Golub Files for IPO

Golub Capital, a mid-market lender, has filed its registration for an IPO worth $150. The offering will use Wells Fargo Securities, LLC and UBS Securities LLC, as joint book-running managers of the offering, with Stifel, Nicolaus & Company, Incorporated and BMO Capital Markets Corp as co-managers.

Press release:

Golub Capital BDC LLC (the “Company”) (Nasdaq: GBDC ) announced today that it has filed a registration statement on Form N-2 relating to a proposed initial public offering of shares of its common stock.

Golub Capital BDC LLC is an externally managed, closed-end, non-diversified management investment company that will elect to be treated as a business development company under the Investment Company Act of 1940. The Company will operate as a publicly traded investment fund managed by an affiliate of Golub Capital, a top-ranked lender to middle market companies. The Company, which held $376 million in investments as of September 30, 2009, will invest primarily in mezzanine, one-stop, second lien and senior secured loans, as well as warrants and minority equity securities, in U.S. middle-market companies.

The Company is proposing to offer to sell shares of common stock having an aggregate value on the date of issue of $150 million. The Company may sell up to an additional $22.5 million of shares of common stock at the initial offering price, depending on the extent to which Wells Fargo Securities, LLC and UBS Securities LLC, the joint book-running managers of the offering, exercise an over-allotment option granted by the Company. The co-managers for the offering are Stifel, Nicolaus & Company, Incorporated and BMO Capital Markets Corp. The Company intends to use the net proceeds of the offering to repay existing indebtedness and invest the balance of the net proceeds in portfolio companies in accordance with the Company’s investment objective and strategies and for general corporate purposes, as described more fully in the prospectus contained in the registration statement.

About Golub Capital (www.golubcapital.com)

Founded in 1994, Golub Capital was ranked by Reuters Loan Pricing Corporation as the leading senior lender for middle-market leveraged buyouts (defined as total debt financing of under $100 million) for the first three calendar quarters of 2009 and as the third leading senior lender for the same category in 2008, based both on deal value and number of deals. Golub Capital manages $4.0 billion of capital, with a team of 86 employees in Chicago, New York and Atlanta.

A registration statement relating to the securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time that the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or jurisdiction.

Any public offering of securities to be made in the United States will be made by means of a prospectus and will contain detailed information about the Company and its management, as well as financial statements. The registration statement is available at www.sec.gov., a website maintained by the Securities and Exchange Commission.

Forward-Looking Statements

Statements in this press release relating to the Company’s intention to effect an initial public offering of its securities and the expectation that the Company intends to sell its securities in the proposed offering are forward-looking statements that involve a number of risks and uncertainties. Actual results could differ materially from those contemplated by the forward-looking statements as a result of certain factors, including business, financial market and economic conditions; the effect of the general economy on the industries in which the Company invests; a highly competitive market for investment opportunities; the Company’s business prospects and the prospects of its portfolio companies; the use of borrowed money to finance a portion of the Company’s investments; the adequacy of the Company’s financing sources and working capital; and other risk factors as described in the Company’s registration statement on Form N-2 filed in connection with the proposed initial public offering.

Although the Company believes that the expectations reflected in the forward looking statements are reasonable, it cannot guarantee that it will effect an initial public offering. Thus, you should not place undue reliance on these forward-looking statements.