Asia FX cautious amid US govt shutdown; yen tumbles after Takaichi’s LDP win
NEW YORK - Goldman Sachs BDC, Inc. (NYSE:GSBD), a specialty finance company with strong financial metrics according to InvestingPro data, including a healthy current ratio of 1.59 and steady revenue growth of 12%, has priced an offering of $400 million aggregate principal amount of 5.650% notes due 2030, according to a press release statement issued by the company.
The notes will mature on September 9, 2030, and can be redeemed in whole or in part at the company’s option at any time at par plus a make-whole premium, if applicable.
Goldman Sachs BDC plans to use the net proceeds to pay down debt under its revolving credit facility and for general corporate purposes. The offering is expected to close on or about September 9, 2025, subject to customary closing conditions.
The offering involves multiple financial institutions as joint book-running managers, including BofA Securities, HSBC Securities, MUFG Securities Americas, SMBC Nikko Securities America, Truist Securities, Barclays Capital, BNP Paribas Securities, CIBC World Markets, ING Financial Markets, Morgan Stanley, Santander US Capital Markets, and Goldman Sachs & Co.
Several firms are also acting as co-managers for the offering, including ICBC Standard Bank, R. Seelaus & Co., Raymond James & Associates, Wells Fargo Securities, and Academy Securities.
Goldman Sachs BDC is a specialty finance company regulated as a business development company under the Investment Company Act of 1940. The company primarily invests in middle-market companies in the United States and is externally managed by Goldman Sachs Asset Management, L.P., a wholly-owned subsidiary of The Goldman Sachs Group, Inc. With a market capitalization of $236.88 billion and a consistent dividend yield of 2.14%, the company maintains a ’FAIR’ financial health rating. For detailed analysis and additional insights, access the comprehensive Pro Research Report available on InvestingPro.
In other recent news, T. Rowe Price has garnered attention following Goldman Sachs’ announcement to invest up to $1 billion in the company. This strategic move involves Goldman acquiring up to 3.5% of T. Rowe Price’s common stock through open-market purchases, potentially making Goldman one of T. Rowe’s largest shareholders. The collaboration aims to deliver diversified market solutions for retirement and wealth investors. Meanwhile, Soho House & Co Inc. has agreed to a $2.7 billion acquisition deal led by MCR, offering public shareholders $9.00 per share in cash. This transaction represents a significant premium over the company’s previous stock price. Additionally, GridStor, backed by Goldman Sachs Asset Management, has secured a $50 million letter of credit from NORD/LB to support its battery energy storage projects in the U.S. These developments highlight a period of significant strategic investments and acquisitions within the industry.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.