What Goldman Sachs BDC, Inc. does.

We are a specialty finance company focused on lending to middle-market companies. We are a closed-end management investment company that has elected to be regulated as a BDC under the Investment Company Act of 1940, as amended (the “Investment Company Act”). In addition, we have elected to be treated as a RIC, and we expect to qualify annually for tax treatment as a RIC, commencing with our taxable year ended December 31, 2013. From our formation in 2012 through December 31, 2025, we originated approximately $9.88 billion in aggregate principal amount of debt and equity investments prior to any subsequent exits and repayments. We seek to generate current income and, to a lesser extent, capital appreciation primarily through direct originations of secured debt, including first lien, unitranche debt, including last-out portions of such loans, and second lien debt, and unsecured debt, including mezzanine debt, as well as through select equity investments.

“Unitranche” loans are first lien loans that may extend deeper in a borrower’s capital structure than traditional first lien debt and may provide for a waterfall of cash flow priority between different lenders in such loan. In a number of instances, we may find another lender to provide the “first-out” portion of a unitranche loan while we retain the “last-out” portion of such loan, in which case, the “first-out” portion of the loan would generally receive priority with respect to the payment of principal, interest and any other amounts due thereunder as compared to the “last-out” portion that we would continue to hold. In exchange for taking greater risk of loss, the “last-out” portion generally earns a higher interest rate than the “first-out” portion of the loan. We use the term “mezzanine” to refer to debt that ranks senior in right of payment only to a borrower’s equity securities and ranks junior in right of payment to all of such borrower’s other indebtedness. We may make multiple investments in the same portfolio company.

Revenue and profit, by fiscal year.

More on GSBD.

• Goldman Sachs BDC, Inc. summary
• Goldman Sachs BDC, Inc. financial statements
• Goldman Sachs BDC, Inc. key metrics
• Goldman Sachs BDC, Inc. health scores and style box
• Goldman Sachs BDC, Inc. earnings
• Goldman Sachs BDC, Inc. dividends
• Goldman Sachs BDC, Inc. valuation
• Goldman Sachs BDC, Inc. ownership and insiders
• Goldman Sachs BDC, Inc. peers

Figures from Goldman Sachs BDC, Inc.'s filings with the U.S. SEC, standardised automatically; prices are end-of-day closes. Not financial advice.