Golub Capital BDC, Inc. (NASDAQ: GBDC) announced it has priced an underwritten public offering of $500 million in aggregate principal amount of 6.250% notes due 2031.

The notes will mature on June 1, 2031 and may be redeemed in whole or in part at the company's option at any time prior to May 1, 2031, at par plus a make-whole premium, and thereafter at par.

Wells Fargo Securities, J.P. Morgan Securities, Santander US Capital Markets, SMBC Nikko Securities America, and Truist Securities are serving as joint book-running managers for the offering. The offering is expected to close on May 27, 2026, subject to customary closing conditions.

The company intends to use the net proceeds to repay a portion of outstanding indebtedness under its senior secured revolving credit facility with JPMorgan Chase Bank. The company may re-borrow under the JPM credit facility or borrow under its unsecured revolving credit facility with GC Advisors for general corporate purposes, which may include investing in portfolio companies.

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. The company invests primarily in one stop and other senior secured loans to middle-market companies often sponsored by private equity investors.

As of April 1, 2026, Golub Capital had over 1,000 employees and over $90 billion of capital under management, according to the company's statement.