On March 8, 2024, Golub Capital BDC, Inc. caused notices to be issued to the holders of its 3.375% Notes due 2024 regarding the Company?s exercise of its option to redeem, in whole, the issued and outstanding Notes, pursuant to Section 11.04 of the indenture, dated as of October 2, 2020, by and between the Company and U.S. Bank Trust Company, National Association (as successor in interest to U.S. Bank National Association), as trustee, and Section 1.01(h) of the First Supplemental Indenture, dated as of October 2, 2020, by and between the Company and the Trustee. The Company will redeem $500,000,000 in aggregate principal amount of the issued and outstanding Notes on April 8, 2024. The Notes will be redeemed at 100% of their principal amount, plus the accrued and unpaid interest thereon, through, but excluding, the Redemption Date.

After giving effect to the full redemption of the Notes as described above, the Company projects its debt-to-equity ratio will be less than 1.15x.