Goldman Sachs BDC extends revolver, trims pricing; size to be lifted

By Wendy Van Sickle

Columbus, Ohio, Feb. 27 – Goldman Sachs BDC, Inc. amended its senior secured revolving credit facility agreement with Truist Bank as administrative agent to reduce the interest rate and extend the maturity date, among other things, according to a news release.

Specifically, the interest rate was trimmed by 12.5 basis points to Libor plus 187.5 bps, and the maturity date was pushed out by two years to Feb. 25, 2025.

In addition, upon the consummation of the company’s merger with Goldman Sachs Middle Market Lending Corp., the size of the revolver will increase to $1,695,000,000 from $795 million and the accordion feature will be increased to allow the company to expand the total facility size to up to $2.25 billion.

“We believe these changes to our revolving credit facility further strengthen the company’s balance sheet and funding profile,” Jonathan Lamm, chief financial officer of Goldman Sachs BDC, said in the release.

Goldman Sachs BDC specializes in middle market and mezzanine investment in private companies.

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