SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event
reported): July 16, 2020 (July 14, 2020)
AUDAX CREDIT BDC INC.
(Exact name of registrant as specified
(State or Other Jurisdiction
|101 HUNTINGTON AVENUE
|(Address of principal executive office)
||(Zip Code) |
(Registrant’s telephone number,
including area code)
Check the appropriate box below if the Form 8-K filing is intended
to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction
||Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
||Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
||Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
||Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Indicate by check mark whether the registrant is an emerging
growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities
Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company x
If an emerging growth company, indicate by check mark if the
registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards
provided pursuant to Section 13(a) of the Exchange Act. ¨
Item 3.02 Unregistered Sales of Equity Securities
On July 3, 2020, Audax Credit BDC
Inc. (the “Company”) delivered a capital drawdown notice to one of its investors relating to the sale of shares of
the Company’s common stock, par value $0.001 per share (the “Common Stock”) for an aggregate offering price of
$5 million. The sale closed on July 14, 2020.
The sale of Common Stock was made pursuant
to a subscription agreement entered into by the Company and the investor. Under the terms of the subscription agreement, the investor
is required to fund drawdowns to purchase shares of Common Stock up to the amount of its capital commitment on an as-needed basis
with a minimum of 10 calendar days’ prior notice.
The issuance of the Common Stock is exempt
from the registration requirements of the Securities Act of 1933, as amended, pursuant to Section 4(a)(2) thereof. The Company
has not engaged in general solicitation or advertising with regard to the issuance and sale of the Common Stock and has not offered
securities to the public in connection with such issuance and sale.
Pursuant to the requirements of the Securities
Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Credit BDC Inc.
|Date: July 16, 2020
/s/ Richard T. Joseph
||Richard T. Joseph|
||Chief Financial Officer|