SC TO-I/A 1 tm2322940d1_sctoia.htm SC TO-I/A


As filed with the Securities and Exchange Commission on August 10, 2023 



Washington, D.C. 20549




Tender Offer Statement Under Section 14(d)(1) or 13(e)(1)
of the Securities Exchange Act of 1934

(Amendment No. 1)


(Name of Subject Company (Issuer) AND Filing Person (Offeror))

Common Stock, Par Value $0.001 per share

(Title of Class of Securities)


05070P 108
(CUSIP Number of Class of Securities)


Richard T. Joseph

Chief Financial Officer

Audax Credit BDC Inc.

101 Huntington Avenue

Boston, Massachusetts 02199
(Name, address, and telephone numbers of person authorized
to receive notices and communications on behalf of filing persons)


Copy to:


Thomas Friedmann, Esq.

Dechert LLP
100 Oliver St.
Boston, Massachusetts 02110
Telephone: (617) 728-7120



Transaction valuation*   Amount of filing fee
$18,500,000.00   $2,038.70


*Estimated for purposes of calculating the amount of the filing fee only. The amount assumes the purchase of up to 2,250,000 shares of common stock of Audax Credit BDC Inc. at an estimated maximum total cost to Audax Credit BDC Inc. of $18,500,000.00.


xCheck the box if any part of the fee is offset as provided by Rule 0-11(a)(2) and identify the filing with which the offsetting fee was previously paid. Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing.


Amount Previously Paid:


Form or Registration No.: Schedule TO
Filing Parties: Audax Credit BDC Inc.
Date Filed: July 12, 2023


¨Check the box if the filing relates solely to preliminary communications made before the commencement of a tender offer.


Check the appropriate boxes below to designate any transaction to which the statement relates:


¨third-party tender offer subject to Rule 14d-1.


  x issuer tender offer subject to Rule 13e-4.


  ¨ going-private transaction subject to Rule 13e-3.


  ¨ amendment to Schedule 13D under Rule 13d-2.


Check the following box if the filing is a final amendment reporting the results of the tender offer: x











This Amendment No. 1 supplements and amends the Tender Offer Statement on Schedule TO filed on July 12, 2023 with the Securities and Exchange Commission by Audax Credit BDC Inc., an externally managed, non-diversified, closed-end management investment company that has made an election to be regulated as a business development company under the Investment Company Act of 1940, as amended, and is incorporated in Delaware (the “Company”) in connection with the Company’s offer to purchase up to approximately 2,250,000 shares of the Company’s common stock (the “Shares”) at an estimated maximum total cost to the Company of $18,500,000.00 (the “Offer”). The offer was made upon and subject to the terms and conditions set forth in the Company’s Offer to Purchase dated July 12, 2023 and a related Letter of Transmittal.


The Offer terminated on August 9, 2023 at 11:59 p.m., Eastern Time (the “Expiration Date”) in accordance with its terms. As of the Expiration Date, a total of 1,908,032.16 Shares were validly tendered pursuant to the Offer and not withdrawn. As of August 10, 2023, in accordance with the terms of the Offer, the Company accepted for payment 1,908,032.16 of the Shares validly tendered in the Offer and not withdrawn, for an aggregate purchase price of $17,515,735.23.









After due inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.


Dated: August 10, 2023



  By:  /s/ Richard T. Joseph
  Name:  Richard T. Joseph
  Title: Chief Financial Officer