By Wendy Van Sickle
Columbus, Ohio, Feb. 17 – Golub Capital BDC, Inc. priced $400 million of 2.5% notes due Aug. 24, 2026 (BBB-/BBB-) on Wednesday at a spread of Treasuries plus 200 basis points, according to an FWP filing with the Securities and Exchange Commission.
Initial price talk was in the Treasuries plus 240 bps area.
The issue was sold at 99.699 to yield 2.559%.
SMBC Nikko Securities America, Inc., J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, MUFG and SG Americas Securities, LLC were the bookrunners.
Proceeds will be used to repay outstanding debt, including revolving credit facility borrowings, and for general corporate purposes.
The business development company is based in New York.
Issuer: | Golub Capital BDC, Inc.
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Amount: | $400 million
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Description: | Notes
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Maturity: | Aug. 24, 2026
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Bookrunners: | SMBC Nikko Securities America, Inc., J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, MUFG and SG Americas Securities, LLC
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Coupon: | 2.5%
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Price: | 99.699
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Yield: | 2.559%
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Spread: | Treasuries plus 200 bps
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Call features: | Make-whole call at price equal to greater of par or Treasuries plus 30 bps before July 24, 2026; thereafter at par
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Change-of-control put: | Par
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Trade date: | Feb. 17
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Settlement date: | Feb. 24
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Ratings: | S&P: BBB-
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| Fitch: BBB-
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Distribution: | SEC registered
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Price guidance: | Treasuries plus 240 bps area
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Marketing: | Online roadshow
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