Goldman Sachs BDC, Inc. Provides Earnings Guidance for the First Quarter Ended March 31, 2020
April 20, 2020 at 06:30 am
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Goldman Sachs BDC, Inc. provided earnings guidance for the first quarter ended March 31, 2020. For the quarter, the company expects total investment income of $31.7 million to $32.3 million. Net investment income after taxes expects to be in the range of $18.0 million to $18.4 million. Loss per share (basic and diluted) expected to be in the range of $1.55 to $1.61.
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. 
