Unassociated Document
Filed
pursuant to Rule 497(a)(1)
File No.
333-163279
Rule 482
Ad.
Golub
Capital BDC Prices Initial Public Offering
NEW YORK,
NY – April 15, 2010 – Golub Capital BDC, Inc. (the “Company”) (NASDAQ: GBDC)
announced today the pricing of the initial public offering of 7,100,000 shares
of its common stock at a public offering price of $14.50 per share, raising
approximately $103.0 million in gross proceeds. The Company has granted the
underwriters an option to purchase up to an additional 1,065,000 shares of
common stock. The Company’s common stock is expected to begin trading on The
Nasdaq Global Select Market under the symbol “GBDC” on April 15,
2010. Wells Fargo Securities, LLC and UBS Investment Bank are acting
as joint bookrunning underwriters. Stifel, Nicolaus & Company,
Incorporated, BMO Capital Markets Corp., RBC Capital Markets Corporation and
Janney Montgomery Scott LLC are acting as co-managers. The
closing of the transaction is subject to customary closing
conditions. The shares are expected to be delivered on April 20,
2010.
The
Company expects to use the net proceeds to repay certain amounts outstanding
under its existing credit facility and to invest the balance of the net proceeds
in portfolio companies in accordance with its investment objective and
strategies and for general corporate purposes.
Investors
are advised to carefully consider the investment objectives, risks and charges
and expenses of the Company before investing. The preliminary prospectus dated
April 5, 2010 contains this and other information about the Company and should
be read carefully before investing.
This
press release does not constitute an offer to sell or the solicitation of an
offer to buy nor will there be any sale of the shares referred to in this press
release in any state or jurisdiction in which such offer, solicitation or sale
would be unlawful prior to the registration or qualification under the
securities laws of such state or jurisdiction. A registration statement relating
to these securities was filed and has been declared effective by the Securities
and Exchange Commission. This offering is being made solely by means
of a written prospectus forming part of the effective registration statement.
A copy of the final prospectus
relating to the offering may be obtained, when available, from any of the
following investment banks: Wells Fargo Securities, LLC, 375 Park
Avenue, New York, NY 10152-4077, equity.syndicate@wachovia.com, or UBS
Investment Bank, 299 Park Avenue, New York, NY 10171, Attn: Prospectus
Department, or by calling Wells Fargo Securities, LLC at (800) 326-5897 or UBS
Investment Bank at (888) 827-7275 ext. 3884.
ABOUT
GOLUB CAPITAL BDC, INC.
The
Company is a business development company that principally invests in senior
secured, unitranche, mezzanine and second lien loans of middle-market companies
that are, in most cases, sponsored by private equity investors. The
Company’s investment activities are managed by its investment adviser, GC
Advisors LLC, an affiliate of Golub Capital.
ABOUT
GOLUB CAPITAL
Golub
Capital, founded in 1994, is a leading lender to middle-market companies.
Reuters Loan Pricing Corporation ranked Golub Capital as the leading senior
lender for middle-market leveraged buyouts (defined as total debt financing of
under $100 million) in 2009, based both on deal value and number of deals. As of
December 31, 2009, Golub Capital managed over $4.0 billion of capital, with a
team of 47 investment professionals dedicated to U.S. middle-market lending in
New York, Chicago and Atlanta.
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 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. The Company 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.