GSBD enters into up to $200M ATM equity distribution agreement with Truist Securities

Goldman Sachs BDC, Inc.

May sell up to $200M of common stock at market through Truist Securities; commission up to 1% of gross proceeds.
Proceeds for general corporate purposes including portfolio investments and possible repayment of revolving credit facility.
No obligation to sell; sales depend on market conditions and company's capital needs.
Existing revolving credit facility bears weighted average interest rate of 6.87% for nine months ended Sept 30, 2023.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Goldman Sachs BDC, Inc. entered into Equity Distribution Agreement with Truist Securities, Inc. valued at up to $200,000,000 (effective 2023-11-15).

Action: entry
Agreement: atm program
Counterparty: Truist Securities, Inc.
Value: up to $200,000,000
Effective: 2023-11-15

Exact text from the filing

On November 15, 2023, Goldman Sachs BDC, Inc. (the “Company”) entered into an equity distribution agreement (the “Equity Distribution Agreement”) by and among the Company, Goldman Sachs Asset Management, L.P. and Truist Securities, Inc. (the “Sales Agent”).

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Goldman Sachs BDC, Inc. filing history →

Source: SEC EDGAR

accession 0001193125-23-278038

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