secwatch / observer
8-K filed October 3, 2023, 7:59 PM ET CIK 0001920145
debt confidence high sentiment neutral materiality 0.50

Goldman Sachs Private Credit Corp.: debt financing — Goldman Sachs Private Credit subsidiary enters $200M revolver with BNP Paribas, accordion to $1B

Goldman Sachs Private Credit Corp.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Goldman Sachs Private Credit Corp. incurred revolving credit of $200,000,000 with BNP Paribas at 1-month or 3-month Term SOFR plus an applicable margin of 1.80% maturing three years after the closing date of the BNPP Revolving Credit Facility.

Instrument
revolving credit
Principal
$200,000,000
Counterparty
BNP Paribas
Rate
1-month or 3-month Term SOFR plus an applicable margin of 1.80%
Maturity
three years after the closing date of the BNPP Revolving Credit Facility
Event
incurrence
Exact text from the filing
period, the applicable margin on all outstanding advances will be 2.80% per annum. The initial principal amount of the commitments under the BNPP Revolving Credit Facility is $200,000,000. The BNPP Revolving Credit Facility also has an accordion provision, subject to the satisfaction of various conditions, which could bring total commitments under the BNPP
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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Goldman Sachs Private Credit Corp. entered into BNPP Revolving Credit Facility with BNP Paribas valued at $200,000,000 (effective 2023-09-28).

Action
entry
Agreement
credit facility
Counterparty
BNP Paribas
Value
$200,000,000
Effective
2023-09-28
Exact text from the filing
On September 28, 2023, GS Private Credit SPV Public I LLC (“SPV Public I”), a wholly owned subsidiary of Goldman Sachs Private Credit Corp. (the “Company”), entered into a revolving credit facility (the “BNPP Revolving Credit Facility”) with BNP Paribas (“BNPP”), as administrative agent, State Street Bank and Trust Company, as collateral agent, the Company, as equityholder and investment advisor, and the lenders party thereto.
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Source: SEC EDGAR
accession 0001193125-23-249980
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