Goldman Sachs BDC lowers revolver’s minimum asset coverage ratio

By Wendy Van Sickle

Columbus, Ohio, Sept. 17 – Goldman Sachs BDC, Inc. amended its senior secured revolving credit agreement to reduce the minimum asset coverage ratio to 150 basis points from 200 bps, according to a press release.

This amendment follows the passage of the Small Business Credit Availability Act in March, which seeks to increase the availability of funding to middle market U.S. companies by increasing capital available to business development companies, according to the release.

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

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