Audax Credit BDC Inc. has delivered a capital drawdown notice to its investors relating to the sale of 1,557,632.40 of its common shares for an aggregate offering price of $15 million.

The sale is expected to close on or around March 29. Investors are required to fund drawdowns to purchase common shares up to the amount of its capital commitment on an as-needed basis with a minimum of 10 calendar days' prior notice.