Golub Capital Direct Lending Unlevered Corp.

05/23/2024 | Press release | Distributed by Public on 05/23/2024 14:28

Private Placement - Form 8-K

Item 3.02. Unregistered Sales of Equity Securities.
On May 22, 2024, Golub Capital Direct Lending Unlevered Corporation (the "Company") delivered a capital drawdown notice to its stockholders relating to the sale of 2,396,158.667 shares of the Company's common stock, par value $0.001 per share (the "Common Stock"), for an aggregate offering price of $35.94 million. The sale is expected to close on or around June 4, 2024.
The sale of Common Stock is being made pursuant to subscription agreements entered into by the Company and its stockholders. Under the terms of the subscription agreements, stockholders are required to fund drawdowns to purchase shares of Common Stock up to the amount of their respective capital commitments on an as-needed basis with a minimum of 10 days' prior notice to stockholders.
The issuance of the Common Stock is exempt from the registration requirements of the Securities Act of 1933, as amended (the "Securities Act"), pursuant to Section 4(a)(2) thereof and Regulation D thereunder. The Company relied, in part, upon representations from the stockholders in the subscription agreements that each stockholder was an accredited investor as defined in Regulation D under the Securities Act.