW
YORK, NY, February 17, 2021 – Golub Capital BDC,
Inc. (the “Company,” “we,” “us” or “our”), a business development
company (NASDAQGS: GBDC), announced that it has priced an
underwritten public offering of $400 million in aggregate principal
amount of 2.500% notes due 2026. The notes will mature on August
24, 2026 and may be redeemed in whole or in part at the Company’s
option at any time at par plus a “make-whole” premium, if
applicable.
SMBC Nikko Securities America, Inc., J.P. Morgan Securities LLC,
Morgan Stanley & Co. LLC, MUFG Securities Americas Inc. and SG
Americas Securities, LLC are acting as joint book-running managers
for this offering. The offering is expected to close on February
24, 2021, subject to customary closing conditions.
The Company expects to use the net proceeds of this offering
primarily to initially repay outstanding indebtedness. The
indebtedness the Company may repay with the net proceeds of this
offering includes amounts outstanding under its revolving credit
facilities. The Company may reborrow under its revolving credit
facilities for general corporate purposes, which may include
repaying some of the debentures of the Company’s small business
investment company subsidiaries and investing in portfolio
companies in accordance with its investment strategy.
Investors are advised to carefully consider the investment
objectives, risks, charges and expenses of the Company before
investing. The preliminary prospectus supplement dated February 17,
2021 and the accompanying prospectus dated June 26, 2019, each of
which have been filed with the Securities and Exchange Commission
(the “SEC”), contain this and other information about the Company
and should be read carefully before investing.
The pricing term sheet, 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 jurisdiction 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 the
preliminary prospectus supplement (and accompanying prospectus) may
be obtained from SMBC Nikko Securities America, Inc., 277 Park
Avenue, New York, New York 10172, Attn: Debt Capital Markets,
email:prospectus@smbcnikko-si.com. or J.P. Morgan Securities LLC,
383 Madison Avenue, New York, New York 10179, Attn: Investment
Grade Syndicate Desk, facsimile: 212-834-6081.
ABOUT GOLUB CAPITAL BDC, INC.
The Company 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, as amended. The Company invests primarily in one-stop and
other senior secured loans of U.S. middle-market companies that are
often sponsored by private equity investors. The Company’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 market-leading, award-winning direct lender and
credit asset manager, with over $35 billion of capital under
management. Golub Capital specializes in delivering reliable,
creative and compelling financing solutions to middle market
companies backed by private equity sponsors. The firm’s credit
expertise also forms the foundation of its Late Stage Lending
business and its Broadly Syndicated Loan investment program. Across
its activities, Golub Capital nurtures long-term, win-win
partnerships that inspire repeat business from its private equity
sponsor clients and investors. Founded over 25 years ago, Golub
Capital today has over 500 employees and lending offices in
Chicago, New York, San Francisco and London.
Forward-Looking
Statements
Some of the statements in this press release constitute
forward-looking statements because they relate to future events or
our future performance or financial condition. The forward-looking
statements may include statements as to: our future operating
results and distribution projections; our business prospects and
the prospects of our portfolio companies; and the impact of the
investments that we expect to make. In addition, words such as
“anticipate,” “believe,” “expect,” “seek,” “plan,” “should,”
“estimate,” “project” and “intend” indicate forward-looking
statements, although not all forward-looking statements include
these words. The forward-looking statements contained in this press
release involve risks and uncertainties. Our actual results could
differ materially from those implied or expressed in the
forward-looking statements for any reason, including the factors
set forth in “Risk Factors” and elsewhere in our annual report on
Form 10-K and our quarterly report on Form 10-Q. Other factors that
could cause actual results to differ materially include: changes in
the economy, financial markets and political environment; risks
associated with possible disruption in or impact on our business
and operations, our portfolio companies’ business and operations,
the economy or financial markets generally due to terrorism,
natural disasters, or health pandemics, including the COVID-19
pandemic; future changes in laws or regulations (including the
interpretation of these laws and regulations by regulatory
authorities) and conditions in our operating areas, particularly
with respect to business development companies or regulated
investment companies; and other considerations that may be
disclosed from time to time in our publicly disseminated documents
and filings.
We have based the forward-looking statements included in this press
release on information available to us on the date of this press
release, and we assume no obligation to update any such
forward-looking statements. Although we undertake no obligation to
revise or update any forward-looking statements, whether as a
result of new information, future events or otherwise, you are
advised to consult any additional disclosures that we may make
directly to you or through reports that we in the future may file
with the SEC, including annual reports on Form 10-K, quarterly
reports on Form 10-Q and current reports on Form 8-K.
Investor Contact:
Ross Teune
312-284-0111
rteune@golubcapital.com
Source: Golub Capital BDC, Inc.