• Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
Quantisnow Logo
  • Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
PublishDashboard
    Quantisnow Logo

    © 2025 quantisnow.com
    Democratizing insights since 2022

    Services
    Live news feedsRSS FeedsAlertsPublish with Us
    Company
    AboutQuantisnow PlusContactJobsAI employees
    Legal
    Terms of usePrivacy policyCookie policy

    Golub Capital BDC, Inc. Prices Public Offering of $150 Million 6.000% Notes Due 2029

    11/25/24 4:59:00 PM ET
    $GBDC
    Finance: Consumer Services
    Finance
    Get the next $GBDC alert in real time by email

    Golub Capital BDC, Inc. (the "Company," "we," "us" or "our"), a business development company (NASDAQ:GBDC), announced that it has priced an underwritten public offering of an additional $150 million in aggregate principal amount of 6.000% notes due 2029. The notes will mature on July 15, 2029 and may be redeemed in whole or in part at the Company's option at any time prior to June 15, 2029, at par plus a "make-whole" premium, and thereafter at par.

    The notes will constitute a further issuance of, have the same terms (except the issue date, the offering price and the initial interest payment date) as, rank equally in right of payment with, and be fungible and form a single series with the $600 million in aggregate principal amount of the 6.000% notes due 2029 that the Company initially issued on February 1, 2024. Upon the issuance of the notes, the outstanding aggregate principal amount of the Company's 6.000% notes due 2029 will be $750 million.

    SMBC Nikko Securities America, Inc., J.P. Morgan Securities LLC, Santander US Capital Markets LLC, Truist Securities, Inc., Capital One Securities, Inc., MUFG Securities Americas Inc., Regions Securities LLC, SG Americas Securities, LLC and Wells Fargo Securities, LLC are acting as joint book-running managers for this offering. BNP Paribas Securities Corp., CastleOak Securities, L.P., CIBC World Markets Corp., Comerica Securities, Inc., Goldman Sachs & Co. LLC, Morgan Stanley & Co. LLC, U.S. Bancorp Investments, Inc. and WauBank Securities LLC are acting as co-managers for the offering. The offering is expected to close on December 3, 2024, subject to customary closing conditions.

    The Company intends to use the net proceeds from this offering to repay outstanding indebtedness under the Company's senior secured revolving credit facility with JPMorgan Chase Bank, N.A. (the "JPM Credit Facility") or the $383.6 million term debt securitization issued by Golub Capital BDC 3 CLO 2 LLC, a Delaware limited liability company and indirect subsidiary of the Company, acquired as part of the Company's June 2024 acquisition of Golub Capital BDC 3, Inc. However, the Company may reborrow under the JPM Credit Facility for general corporate purposes, which may include investing in portfolio companies in accordance with its investment strategy.

    Investors are advised to carefully consider the investment objective, risks, charges and expenses of the Company before investing. The preliminary prospectus supplement dated November 25, 2024 and the accompanying prospectus dated June 9, 2022, 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 the notes 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 the accompanying prospectus may be obtained by calling SMBC Nikko Securities America, Inc. at 1-212-224-5135, J.P. Morgan Securities LLC at 1-212-834-4533, Santander US Capital Markets LLC at 1-855-403-3636 and Truist Securities, Inc. at 1-800-685-4786.

    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 experienced private credit manager. The firm specializes in delivering reliable, creative and compelling financing solutions to companies backed by private equity sponsors. Golub Capital's sponsor finance expertise also forms the foundation of its Broadly Syndicated Loan and Credit Opportunities investment programs. Golub Capital nurtures long-term, win-win partnerships that inspire repeat business from private equity sponsors and investors.

    As of October 1, 2024, Golub Capital had more than 1,000 employees and over $70 billion of capital under management, a gross measure of invested capital including leverage. The firm has offices in North America, Europe and Asia.

    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 the Company's notes offering, the expected net proceeds from the offering, and the anticipated use of the net proceeds of the offering. 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 other filings with the SEC. Other factors that could cause actual results to differ materially include: changes in the economy, financial and lending markets and geopolitical environment; changes in the markets in which we invest; changes in the interest rate environment and its impact on our business and our portfolio companies; the impact off elevated levels of inflation and its impact on our portfolio companies and the industries in which we invest; 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.

    View source version on businesswire.com: https://www.businesswire.com/news/home/20241125844170/en/

    Get the next $GBDC alert in real time by email

    Chat with this insight

    Save time and jump to the most important pieces.

    Q&A

    New
    • What recent financial action did Golub Capital BDC, Inc. announce?

      Golub Capital BDC, Inc. has priced an additional $150 million public offering of 6.000% notes due 2029.

    • How much will the total outstanding amount of 6.000% notes due 2029 be after the new offering?

      The additional notes will bring the total outstanding amount of 6.000% notes due 2029 to $750 million.

    • What does Golub Capital plan to do with the net proceeds from this offering?

      The Company intends to use the net proceeds to repay outstanding indebtedness under its JPM Credit Facility or its term debt securitization.

    • When is the expected closing date of the offering?

      The offering is expected to close on December 3, 2024, subject to customary closing conditions.

    • What should investors do before investing in Golub Capital's new notes offering?

      Investors are advised to read the preliminary prospectus supplement and accompanying prospectus before investing, as these documents contain important information about risks and charges.

    Recent Analyst Ratings for
    $GBDC

    DatePrice TargetRatingAnalyst
    5/8/2024Outperform → Mkt Perform
    Raymond James
    3/25/2024Neutral → Buy
    BofA Securities
    8/9/2023$15.50Mkt Perform → Outperform
    Raymond James
    4/18/2023$12.25Overweight → Equal Weight
    Wells Fargo
    12/1/2021$17.50 → $16.75Overweight
    Wells Fargo
    9/22/2021$16.00Accumulate → Outperform
    Oppenheimer
    More analyst ratings

    $GBDC
    Press Releases

    Fastest customizable press release news feed in the world

    See more
    • Golub Capital BDC, Inc. Announces Fiscal Year 2025 Second Quarter Financial Results

      Declares Quarterly Distribution of $0.39 Per Share Golub Capital BDC, Inc., a business development company (NASDAQ:GBDC), today announced its financial results for its second fiscal quarter ended March 31, 2025. Except where the context suggests otherwise, the terms "we," "us," "our," and "Company" refer to Golub Capital BDC, Inc. and its consolidated subsidiaries. "GC Advisors" refers to GC Advisors LLC, our investment adviser. SELECTED FINANCIAL HIGHLIGHTS         (in thousands, except per share data)             March 31, 2025   December 31, 2024 Investment portfolio, at fair value   $ 8,621,220     $ 8,685,231   To

      5/5/25 4:10:00 PM ET
      $GBDC
      Finance: Consumer Services
      Finance
    • Golub Capital BDC, Inc. Schedules Release of Fiscal Year 2025 Second Quarter Results

      Golub Capital BDC, Inc., a business development company (NASDAQ:GBDC, www.golubcapitalbdc.com)), announced today that it will report its financial results for the quarter ended March 31, 2025 on Monday, May 5, 2025 after the close of the financial markets. Golub Capital BDC, Inc. will host an earnings conference call at 12:00 p.m. (Eastern Time) on Tuesday, May 6, 2025 to discuss its quarterly financial results. All interested parties may participate in the conference call by dialing (888) 596-4144 approximately 10-15 minutes prior to the call; international callers should dial (646) 968-2525. Participants should reference Golub Capital BDC, Inc. when prompted. An archived replay of the c

      4/4/25 9:00:00 AM ET
      $GBDC
      Finance: Consumer Services
      Finance
    • Golub Capital BDC, Inc. Announces Fiscal Year 2025 First Quarter Financial Results

      Declares Quarterly Distribution of $0.39 Per Share Golub Capital BDC, Inc., a business development company (NASDAQ:GBDC), today announced its financial results for its first fiscal quarter ended December 31, 2024. Except where the context suggests otherwise, the terms "we," "us," "our," and "Company" refer to Golub Capital BDC, Inc. and its consolidated subsidiaries. "GC Advisors" refers to GC Advisors LLC, our investment adviser. SELECTED FINANCIAL HIGHLIGHTS                   (in thousands, except per share data)             December 31, 2024   September 30, 2024 Investment port

      2/4/25 4:30:00 PM ET
      $GBDC
      Finance: Consumer Services
      Finance

    $GBDC
    Analyst Ratings

    Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

    See more
    • Golub Capital downgraded by Raymond James

      Raymond James downgraded Golub Capital from Outperform to Mkt Perform

      5/8/24 6:24:36 AM ET
      $GBDC
      Finance: Consumer Services
      Finance
    • Golub Capital upgraded by BofA Securities

      BofA Securities upgraded Golub Capital from Neutral to Buy

      3/25/24 8:43:32 AM ET
      $GBDC
      Finance: Consumer Services
      Finance
    • Golub Capital upgraded by Raymond James with a new price target

      Raymond James upgraded Golub Capital from Mkt Perform to Outperform and set a new price target of $15.50

      8/9/23 6:40:19 AM ET
      $GBDC
      Finance: Consumer Services
      Finance

    $GBDC
    Insider Trading

    Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

    See more
    • Chairman Golub Lawrence E sold $91,687,363 worth of shares (6,059,971 units at $15.13), bought $91,687,363 worth of shares (6,059,971 units at $15.13) and gifted 6,059,971 shares (SEC Form 4)

      4 - GOLUB CAPITAL BDC, Inc. (0001476765) (Issuer)

      5/29/25 4:55:23 PM ET
      $GBDC
      Finance: Consumer Services
      Finance
    • Chief Executive Officer Golub David sold $91,687,363 worth of shares (6,059,971 units at $15.13), bought $91,687,363 worth of shares (6,059,971 units at $15.13) and gifted 6,059,971 shares (SEC Form 4)

      4 - GOLUB CAPITAL BDC, Inc. (0001476765) (Issuer)

      5/29/25 4:52:38 PM ET
      $GBDC
      Finance: Consumer Services
      Finance
    • New insider Kit Wu Kwan claimed ownership of 20,547 shares (SEC Form 3)

      3 - GOLUB CAPITAL BDC, Inc. (0001476765) (Issuer)

      5/5/25 6:10:57 PM ET
      $GBDC
      Finance: Consumer Services
      Finance

    $GBDC
    Large Ownership Changes

    This live feed shows all institutional transactions in real time.

    See more
    • SEC Form SC 13G/A filed by Golub Capital BDC Inc. (Amendment)

      SC 13G/A - GOLUB CAPITAL BDC, Inc. (0001476765) (Subject)

      1/19/23 3:04:53 PM ET
      $GBDC
      Finance: Consumer Services
      Finance
    • SEC Form SC 13G/A filed by Golub Capital BDC, Inc. (Amendment)

      SC 13G/A - GOLUB CAPITAL BDC, Inc. (0001476765) (Subject)

      1/13/22 4:13:46 PM ET
      $GBDC
      Finance: Consumer Services
      Finance
    • SEC Form SC 13G/A filed by Golub Capital BDC, Inc. (Amendment)

      SC 13G/A - GOLUB CAPITAL BDC, Inc. (0001476765) (Subject)

      1/5/22 4:07:49 PM ET
      $GBDC
      Finance: Consumer Services
      Finance

    $GBDC
    Insider Purchases

    Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.

    See more
    • Chairman Golub Lawrence E sold $91,687,363 worth of shares (6,059,971 units at $15.13), bought $91,687,363 worth of shares (6,059,971 units at $15.13) and gifted 6,059,971 shares (SEC Form 4)

      4 - GOLUB CAPITAL BDC, Inc. (0001476765) (Issuer)

      5/29/25 4:55:23 PM ET
      $GBDC
      Finance: Consumer Services
      Finance
    • Chief Executive Officer Golub David sold $91,687,363 worth of shares (6,059,971 units at $15.13), bought $91,687,363 worth of shares (6,059,971 units at $15.13) and gifted 6,059,971 shares (SEC Form 4)

      4 - GOLUB CAPITAL BDC, Inc. (0001476765) (Issuer)

      5/29/25 4:52:38 PM ET
      $GBDC
      Finance: Consumer Services
      Finance
    • Amendment: Director Rival Anita J. bought $50,295 worth of shares (3,500 units at $14.37) (SEC Form 4)

      4/A - GOLUB CAPITAL BDC, Inc. (0001476765) (Issuer)

      12/6/24 4:17:23 PM ET
      $GBDC
      Finance: Consumer Services
      Finance

    $GBDC
    Financials

    Live finance-specific insights

    See more
    • Golub Capital BDC, Inc. Announces Fiscal Year 2025 Second Quarter Financial Results

      Declares Quarterly Distribution of $0.39 Per Share Golub Capital BDC, Inc., a business development company (NASDAQ:GBDC), today announced its financial results for its second fiscal quarter ended March 31, 2025. Except where the context suggests otherwise, the terms "we," "us," "our," and "Company" refer to Golub Capital BDC, Inc. and its consolidated subsidiaries. "GC Advisors" refers to GC Advisors LLC, our investment adviser. SELECTED FINANCIAL HIGHLIGHTS         (in thousands, except per share data)             March 31, 2025   December 31, 2024 Investment portfolio, at fair value   $ 8,621,220     $ 8,685,231   To

      5/5/25 4:10:00 PM ET
      $GBDC
      Finance: Consumer Services
      Finance
    • Golub Capital BDC, Inc. Schedules Release of Fiscal Year 2025 Second Quarter Results

      Golub Capital BDC, Inc., a business development company (NASDAQ:GBDC, www.golubcapitalbdc.com)), announced today that it will report its financial results for the quarter ended March 31, 2025 on Monday, May 5, 2025 after the close of the financial markets. Golub Capital BDC, Inc. will host an earnings conference call at 12:00 p.m. (Eastern Time) on Tuesday, May 6, 2025 to discuss its quarterly financial results. All interested parties may participate in the conference call by dialing (888) 596-4144 approximately 10-15 minutes prior to the call; international callers should dial (646) 968-2525. Participants should reference Golub Capital BDC, Inc. when prompted. An archived replay of the c

      4/4/25 9:00:00 AM ET
      $GBDC
      Finance: Consumer Services
      Finance
    • Golub Capital BDC, Inc. Announces Fiscal Year 2025 First Quarter Financial Results

      Declares Quarterly Distribution of $0.39 Per Share Golub Capital BDC, Inc., a business development company (NASDAQ:GBDC), today announced its financial results for its first fiscal quarter ended December 31, 2024. Except where the context suggests otherwise, the terms "we," "us," "our," and "Company" refer to Golub Capital BDC, Inc. and its consolidated subsidiaries. "GC Advisors" refers to GC Advisors LLC, our investment adviser. SELECTED FINANCIAL HIGHLIGHTS                   (in thousands, except per share data)             December 31, 2024   September 30, 2024 Investment port

      2/4/25 4:30:00 PM ET
      $GBDC
      Finance: Consumer Services
      Finance

    $GBDC
    SEC Filings

    See more
    • Golub Capital BDC Inc. filed SEC Form 8-K: Other Events

      8-K - GOLUB CAPITAL BDC, Inc. (0001476765) (Filer)

      5/29/25 4:56:20 PM ET
      $GBDC
      Finance: Consumer Services
      Finance
    • SEC Form APP NTC filed by Golub Capital BDC Inc.

      APP NTC - GOLUB CAPITAL BDC, Inc. (0001476765) (Filer)

      5/22/25 4:24:36 PM ET
      $GBDC
      Finance: Consumer Services
      Finance
    • Golub Capital BDC Inc. filed SEC Form 8-K: Entry into a Material Definitive Agreement, Financial Statements and Exhibits

      8-K - GOLUB CAPITAL BDC, Inc. (0001476765) (Filer)

      5/16/25 5:03:47 PM ET
      $GBDC
      Finance: Consumer Services
      Finance