Golub Capital Bdc (GBDC) has released an update to notify the public and investors about an entry into a material definitive agreement.
Golub Capital BDC, Inc. issued $600 million in 6.000% Notes due 2029 under an underwriting agreement with several financial institutions. The proceeds will repay existing debt and invest in portfolio companies, adhering to the company’s investment strategy. The notes, payable semi-annually, are unsecured and rank senior to future subordinated debt. The company may redeem the notes before maturity, with terms detailed in the Fifth Supplemental Indenture. The sale was part of a larger shelf registration statement and the transaction was completed on February 1, 2024.
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For a comprehensive understanding of the announcement, you can read the full document here.
