Goldman Sachs BDC plans to pay down revolver from new notes

Chicago, March 6 – Goldman Sachs BDC, Inc. will use the proceeds of a benchmark offering of senior notes to pay down debt under its revolving credit facility, according to a 424B2 filing with the Securities and Exchange Commission.

As of Dec. 31, Goldman had $972.2 million outstanding on its revolving credit facility due Oct. 18, 2028. The weighted average interest rate was 6.98%.

Later, Goldman will reborrow under the revolver to make new investments.

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

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