Golub Capital BDC (GBDC) said late Monday it priced a $150 million public offering of 6% notes due July 15, 2029.
The new notes will be issued as an addition to the existing $600 million 6% notes due 2029, originally issued on Feb. 1, sharing the same terms except for the issue date, offering price, and initial interest payment date.
This issuance will bring the total outstanding principal of the 6% notes due 2029 to $750 million, according to the company.
The company expects the offering to close Dec. 3 and plans to use the net proceeds to repay outstanding debt under its senior secured revolving credit facility with JPMorgan Chase Bank, among other things.
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