Goldman Sachs BDC, Inc. Favorably Amends Its Revolving Credit Facility

Goldman Sachs BDC, Inc. (the “Company”) (NYSE: GSBD) announced today that it has favorably amended its senior secured revolving credit facility agreement with Truist Bank (formerly known as SunTrust Bank), as administrative agent (as amended, supplemented or otherwise modified and in effect from time to time, the “Truist Revolving Credit Facility”).

These amendments, among other things, include the reduction of the stated interest rate from LIBOR plus 2.00% to LIBOR plus 1.875%, subject to certain requirements, and the extension of the final maturity date from February 21, 2023 to February 25, 2025. In addition, upon the consummation of the Company’s merger with Goldman Sachs Middle Market Lending Corp. (“MMLC”), the size of the Truist Revolving Credit Facility will be increased from $795 million to $1,695 million and the accordion feature will be increased to allow the Company to increase the total facility size from up to $1,000 million to up to $2,250 million, subject to certain other limited conditions.

“We believe these changes to our revolving credit facility further strengthen the Company’s balance sheet and funding profile. Furthermore, we are gratified by the support from both our lending syndicates in Goldman Sachs BDC, Inc. and Goldman Sachs Middle Market Lending Corp. to increase the size of GSBD’s revolving credit facility upon the consummation of a merger with MMLC,” said Jonathan Lamm, CFO of Goldman Sachs BDC, Inc.

For further information, please see the Company’s current report on Form 8-K filed with the Securities and Exchange Commission on February 27, 2020.

About Goldman Sachs BDC, Inc.

Goldman Sachs BDC, Inc. is a specialty finance company that has elected to be regulated as a business development company under the Investment Company Act of 1940. GS BDC was formed by The Goldman Sachs Group, Inc. (“Goldman Sachs”) to invest primarily in middle-market companies in the United States, and is externally managed by Goldman Sachs Asset Management, L.P., an SEC-registered investment adviser and a wholly-owned subsidiary of Goldman Sachs. GS BDC 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. For more information, visit www.goldmansachsbdc.com. Information on the website is not incorporated by reference into this press release and is provided merely for convenience.

Contacts

Goldman Sachs BDC, Inc.
Investor Contact: Katherine Schneider, 212-902-3122
Media Contact: Patrick Scanlan, 212-902-6164