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Goldman Sachs BDC, Inc. (GSBD) is a non-diversified, closed-end management investment company that has chosen to be regulated as a business development company (BDC). Its primary focus is on lending to middle-market companies in the United States, aiming to create current income and, to a lesser extent, capital appreciation. The company primarily achieves this through direct originations of secured debt, including first lien, unitranche, and second lien debt, as well as unsecured debt.
Goldman Sachs BDC, Inc. invests predominantly in U.S. middle-market companies, such as banks and those involved in public debt markets. A key aspect of its origination strategy is leading the negotiation and structuring of loans or securities in which it invests, with the intention of holding these investments until maturity. This allows GSBD to generate most of its revenue from interest income and dividend income.
Historically, GSBD has demonstrated a strong ability to identify and invest in opportunities that provide stable returns for its shareholders. The company's robust portfolio management and strategic approach enable it to maintain a diverse range of investments, which helps mitigate risks and enhance overall returns.
Recently, GSBD has been actively involved in several significant projects and partnerships, further consolidating its position as a key player in the middle-market lending space. The company's commitment to prudent financial management and strategic investments continues to drive its success and stability in the financial markets.
- Core Business: Lending to U.S. middle-market companies
- Investment Strategy: Direct originations of secured and unsecured debt
- Revenue Streams: Interest income and dividend income
- Portfolio Management: Focus on holding investments to maturity
Goldman Sachs BDC, Inc. remains dedicated to generating consistent returns for its investors while supporting the growth and development of middle-market enterprises. Its strategic approach and solid financial foundation make it a noteworthy entity in the investment landscape.
Goldman Sachs BDC, Inc. (NYSE: GSBD) will report its first quarter 2023 financial results on May 4, 2023, after market close. An earnings conference call will be hosted on May 5, 2023, at 9:00 AM ET. Participation options include telephone and audio webcast through the company's website. The company primarily invests in middle-market companies in the U.S. through secured debt, mezzanine debt, and select equity investments, aiming for current income and capital appreciation. Goldman Sachs BDC is externally managed by Goldman Sachs Asset Management.
Goldman Sachs BDC, Inc. (NYSE: GSBD) has priced an offering of 6,500,000 shares of common stock, aiming to raise approximately
The offering is managed by BofA Securities, Morgan Stanley, and Goldman Sachs & Co. LLC.
Goldman Sachs BDC, Inc. (NYSE: GSBD) announced a planned offering of 6.5 million shares of its common stock, with an option for underwriters to buy an additional 975,000 shares. The offering aims to repay part of its outstanding debt under the revolving credit facility, enabling new investments aligned with its strategies. The completion of the offering depends on market conditions. BofA Securities, Morgan Stanley, and Goldman Sachs & Co. LLC are the joint book-running managers for this offering. Investors are encouraged to review the preliminary prospectus for detailed investment risks.
Goldman Sachs BDC, Inc. (GSBD) reported financial results for Q4 and FY 2022, announcing a net investment income of $0.66 per share, with an adjusted yield of 17.8%. The earnings per share for the quarter was $0.04, while net asset value per share decreased by 2.7% to $14.61. Total investments at fair value were $3.88 billion with a significant majority in senior secured debt (97.6%). A regular dividend of $0.45 per share has been declared for Q1 2023. Notably, net expenses rose to $36.9 million, influenced by increased interest rates.
Goldman Sachs BDC, Inc. (NYSE: GSBD) will announce its financial results for the fourth quarter and fiscal year ended
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