Goldman Sachs BDC, Inc. (the “Company”) (NYSE: GSBD) announced
today that it has priced an offering of $400 million aggregate
principal amount of 6.375% notes due 2027 (the “2027 Notes”). The
2027 Notes will mature on March 11, 2027 and may be redeemed in
whole or in part at the Company’s option at any time at par plus a
“make-whole” premium, if applicable.
The Company intends to use the net proceeds of this offering to
pay down debt under its revolving credit facility.
The offering is subject to customary closing conditions, and the
2027 Notes are expected to be delivered on or about March 11,
2024.
BofA Securities, Inc., SMBC Nikko Securities America, Inc.,
Truist Securities, Inc., MUFG Securities Americas Inc., HSBC
Securities (USA) Inc., Morgan Stanley & Co. LLC, Barclays
Capital Inc., BNP Paribas Securities Corp. and Goldman Sachs &
Co. LLC are acting as joint book-running managers for this
offering. Deutsche Bank Securities Inc., Wells Fargo Securities,
LLC, ICBC Standard Bank Plc, Santander US Capital Markets LLC, CIBC
World Markets Corp., BNY Mellon Capital Markets, LLC, U.S. Bancorp
Investments, Inc., ING Financial Markets LLC and Raymond James
& Associates, Inc. are acting as co-managers for this
offering.
Investors are advised to carefully consider the investment
objective, risks, charges and expenses of the Company before
investing. The pricing term sheet dated March 6, 2024, the
preliminary prospectus supplement dated March 6, 2024, the
accompanying prospectus dated September 29, 2023, each of which has
been filed with the Securities and Exchange Commission (the “SEC”),
any related free writing prospectus and any information
incorporated by reference in each, contain this and other
information about the Company and should be read carefully before
investing.
The information in the pricing term sheet, preliminary
prospectus supplement, the accompanying prospectus and this press
release is not complete and may be changed. The pricing term sheet,
preliminary prospectus supplement, the accompanying prospectus and
this press release are not offers to sell any securities of the
Company and are not soliciting an offer to buy such securities in
any jurisdiction where such offer and sale is not permitted.
A shelf registration statement relating to these securities
is on file with the SEC and effective. The offering may be made
only by means of a preliminary prospectus supplement and an
accompanying prospectus, copies of which may be obtained from BofA
Securities, Inc., NC1-022-02-25, 201 North Tryon Street, Charlotte,
NC 28255-0001, Attn: Prospectus Department, or by calling
1-800-294-1322, or email
dg.prospectus_requests@bofa.com; SMBC Nikko Securities
America, Inc., 277 Park Avenue, New York, NY 10172, Attention: Debt
Capital Markets, or toll-free at: 1-888-868-6856 or E-mail:
prospectus@smbcnikko-si.com; and Truist Securities, Inc.
3333 Peachtree Road NE, Atlanta GA, 30326, Attn: Prospectus Dept or
toll-free at 1-800-685-4786 or
TruistSecurities.prospectus@Truist.com.
ABOUT GOLDMAN SACHS BDC, INC.
Goldman Sachs BDC, Inc. is a specialty finance company that has
elected to be regulated as a business development company under the
Investment Company Act of 1940. The Company was formed by The
Goldman Sachs Group, Inc. (“Goldman Sachs”) to invest primarily in
middle-market companies in the United States, and is externally
managed by Goldman Sachs Asset Management, L.P., an SEC-registered
investment adviser and a wholly-owned subsidiary of Goldman Sachs.
The Company seeks to generate current income and, to a lesser
extent, capital appreciation primarily through direct originations
of secured debt, including first lien, first lien/last-out
unitranche and second lien debt, and unsecured debt, including
mezzanine debt, as well as through select equity investments.
FORWARD-LOOKING STATEMENTS
This press release may contain forward-looking statements that
involve substantial risks and uncertainties. These statements
include the possible sale of the 2027 Notes and expected terms. You
can identify these statements by the use of forward-looking
terminology such as “may,” “will,” “should,” “expect,”
“anticipate,” “project,” “target,” “estimate,” “intend,”
“continue,” or “believe” or the negatives thereof or other
variations thereon or comparable terminology. You should read
statements that contain these words carefully because they discuss
our plans, strategies, prospects and expectations concerning our
business, operating results, financial condition and other similar
matters. These statements represent the Company’s belief regarding
future events that, by their nature, are uncertain and outside of
the Company’s control. There are likely to be events in the future,
however, that we are not able to predict accurately or control. Any
forward-looking statement made by us in this press release speaks
only as of the date on which we make it. Factors or events that
could cause our actual results to differ, possibly materially from
our expectations, include, but are not limited to, market
conditions and the risks, uncertainties and other factors we
identify in the sections entitled “Risk Factors” and “Cautionary
Statement Regarding Forward-Looking Statements” in filings we make
with the SEC, including in our most recent annual report on Form
10-K, and it is not possible for us to predict or identify all of
them. We undertake no obligation to update or revise publicly any
forward-looking statements, whether as a result of new information,
future events or otherwise, except as required by law.
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version on businesswire.com: https://www.businesswire.com/news/home/20240306731500/en/
Goldman Sachs BDC, Inc. Investor Contact: Austin Neri,
212-902-1000 Media Contact: Victoria Zarella, 212-902-5400
Goldman Sachs BDC (NYSE:GSBD)
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