[497AD] Goldman Sachs BDC, Inc. SEC Filing
Goldman Sachs BDC, Inc. is offering $400 million of senior unsecured 5-year notes due September 9, 2030, with settlement T+3 on September 9, 2025. The notes are SEC-registered, carry a fixed coupon priced off initial guidance of T+220 bps area, have expected ratings of Moody's Baa3 (Stable) and Fitch BBB- (Stable), and will fund repayment of a portion of the revolving credit facility and other general corporate purposes.
Goldman Sachs BDC, Inc. offre 400 milioni di dollari di note senior non garantite a 5 anni scadenza 9 settembre 2030, con regolamento T+3 il 9 settembre 2025. Le note, registrate presso la SEC, hanno una cedola fissa quotata a partire da una guidance iniziale di T+220 pb circa, sono previste con rating Moody's Baa3 (Stable) e Fitch BBB- (Stable) e finanzieranno il rimborso di parte della linea di credito revolving e altre finalit脿 societarie generali.
Goldman Sachs BDC, Inc. ofrece 400 millones de d贸lares en bonos senior no garantizados a 5 a帽os con vencimiento el 9 de septiembre de 2030, con liquidaci贸n T+3 el 9 de septiembre de 2025. Los bonos, registrados ante la SEC, llevan un cup贸n fijo tasado desde la gu铆a inicial en el 谩rea de T+220 pb, cuentan con calificaciones esperadas de Moody's Baa3 (Stable) y Fitch BBB- (Stable) y servir谩n para financiar el reembolso de parte de la l铆nea de cr茅dito revolvente y otros fines corporativos generales.
Goldman Sachs BDC, Inc.電� 毵岅赴鞚检澊 2030雲� 9鞗� 9鞚检澑 5雲� 毵岅赴 氍措嫶氤� 靹犾垳鞙� 毂勱秾 4鞏� 雼煬毳� 氚滍枆頃橂┌, 瓴办牅電� 2025雲� 9鞗� 9鞚� T+3搿� 歆勴枆霅╇媹雼�. 頃措嫻 毂勱秾鞚� SEC鞐� 霌彪霅橃柎 鞛堦碃, 瓿犾爼 炜犿彴鞚� 齑堦赴 臧�鞚措崢鞀れ澑 T+220bp 靾橃鞚� 旮办鞙茧 毂呾爼霅橂┌, 鞓堨儊 霌标笁鞚� Moody's Baa3 (Stable), Fitch BBB- (Stable)鞚搓碃, 臁半嫭 鞛愱笀鞚� 鞚茧秬 須岇爠 鞁犾毄鞁滌劋 靸來櫂 氚� 旮绊儉 鞚茧皹 旮办梾 氇╈爜鞐� 靷毄霅� 鞓堨爼鞛呺媹雼�.
Goldman Sachs BDC, Inc. propose 400 millions de dollars d'obligations senior non s茅curis茅es 脿 5 ans arrivant 脿 茅ch茅ance le 9 septembre 2030, avec r猫glement T+3 le 9 septembre 2025. Les titres, enregistr茅s aupr猫s de la SEC, portent un coupon fixe calibr茅 sur la base d'une indication initiale autour de T+220 pb, sont attendus avec des notations Moody's Baa3 (Stable) et Fitch BBB- (Stable) et serviront 脿 financer le remboursement d'une partie de la ligne de cr茅dit renouvelable et d'autres besoins g茅n茅raux de l'entreprise.
Goldman Sachs BDC, Inc. bietet 400 Millionen US-Dollar an unbesicherten Senior-Notes mit 5-j盲hriger Laufzeit, F盲lligkeit 9. September 2030, an; die Abwicklung erfolgt T+3 am 9. September 2025. Die bei der SEC registrierten Schuldverschreibungen tragen einen Festkupon, der auf Basis der anf盲nglichen Orientierung im Bereich T+220 Basispunkte bepreist wird, haben erwartete Ratings von Moody's Baa3 (Stable) und Fitch BBB- (Stable) und werden zur R眉ckzahlung eines Teils der revolvierenden Kreditlinie sowie f眉r sonstige allgemeine Unternehmenszwecke verwendet.
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Insights
TL;DR: A standard 5-year senior unsecured note issuance to refinance revolver borrowings and provide corporate liquidity, sized at $400MM.
The structure is conventional: SEC-registered senior unsecured notes with a fixed coupon and a make-whole optional redemption. Initial price talk at T+220bps indicates market execution intent; settlement on September 9, 2025 follows industry practice of T+3. Expected investment-grade lower-medium ratings from Moody's and Fitch should aid distribution, and the active syndicate includes major banks to support bookbuilding.
TL;DR: Issuance increases unsecured liabilities but is targeted to reduce revolver usage, with credit support from expected Baa3/BBB- ratings.
The proceeds are designated to pay down part of the revolving credit facility and for general corporate purposes, which may modestly lower short-term leverage if used against the revolver. Notes rank as senior unsecured obligations and include a 100% change-of-control redemption feature. The expected ratings reflect lower-medium investment-grade positioning.
Goldman Sachs BDC, Inc. offre 400 milioni di dollari di note senior non garantite a 5 anni scadenza 9 settembre 2030, con regolamento T+3 il 9 settembre 2025. Le note, registrate presso la SEC, hanno una cedola fissa quotata a partire da una guidance iniziale di T+220 pb circa, sono previste con rating Moody's Baa3 (Stable) e Fitch BBB- (Stable) e finanzieranno il rimborso di parte della linea di credito revolving e altre finalit脿 societarie generali.
Goldman Sachs BDC, Inc. ofrece 400 millones de d贸lares en bonos senior no garantizados a 5 a帽os con vencimiento el 9 de septiembre de 2030, con liquidaci贸n T+3 el 9 de septiembre de 2025. Los bonos, registrados ante la SEC, llevan un cup贸n fijo tasado desde la gu铆a inicial en el 谩rea de T+220 pb, cuentan con calificaciones esperadas de Moody's Baa3 (Stable) y Fitch BBB- (Stable) y servir谩n para financiar el reembolso de parte de la l铆nea de cr茅dito revolvente y otros fines corporativos generales.
Goldman Sachs BDC, Inc.電� 毵岅赴鞚检澊 2030雲� 9鞗� 9鞚检澑 5雲� 毵岅赴 氍措嫶氤� 靹犾垳鞙� 毂勱秾 4鞏� 雼煬毳� 氚滍枆頃橂┌, 瓴办牅電� 2025雲� 9鞗� 9鞚� T+3搿� 歆勴枆霅╇媹雼�. 頃措嫻 毂勱秾鞚� SEC鞐� 霌彪霅橃柎 鞛堦碃, 瓿犾爼 炜犿彴鞚� 齑堦赴 臧�鞚措崢鞀れ澑 T+220bp 靾橃鞚� 旮办鞙茧 毂呾爼霅橂┌, 鞓堨儊 霌标笁鞚� Moody's Baa3 (Stable), Fitch BBB- (Stable)鞚搓碃, 臁半嫭 鞛愱笀鞚� 鞚茧秬 須岇爠 鞁犾毄鞁滌劋 靸來櫂 氚� 旮绊儉 鞚茧皹 旮办梾 氇╈爜鞐� 靷毄霅� 鞓堨爼鞛呺媹雼�.
Goldman Sachs BDC, Inc. propose 400 millions de dollars d'obligations senior non s茅curis茅es 脿 5 ans arrivant 脿 茅ch茅ance le 9 septembre 2030, avec r猫glement T+3 le 9 septembre 2025. Les titres, enregistr茅s aupr猫s de la SEC, portent un coupon fixe calibr茅 sur la base d'une indication initiale autour de T+220 pb, sont attendus avec des notations Moody's Baa3 (Stable) et Fitch BBB- (Stable) et serviront 脿 financer le remboursement d'une partie de la ligne de cr茅dit renouvelable et d'autres besoins g茅n茅raux de l'entreprise.
Goldman Sachs BDC, Inc. bietet 400 Millionen US-Dollar an unbesicherten Senior-Notes mit 5-j盲hriger Laufzeit, F盲lligkeit 9. September 2030, an; die Abwicklung erfolgt T+3 am 9. September 2025. Die bei der SEC registrierten Schuldverschreibungen tragen einen Festkupon, der auf Basis der anf盲nglichen Orientierung im Bereich T+220 Basispunkte bepreist wird, haben erwartete Ratings von Moody's Baa3 (Stable) und Fitch BBB- (Stable) und werden zur R眉ckzahlung eines Teils der revolvierenden Kreditlinie sowie f眉r sonstige allgemeine Unternehmenszwecke verwendet.
