Offering Details: Goldman Sachs BDC, Inc. has priced a $400 million offering of 5.650% notes due September 9, 2030, which may be redeemed at the Company's option at par plus a premium.
Use of Proceeds: The net proceeds from this offering will be used to pay down debt under its revolving credit facility and for general corporate purposes.
Management and Underwriters: A group of financial institutions, including BofA Securities and HSBC Securities, are acting as joint book-running managers for the offering, with several others serving as co-managers.
Investment Considerations: Investors are advised to review the investment objectives, risks, and related documents filed with the SEC before investing, as the offering is subject to customary closing conditions.
GSBD
$9.81+Infinity%1D
Analyst Views on GSBD
Wall Street analysts forecast GSBD stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for GSBD is 10.00 USD with a low forecast of 9.00 USD and a high forecast of 11.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
3 Analyst Rating
Wall Street analysts forecast GSBD stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for GSBD is 10.00 USD with a low forecast of 9.00 USD and a high forecast of 11.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Buy
2 Hold
1 Sell
Moderate Sell
Current: 9.820
Low
9.00
Averages
10.00
High
11.00
Current: 9.820
Low
9.00
Averages
10.00
High
11.00
Lucid Capital
Neutral
initiated
$10.50
2025-12-15
New
Reason
Lucid Capital
Price Target
$10.50
2025-12-15
New
initiated
Neutral
Reason
Lucid Capital initiated coverage of Goldman Sachs BDC with a Neutral rating and $10.50 price target. The firm says the company is is making progress improving its asset quality as it rotates away from legacy investments originated prior to its full platform integration. However, the firm sees near-term risks to Goldman Sachs BDC's back book and performance.
BofA
Neutral
downgrade
2025-11-21
Reason
BofA
Price Target
2025-11-21
downgrade
Neutral
Reason
BofA lowered the firm's price target on Goldman Sachs BDC to $9.75 from $10.75 and keeps a Neutral rating on the shares. The firm is adjusting estimates and price targets among its business development company coverage following quarterly earnings reports from the group.
Wells Fargo
Finian O'Shea
Underweight
downgrade
$10 -> $9
2025-11-10
Reason
Wells Fargo
Finian O'Shea
Price Target
$10 -> $9
2025-11-10
downgrade
Underweight
Reason
Wells Fargo analyst Finian O'Shea lowered the firm's price target on Goldman Sachs BDC to $9 from $10 and keeps an Underweight rating on the shares. The firm is also lowering its adjusted NOI estimates to $1.50, $1.17 and $1.21 for 2025 through 2027, respectively, down from $1.46, $1.20 and $1.25 previously. As with peers, SOFR and new deployment spreads are an incremental headwind on the go-forward, Wells adds.
BofA
Neutral
downgrade
$12
2025-05-19
Reason
BofA
Price Target
$12
2025-05-19
downgrade
Neutral
Reason
About GSBD
Goldman Sachs BDC, Inc. is a specialty finance company focused on lending to middle-market companies. The Company seeks to generate current income and, to a lesser extent, capital appreciation primarily through direct originations of secured debt, including first lien, first lien/last-out unitranche and second lien debt, and unsecured debt, including mezzanine debt, as well as through select equity investments. It may also originate covenant-lite loans, which are loans with fewer financial maintenance covenants than other obligations, or no financial maintenance covenants. In addition to investments in United States middle-market companies, it may invest a portion of its capital in opportunistic investments, such as in large United States companies, foreign companies, stressed or distressed debt, structured products or private equity. It invests in various sectors, including automobiles, chemicals and financial services. Its investment advisor is Goldman Sachs Asset Management, L.P.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
