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Golub Capital BDC Announces Public Offering

CHICAGO, Sept. 11, 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 3,000,000 shares of its common stock.  The Company also plans to grant the underwriters an option to purchase up to an additional 450,000 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 Keefe, Bruyette & Woods, a Stifel company, and RBC Capital Markets.  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., the Company's wholly owned subsidiary, following which the Company expects GC SBIC V, L.P. to issue debentures and make investments in accordance with the Company's investment strategy.  A portion of the net proceeds from the offering is also expected to be utilized to capitalize Senior Loan Fund LLC.  Senior Loan Fund LLC is an unconsolidated Delaware limited liability company that invests in senior secured loans of middle market companies and is co-managed by the Company and United Insurance Company.  The Company may also use a portion of the net proceeds from the offering to repay amounts outstanding under its 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 September 11, 2013 and the accompanying prospectus dated April 29, 2013, 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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