Goldman Sachs BDC extends revolver, ups accordion to $2.54 billion

By William Gullotti

Buffalo, N.Y., Oct. 24 – Goldman Sachs BDC, Inc. entered into a 10th amendment to its 2013-signed revolving credit agreement with Truist Bank as administrative agent on Oct. 18, according to an 8-K filing with the Securities and Exchange Commission.

The amendment increased the uncommitted accordion feature to $2,542,500,000 from $2.25 billion and extended the maturity for about 87% of the $1,695,000,000 of aggregate lending commitments.

Commitments for extending lenders were extended so the availability period was pushed to Oct. 18, 2027 from May 5, 2026. The final maturity date for the extended commitments was likewise extended to Oct. 18, 2028 from May 5, 2027.

Truist Securities, Inc. is the bookrunner, also acting as a joint lead arranger with BofA Securities, Inc. Bank of America, NA is the syndication agent.

MUFG Bank, Ltd., Sumitomo Mitsui Banking Corp., HSBC Bank USA, NA, State Street Bank and Trust Co., Santander Bank, NA, Industrial and Commercial Bank of China, Ltd., New York Branch, Morgan Stanley Bank, NA, ING Capital, LLC, Barclays, BNP Paribas, CIBC Bank USA and CIT Finance LLC are listed as lenders.

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

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