Audax CreditBDC Inc. on Sept. 15 sent one of its investors a capital drawdownnotice related to the sale of 1,952,723.54 common shares.
The aggregate offering price was $19 million. The saleclosed Sept. 29.
The sale was made pursuant to a subscription agreemententered into by the company and the investor. Under the terms of the agreement,the investor is required to fund drawdowns to purchase shares of common stockup to the amount of its capital commitment on an as-needed basis with priornotice of a minimum of 10 calendar days.