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