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Golub Capital BDC Announces Public Offering

CHICAGO, Jan. 14, 2013 /PRNewswire/ -- Golub Capital BDC, Inc. (the "Company"), a business development company (NASDAQ: GBDC, www.golubcapitalbdc.com), announced that it plans to make a public offering of 4,500,000 shares of its common stock.  The Company also plans to grant the underwriters an option to purchase up to an additional 675,000 shares of common stock to cover over-allotments, if any. Wells Fargo Securities, Morgan Stanley and UBS Investment Bank are acting as joint book-running managers for the offering. The co-managers are RBC Capital Markets and Stifel Nicolaus Weisel. 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 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. A portion of the net proceeds from the offering is expected to be utilized to capitalize GC SBIC V, L.P., our wholly owned subsidiary, following which we expect GC SBIC V, L.P. to issue debentures and make investments in accordance with our investment strategy.  We may also use a portion of the net proceeds from the offering to repay amounts outstanding under our credit facility.

Investors are advised to carefully consider the investment objective, risks, charges and expenses of the Company before investing.  The preliminary prospectus supplement dated January 14, 2013 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 preliminary prospectus supplement, the accompanying prospectus and this press release is not complete and may be changed.  The preliminary 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.

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