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Golub Capital BDC (GBDC) Annouces 4.5M Common Offering

January 14, 2013 4:35 PM EST Send to a Friend
Golub Capital BDC, Inc. (NASDAQ: GBDC), announced that it plans to make a public offering of 4,500,000 shares of its common stock. The Company also plans to grant the underwriters an option to purchase up to an additional 675,000 shares of common stock to cover over-allotments, if any. Wells Fargo Securities, Morgan Stanley and UBS Investment Bank are acting as joint book-running managers for the offering. The co-managers are RBC Capital Markets and Stifel Nicolaus Weisel. 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., our wholly owned subsidiary, following which we expect GC SBIC V, L.P. to issue debentures and make investments in accordance with our investment strategy. We may also use a portion of the net proceeds from the offering to repay amounts outstanding under our credit facility.




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Stifel Nicolaus, UBS, Morgan Stanley, RBC Capital, Golub Capital, Wells Fargo

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