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Stock impact report

Goldman Sachs BDC, Inc. and Goldman Sachs Middle Market Lending Corp. Announce Merger Agreement

Goldman Sachs BDC, Inc. (GSBD) 
Last goldman sachs bdc, inc. earnings: 2/20 05:32 pm Check Earnings Report
US:NYSE Investor Relations: goldmansachsbdc.com
Company Research Source: Business Wire
NEW YORK--(BUSINESS WIRE)--Goldman Sachs BDC, Inc. (“GSBD”) and Goldman Sachs Middle Market Lending Corp. (“MMLC”) announced today that they have entered into an Agreement and Plan of Merger (the “Merger Agreement”). GSBD and MMLC are affiliated business development companies that are managed by Goldman Sachs Asset Management, L.P. (“GSAM”).Under the terms of the Merger Agreement, GSBD will issue 0.9939 of a newly issued share for each MMLC share outstanding. Based on the closing price of GSBD shares on December 6, 2019, the total consideration paid for MMLC is approximately $1.0 billion, representing an 11% premium to MMLC’s September 30, 2019 net asset value.1 The transaction will also result in approximately 5.5% accretion to GSBD’s net asset value per share, based on GSBD’s and MMLC’s net asset values as of September 30, 2019.2 The combined company will continue to trade under the ticker symbol “GSBD” on the New York Stock Exchange.“We are very excited to announce the merger o Show less Read more
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