GBDC enters $250M at-the-market equity distribution agreement with KBW, Regions Securities

GOLUB CAPITAL BDC, Inc.

May sell up to $250M of common stock in at-the-market offerings through placement agents KBW and Regions Securities.
Placement agents receive up to 1.50% commission on gross sales price; proceeds for general corporate purposes.
Sales depend on market conditions and GBDC's discretion; timing and amounts undetermined.
Equity Distribution Agreement dated October 6, 2023, filed as Exhibit 1.1.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

GOLUB CAPITAL BDC, Inc. entered into Equity Distribution Agreement with Keefe, Bruyette & Woods, Inc. and Regions Securities LLC valued at up to $250.0 million (effective 2023-10-06).

Action: entry
Agreement: atm program
Counterparty: Keefe, Bruyette & Woods, Inc. and Regions Securities LLC
Value: up to $250.0 million
Effective: 2023-10-06

Exact text from the filing

On October 6, 2023, Golub Capital BDC, Inc. (“GBDC”) entered into an equity distribution agreement (the “Equity Distribution Agreement”), by and among GBDC, GC Advisors LLC, Golub Capital LLC, Keefe, Bruyette & Woods, Inc. and Regions Securities LLC (the “Placement Agents”) in connection with the sale by GBDC of shares of its common stock, par value $0.001 per share (the “Shares”), having an aggregate offering price of up to $250.0 million

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GOLUB CAPITAL BDC, Inc. filing history →

Source: SEC EDGAR

accession 0001104659-23-108308

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