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Goldman Sachs BDC, Inc. (the "Company" or "GS BDC") (NYSE:GSBD) announced today that it has priced an offering of 6,500,000 shares of common stock, par value $0.001 per share (the "Shares"), 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.
Investors are advised to carefully consider the investment objective, risks, charges and expenses of the Company before investing. The preliminary prospectus supplement dated March 6, 2023, the accompanying prospectus dated November 19, 2020, each of which have been filed with the Securities and Exchange Commission (the "SEC"), any related free writing prospectus, and any information incorporated by reference in each, contain this and other information about the Company and should be read carefully before investing.
The information in the preliminary prospectus supplement, the accompanying prospectus and this press release is not complete and may be changed. The preliminary prospectus supplement, the accompanying prospectus and this press release are not offers to sell any securities of the Company and are not soliciting an offer to buy such securities in any jurisdiction where such offer and sale is not permitted.
A shelf registration statement relating to these securities is on file with the SEC and effective. The offering may be made only by means of a preliminary prospectus supplement and an accompanying prospectus, copies of which may be obtained from BofA Securities, Inc., NC1-004-03-43, 200 North College Street, 3rd floor, Charlotte NC 28255-0001, Attn: Prospectus Department, or email dg.prospectus_requests@bofa.com; and Morgan Stanley & Co. LLC, 180 Varick Street, 2nd Floor, New York, NY 10014, Attn: Prospectus Department.
Posted In: GSBD
