April 16, 2010 (FinancialWire) — Golub Capital BDC, Inc. (NASDAQ: GBDC) said it has priced an initial public offering of 7.1 million shares of its common stock at a public offering price of $14.50 per share, raising around $103.0 million in gross proceeds. Wells Fargo Securities (NYSE: WFC) and UBS Investment Bank (NYSE: UBS) are acting as joint bookrunning underwriters.

The company has granted the underwriters an option to purchase up to an additional 1.065 million shares of common stock. Golub BDC’s common stock begins trading on The Nasdaq Global Select Market under the symbol "GBDC" on April 15. The shares are scheduled to be delivered on April 20.

Golub BDC said it plans to use the net proceeds to repay certain amounts outstanding under its existing credit facility and to invest the balance of the net proceeds in portfolio companies in accordance with its investment objective and strategies and for general corporate purposes.  

Golub Capital BDC is a business development company that principally invests in senior secured, unitranche, mezzanine and second lien loans of middle-market companies that are, in most cases, sponsored by private equity investors.

New York-based Golub Capital is a lender to middle-market companies.

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