Business Development Corporation of America announces a share repurchase program. Under the program, the company will repurchase up to approximately 4,602,000 shares. The shares will be repurchased at a price equal to $7.38 per share, which represents the company's net asset value per share as of September 30, 2022. The purpose of this offer to purchase is to provide stockholders with a measure of liquidity, since there is otherwise no public market for the shares of its common stock. The buyback will be sourced out of the proceeds received from the sale of shares of common stock under the distribution reinvestment plan. If the amount of repurchase requests exceeds the number of shares the company seeks to repurchase, then the shares will be repurchased on a pro-rata basis. The offer will expire on January 25, 2023, unless extended.

Thomas Friedmann of Dechert LLP acted as the legal advisor to the company.