Goldman Sachs SEC Filings

Goldman Sachs BDC, Inc. reported weaker results for the quarter ended March 31, 2026 and declared a second-quarter 2026 base dividend. Total investment income was $78.8 million, down from $96.9 million a year earlier, as lower base interest rates and tighter credit spreads reduced revenue.

Net investment income after taxes fell to $24.8 million from $49.6 million, and the company recorded net losses on investments of $38.4 million, leading to a net decrease in net assets from operations of $13.6 million. Net asset value per share declined to $12.17 from $12.64 at December 31, 2025, while the ending net debt-to-equity leverage ratio rose to 1.37x. As of March 31, 2026, non‑accrual investments represented 3.2% of the portfolio at fair value. The company declared a $0.32 per share base dividend for the second quarter of 2026, payable on or about July 28, 2026 to shareholders of record as of June 30, 2026.

Goldman Sachs BDC, Inc. (GSBD) reports a highly diversified credit portfolio focused on floating-rate corporate loans. The schedule lists numerous 1st Lien/Senior Secured Debt positions, plus select 2nd lien, unitranche, unsecured loans and minority equity or warrant stakes.

Most exposure is to the United States, with additional investments in Canada, India and the United Kingdom. Borrowers span software, health care, financial services, industrials, business services and consumer sectors. Many loans are priced at a spread over reference rates such as S (SOFR), E (EURIBOR), C and P, often with partial or full PIK interest and maturities generally between 2026 and 2033.

Goldman Sachs BDC, Inc. filed an 8-K to announce timing for its first quarter 2026 results. The company will report financial results for the quarter ended March 31, 2026 after the market closes on Thursday, May 7, 2026.

Management will host an earnings conference call on Friday, May 8, 2026 at 9:00 am Eastern Time, with both telephone and audio webcast access available through the Investor Resources section of its website. The filing also furnishes the related press release as an exhibit under Regulation FD Disclosure.

Goldman Sachs BDC, Inc. director Carlos E. Evans bought 50,000 shares of common stock in an open-market purchase. The shares were acquired on April 2, 2026 at a weighted average price of $9.0207 per share, with individual trade prices ranging from $8.99 to $9.04.

Following this transaction, Evans directly owns 64,446 shares of Goldman Sachs BDC common stock. The filing notes that detailed breakdowns of the number of shares purchased at each price within the range are available upon request.

Goldman Sachs BDC, Inc. is asking stockholders to vote at its 2026 virtual annual meeting on May 27, 2026. Owners of common stock as of March 30, 2026 can participate online. Stockholders will elect two Class III directors, Timothy J. Leach and Katherine (“Kaysie”) P. Uniacke, to serve until the 2029 annual meeting, and vote on ratifying PricewaterhouseCoopers LLP as independent registered public accounting firm for the fiscal year ending December 31, 2026. The Board, including all independent directors, unanimously recommends voting “FOR” both proposals and is soliciting proxies via internet, telephone, or mail.

Goldman Sachs BDC, Inc. announced that director Susan B. McGee has informed the board of her intention to resign from the board of directors and all its committees, effective March 31, 2026. She notified the board on March 15, 2026. The company and board expressed appreciation for her service and acknowledged her continued contributions through the remainder of her tenure.

Goldman Sachs BDC, Inc. reported board changes focused on how directors are grouped into classes, rather than adding or removing individuals. Effective February 25, 2026, the Board size was reduced from seven directors to six to reflect a vacancy created by a former director’s retirement on December 31, 2025.

The Board appointed Timothy J. Leach and Katherine P. Uniacke as Class III directors so each class represents about one‑third of the Board, consistent with the Company’s Amended and Restated Certificate of Incorporation. To enable this reallocation, Mr. Leach and Ms. Uniacke resigned from their prior Class I and Class II positions on that date, while Mr. Leach continues as Board Chairman and as chair or member of multiple key committees. The Company states that they have no disqualifying family relationships or material related‑party transactions under Item 404(a) of Regulation S‑K.

Goldman Sachs BDC, Inc. reported fourth-quarter and full-year 2025 results and detailed upcoming dividends. For Q4 2025, total investment income was $86.1 million versus $91.6 million in the prior quarter, with net investment income after taxes of $42.2 million, or $0.37 per share.

The investment portfolio stood at $3.26 billion at fair value and net asset value per share was $12.64, with net debt-to-equity leverage of 1.27x as of December 31, 2025. The board declared a first-quarter 2026 base dividend of $0.32 per share and a fourth-quarter 2025 supplemental dividend of $0.03 per share.

Loans underwritten on recurring revenue represented 11.0% of the portfolio at fair value, and 9.0% of Q4 total investment income came from payment-in-kind structures. Non-accrual investments were 1.9% of the portfolio at fair value and 2.8% at amortized cost.