Goldman Sachs BDC, Inc. Enters into Eleventh Amendment to its Senior Secured Revolving Credit Agreement
July 03, 2024 at 06:06 am
Share
Goldman Sachs BDC, Inc. announced on June 28, 2024, the company entered into an eleventh amendment to its senior secured revolving credit agreement (as amended, supplemented or otherwise modified and in effect from time to time, including by the Amendment, the Truist Revolving Credit Facility) with Truist Bank, as administrative agent, to, among other things, change the applicable benchmark with respect to Loans denominated in Canadian Dollars from the CDOR Screen Rate to the Term CORRA Reference Rate.
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.
GOLDMAN SACHS BDC, INC. 
