Goldman Sachs BDC Prices $400M Notes Offering at 5.1% Due 2029
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Source: seekingalpha
- Bond Offering Size: Goldman Sachs BDC successfully priced a $400M offering of 5.1% notes maturing in 2029, which will enhance the company's capital structure and support future financing needs.
- Clear 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, thereby reducing financial leverage and enhancing financial flexibility.
- Maturity Timeline: The notes are expected to be delivered on January 28, 2026, providing the company with liquidity over the next three years and ensuring stability amid market fluctuations.
- Market Outlook: Goldman Sachs BDC outlines $470.6M in new commitments for 2026, indicating sustained momentum in M&A activities and signaling future growth potential.
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 10.06 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.
4 Analyst Rating
0 Buy
3 Hold
1 Sell
Hold
Current: 9.320
Low
9.00
Averages
10.06
High
11.00
Current: 9.320
Low
9.00
Averages
10.06
High
11.00
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.
