Golub Capital Business Development Company completes $250 million public share sale
Golub Capital BDC, Inc., a leading publicly traded business development company (BDC) with the NASDAQ ticker symbol GBDC, has announced a public offering of $250 million in 7.050% notes due 2028.
The notes will be senior unsecured obligations of Golub Capital BDC and will bear interest at a rate of 7.050% per annum. The company has priced the notes offering at 99.755% of the aggregate principal amount.
The expected settlement date for the notes is September 20, 2021, with the initial guaranteed settlement date set for September 16, 2021. The maturity date for the notes is December 5, 2028.
Interest on the notes will be payable semi-annually. The notes can be redeemed in whole or in part.
Golub Capital BDC may also use a portion of the net proceeds to repay outstanding indebtedness. The company intends to use the net proceeds from the offering for general corporate purposes.
The net proceeds from the offering are expected to be approximately $244.8 million. The notes will be listed on the New York Stock Exchange under the symbol "GBDC P."
The notes offering is underwritten, with further details to be provided in a prospectus supplement and accompanying base prospectus, which will be filed with the Securities and Exchange Commission (SEC).
It is important to note that this announcement does not constitute an offer to sell or the solicitation of an offer to buy the notes, nor shall there be any sale of the notes in any jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction.
Investors should consider the investment objectives, risks, and charges and expenses carefully before investing. The prospectus supplement, when available, will contain this and other information about the notes and the company. Investors should read the prospectus supplement and the accompanying base prospectus carefully before investing.
This news article is for informational purposes only and should not be considered as investment advice. It is recommended to consult with a financial advisor before making any investment decisions.
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