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Golub Capital BDC, Inc. Prices Public Offering Of 3,500,000 Shares Of Its Common Stock

CHICAGO, Jan. 31, 2012 /PRNewswire/ -- Golub Capital BDC, Inc. (the "Company"), a business development company (NASDAQ: GBDC, www.golubcapitalbdc.com), announced that it has priced an underwritten public offering of 3,500,000 shares of common stock at $15.35 per share.  Wells Fargo Securities and UBS Investment Bank are acting as joint book-running managers for the offering. The offering of the shares will be made under the Company's shelf registration statement, which was filed with, and declared effective by, the Securities and Exchange Commission.

The offering is expected to close on February 3, 2012, subject to customary closing conditions. The Company has also granted the underwriters an option to purchase up to an additional 525,000 shares of common stock to cover over-allotments, if any. 

The Company intends to use the net proceeds from the offering to invest in portfolio companies in accordance with its investment objective and strategies and for general corporate purposes.

Investors are advised to carefully consider the investment objective, risks, charges and expenses of the Company before investing.  The prospectus supplement dated January 31, 2012 and the accompanying prospectus dated January 30, 2012, which have been filed with the Securities and Exchange Commission, contain this and other information about the Company and should be read carefully before investing.

The information in the prospectus supplement, the accompanying prospectus and this press release is not complete and may be changed.  The 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 such securities in any state where such offer and sale is not permitted.

The offering may be made only by means of a prospectus supplement and an accompanying prospectus, copies of which may be obtained from Wells Fargo Securities, 375 Park Avenue, 4th Floor, New York, NY 10152, Attn: Equity Syndicate or by e-mailing cmclientsupport@wellsfargo.com or calling (800) 326-5897, or UBS Investment Bank, 299 Park Ave., New York, New York 10171, Attn: Prospectus Department or by calling (888) 827-7275.

ABOUT GOLUB CAPITAL BDC, INC.

Golub Capital BDC, Inc. principally invests in senior secured, unitranche, mezzanine and second lien loans of middle-market companies that are, in most cases, sponsored by private equity investors. Golub Capital BDC, Inc.'s investment activities are managed by its investment adviser, GC Advisors LLC, an affiliate of the Golub Capital group of companies ("Golub Capital").

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