Goldman Sachs BDC (GSBD) prices 6.5M offering

Goldman Sachs BDC, Inc. (NYSE: GSBD) announced today that it has priced an offering of 6,500,000 shares of common stock, par value $0.001 per share, for total gross proceeds of approximately $99.1 million. In connection with the offering, the Company has also granted the underwriters for the offering an option to purchase up to an additional 975,000 Shares. The offering is subject to customary closing conditions, and the Shares are expected to be delivered on or about March 9, 2023.

The underwriters may offer the shares of common stock from time to time for sale in one or more transactions on the New York Stock Exchange, in the over-the-counter market, through negotiated transactions or otherwise at market prices prevailing at the time of sale, at prices related to prevailing market prices or at negotiated prices.

The Company intends to use the net proceeds of this offering to repay a portion of its outstanding debt under its revolving credit facility. However, through reborrowings under its revolving credit facility, the Company intends to make new investments in accordance with its investment objective and strategies.

BofA Securities, Morgan Stanley, and Goldman Sachs & Co. LLC are acting as joint book-running managers for this offering. ING is acting as co-manager for this offering.

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