Goldman Sachs BDC, Inc. reports recurring developments as a specialty finance company that has elected to be regulated as a business development company under the Investment Company Act of 1940. The company invests primarily in U.S. middle-market companies and is externally managed by Goldman Sachs Asset Management, L.P.
News releases typically cover quarterly financial results, net investment income, net asset value, portfolio yield and credit statistics, base and supplemental dividends, and earnings-call schedules. Company updates also address the composition of its investment portfolio, including senior secured debt, first lien, unitranche, second lien, mezzanine and select equity investments, along with share repurchase and other capital-structure disclosures.
Goldman Sachs BDC (NYSE: GSBD) reported its Q2 2024 financial results, showing net investment income per share at $0.59 and an adjusted net investment income per share of $0.57. Earnings per share were $(0.47), with a 6% decrease in NAV per share to $13.67. Total investments at fair value were $3.998 billion, with a portfolio primarily comprised of senior secured debt (98%). Gross originations were $440 million, with net funded investment activity of $180.1 million. Two portfolio companies were placed on non-accrual status, representing 3.4% of the portfolio at fair value. The net debt-to-equity ratio increased to 1.19x. The Board declared a quarterly dividend of $0.45 per share, payable on October 28, 2024. During the quarter, GSBD raised approx. $69.2 million through share issuance. The total investment income decreased to $108.6 million, primarily due to investments on non-accrual status. Net realized and unrealized losses were $121.4 million.
Goldman Sachs BDC (NYSE: GSBD) announced it will report its financial results for the second quarter ending June 30, 2024, after the market closes on August 8, 2024. The company will host an earnings conference call the next day, August 9, 2024, at 9:00 am Eastern Time to discuss these results. Interested parties can participate via telephone or an audio webcast available on the Investor Resources section of the GS BDC website. Domestic listeners can dial (800) 289-0459, while international callers should use +1 (929) 477-0443, referencing conference ID 427709 for listen-only access. For Q&A participation, domestic callers can dial (866) 575-6539 and international callers can use +1 (929) 477-0448, referencing conference ID 2384559. An archived replay will be available on the same website link.
Goldman Sachs BDC, Inc. reported strong financial results for the first quarter of 2024, with net investment income per share of $0.55 and adjusted net investment income per share of $0.54. Earnings per share were $0.39, and the net asset value per share decreased slightly to $14.55. The company's investment portfolio comprised mainly of senior secured debt, with total investments at fair value and commitments amounting to $3,954.8 million. The Company also declared a quarterly dividend of $0.45 per share and closed a public offering of $400.0 million aggregate principal amount of unsecured notes due 2027. Despite some investments on non-accrual status, the Company's financial position remains strong.
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