Golub Capital BDC 4, Inc. 8-K

What Happened Golub Capital BDC 4, Inc. filed an 8-K on March 17, 2026 disclosing that on March 16, 2026 it delivered a capital drawdown notice to stockholders for the sale of 3,500,503.191 shares of its common stock (par $0.001) for aggregate proceeds of $52.51 million. The sale is expected to close on or around March 26, 2026 and is being made under existing subscription agreements with current stockholders.

Key Details

• Number of shares: 3,500,503.191 shares of common stock.
• Aggregate proceeds: $52.51 million.
• Timing: drawdown notice delivered March 16, 2026; expected close on or about March 26, 2026.
• How issued: pursuant to pre-existing subscription agreements and capital commitments; issuance exempt from registration under Section 4(a)(2) and Regulation D, relying on stockholder representations that they are accredited investors.

Why It Matters This is a capital drawdown from existing investors—not a public registered offering—so it will raise approximately $52.5 million of cash for the company and will increase the number of outstanding shares by the stated amount. Retail investors should note the funding comes from stockholders under their capital commitments (with at least 10 days' prior notice) and the sale was completed under an exemption for accredited investors, which affects how the securities were offered and sold. The filing was signed by Paul Solini, Chief Accounting Officer, and reported under Item 3.02 (Unregistered Sales of Equity Securities).