Golub talks $300 million notes due 2027 at 180 bps area spread

By Devika Patel

Knoxville, Tenn., July 27 – Golub Capital BDC, Inc. is marketing $300 million of senior notes (Baa3/BBB-/BBB-) due Feb. 15, 2027, according to a 497AD filing with the Securities and Exchange Commission.

Initial talk was in the Treasuries plus 180 basis points area.

The notes initially may be redeemed at the greater of a par call and a make-whole call until one month prior to maturity, then feature a par call.

SMBC Nikko Securities America Inc. and J.P. Morgan Securities LLC are the bookrunners.

Proceeds will be used to repay debt.

The business development company is based in New York.

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