Goldman Sachs BDC, Prices Public Offering

March 18, 2015 by · Leave a Comment
Filed under: Americas, Banking, Finance

NEW YORK—(March 18, 2015)—Goldman Sachs BDC, Inc. (“GS BDC”) yesterday announced that it priced its initial public offering of 6,000,000 shares of its common stock at a public offering price of $20.00 per share. Shares of common stock of GS BDC are expected to begin trading on the New York Stock Exchange today, March 18, 2015, under the symbol GSBD. GS BDC also granted the underwriters an overallotment option to purchase up to an additional 900,000 shares of common stock. The closing of the offering is subject to customary closing conditions and the shares are expected to be delivered on or about March 23, 2015.

GS BDC expects to use the net proceeds of this offering to repay a portion of its outstanding debt under its senior secured revolving credit agreement.

BofA Merrill Lynch; Goldman, Sachs & Co.; Morgan Stanley; Citigroup; Credit Suisse and Wells Fargo Securities are acting as joint book-running managers and Raymond James and SunTrust Robinson Humphrey are acting as co-managers for this offering. Read more

Alpha Investment Newsletter Sees 13% Downside in the S&P 500 Index

June 20, 2012 by · Leave a Comment
Filed under: Americas, Banking, Business, Capital Markets, World 

New York, June 20, 2012 — Note to Investors: The S&P 500 Index has recently bounced back from the correction seen in May 2012 after taking support at 1280.

While the latest FOMC communication from the US Fed does not reveal any QE3 indication in the near future, it is possible that some form of QE/LTRO may happen in Europe along with steps towards tighter fiscal management in the EU. Such an event, having only 20% probability in the near term, can move global equity markets up by 10% within a few weeks.

However, in the absence of any material policy action in the US or EU, the S&P500 can rapidly give up the gains of the recent rally from 1270 to 1360, and possibly make new lows for the year 2012 even before the US Govt can try to revive the economy and the stock markets in this election year. Therefore, investors must remain cautious. Read more

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