Golub Capital aims to purchase bank loans with proceeds from IPO

By Devika Patel

Knoxville, Tenn., Nov. 23 - Golub Capital BDC LLC said it will use the proceeds from its planned $150 million initial public offering of shares to repay existing debt and invest in portfolio companies.

Golub Capital is an externally managed, closed-end, non-diversified management investment company based in Chicago that invests primarily in mezzanine, one-stop, second-lien and senior secured loans of U.S. middle-market companies.

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