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Stock impact report

Goldman Sachs BDC, Inc. Favorably Amends Its Revolving Credit Facility

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. (the “Company”) (NYSE: GSBD) announced today that it has favorably amended its senior secured revolving credit facility agreement with Truist Bank (formerly known as SunTrust Bank), as administrative agent (as amended, supplemented or otherwise modified and in effect from time to time, the “Truist Revolving Credit Facility”).These amendments, among other things, include the reduction of the stated interest rate from LIBOR plus 2.00% to LIBOR plus 1.875%, subject to certain requirements, and the extension of the final maturity date from February 21, 2023 to February 25, 2025. In addition, upon the consummation of the Company’s merger with Goldman Sachs Middle Market Lending Corp. (“MMLC”), the size of the Truist Revolving Credit Facility will be increased from $795 million to $1,695 million and the accordion feature will be increased to allow the Company to increase the total facility size from up to $1,000 million to up to $2,250 Show less Read more
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