Golub Capital BDC, Inc. Prices Public Offering of $600 Million 6.000% Notes Due 2029

Golub Capital BDC, Inc. (the “Company,” “we,” “us” or “our”), a business development company (Nasdaq: GBDC), announced that it has priced an underwritten public offering of $600 million in aggregate principal amount of 6.000% notes due 2029. The notes will mature on July 15, 2029 and may be redeemed in whole or in part at the Company’s option at any time prior to June 15, 2029, at par plus a “make-whole” premium, and thereafter at par.

Wells Fargo Securities, LLC, J.P. Morgan Securities LLC, SMBC Nikko Securities America, Inc., Goldman Sachs & Co. LLC, Morgan Stanley & Co. LLC, MUFG Securities Americas Inc., Regions Securities LLC, Santander US Capital Markets LLC and SG Americas Securities, LLC are acting as joint book-running managers for this offering. Academy Securities, Inc., Capital One Securities, Inc., CIBC World Markets Corp., Comerica Securities, Inc., Oppenheimer & Co. Inc. and WauBank Securities LLC are acting as co-managers for the offering. The offering is expected to close on February 1, 2024, subject to customary closing conditions.

The Company expects to use the net proceeds of this offering to repay outstanding indebtedness under the Company’s senior secured revolving credit facility with JPMorgan Chase Bank, N.A. (the “JPM Credit Facility”) and to pay off the Company’s 3.375% notes due 2024 at, or, if the Company elects to exercise an optional redemption prior to, their scheduled maturity on April 15, 2024. However, through re-borrowing under the JPM Credit Facility, we intend to invest in portfolio companies in accordance with the Company’s investment strategy and for general corporate purposes.

Investors are advised to carefully consider the investment objective, risks, charges and expenses of the Company before investing. The preliminary prospectus supplement dated January 29, 2024 and the accompanying prospectus dated June 9, 2022, each of which have been filed with the Securities and Exchange Commission (the “SEC”), contain this and other information about the Company and should be read carefully before investing.

The pricing term sheet, 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 the notes in any jurisdiction where such offer and sale is not permitted.

The offering may be made only by means of a preliminary prospectus supplement and an accompanying prospectus. Copies of the preliminary prospectus supplement and the accompanying prospectus may be obtained by calling Wells Fargo Securities, LLC at 1-800-645-3751, J.P. Morgan Securities LLC at 212-834-4533 or SMBC Nikko Securities America, Inc. at 1-888-868-6856.