Golub Capital BDC : NOTICE OF REDEMPTION TO THE HOLDERS OF THE - Form 8-K
March 08, 2024 at 04:55 pm
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NOTICE OF REDEMPTION TO
THE HOLDERS OF THE
3.375% Notes due 2024
of Golub Capital BDC, Inc.
(CUSIP No. 38173M AA0)*
Redemption Date: April 8, 2024
NOTICE IS HEREBY GIVEN, pursuant to Section 11.04 of the Indenture dated as of October 2, 2020 (the "Base Indenture"), between Golub Capital BDC, Inc., a Delaware corporation (the "Company"), and U.S. Bank Trust Company, National Association (as successor in interest to U.S. Bank National Association) (the "Trustee), and Section 1.01(h) of the First Supplemental Indenture, dated as of October 2, 2020 (the "First Supplemental Indenture," and together with the Base Indenture, the "Indenture"), that the Company is electing to exercise its option to redeem, in whole, the 3.375% Notes due 2024 (the "Notes"). The Company will redeem $500,000,000 in aggregate principal amount of the issued and outstanding Notes on April 8, 2024 (the "Redemption Date"). The redemption price for the Notes equals 100% of the $500,000,000 aggregate principal amount of the Notes being redeemed, plus the accrued and unpaid interest thereon, through, but excluding, the Redemption Date. The Company has determined that the aggregate accrued interest on the Notes being redeemed that is payable on the Redemption Date will be approximately $8,109,375.00.
On the Redemption Date, the Redemption Payment will become due and payable to the holders of the Notes (the "Holders"). Interest on the $500,000,000 in aggregate principal amount of the issued and outstanding Notes being redeemed will cease to accrue on and after the Redemption Date. Unless the Company defaults in paying the Redemption Payment with respect to such Notes, the only remaining right of the Holders with respect to the Notes will be to receive payment of the Redemption Payment upon presentation and surrender of such Notes to the Trustee in its capacity as Paying Agent. Notes held in book-entry form will be redeemed and the Redemption Payment with respect to such Notes will be paid in accordance with the applicable procedures of The Depository Trust Company.
Payment of the Redemption Payment to the Holders will be made upon presentation and surrender of the Notes in the following manner:
If by Mail, Hand or Overnight Mail:
U.S. Bank
Corporate Trust Services
111 Fillmore Avenue E.
St. Paul, MN 55107
*The CUSIP number has been assigned to this issue by organizations not affiliated with the Company or the Trustee and is included solely for the convenience of the Holders. Neither the Company nor the Trustee shall be responsible for the selection or use of this CUSIP number, nor is any representation made as to the correctness or accuracy of the same on the Notes or as indicated in this Notice of Redemption.
NOTICE
Under U.S. federal income tax law, the Trustee or other withholding agent may be required to backup withhold on any gross payment to a Holder who fails to provide a taxpayer identification number and other required certifications. To avoid backup withholding, a Holder will need to complete a Form W-9 or an appropriate Form W-8, as applicable, which should be furnished in connection with the presentment and surrender of the Notes called for redemption and otherwise comply with the applicable requirements of the backup withholding rules. Holders should consult their tax advisors regarding the withholding and other tax consequences of the redemption.
Golub Capital BDC, Inc.
Dated: March 8, 2024
By: U.S. Bank Trust Company,
National Association,
as Trustee and Paying Agent
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Golub Capital BDC, Inc. is an externally managed, closed-end, non-diversified management investment company. The Company's investment objective is to generate current income and capital appreciation by investing primarily in senior secured and one-stop loans of United States middle-market companies. It makes investments primarily in a loan that combines characteristics of traditional first- lien senior secured loans and second lien or subordinated loans and that are often referred to by other middle market lenders as unitranche loans and other senior secured loans of United States middle-market companies. The Company also selectively invests in second lien and subordinated (a loan that ranks senior only to a borrower's equity securities and ranks junior to all of such borrower's other indebtedness in priority of payment) loans of, and warrants and minority equity securities in, middle-market companies. The Company's investment adviser is GC Advisors LLC.