Goldman Sachs BDC addendum for 5.100% 2029 notes

Goldman Sachs BDC, Inc. has issued a prospectus addendum that allows its affiliates, including Goldman Sachs & Co. LLC, to use the document for secondary market-making in its outstanding 5.100% notes due 2029.

Rhea-AI Filing Summary

Goldman Sachs BDC, Inc. has issued a prospectus addendum that allows its affiliates, including Goldman Sachs & Co. LLC, to use the document for secondary market-making in its outstanding 5.100% notes due 2029.

These affiliates may buy or sell the notes as principal or agent at prices tied to prevailing market levels, and Goldman Sachs BDC will not receive any proceeds from these secondary transactions. The notes were originally offered under a prospectus supplement dated January 21, 2026 and a base prospectus dated September 29, 2023. The company is an externally managed business development company focused on lending to middle-market businesses and notes that investing in the notes involves a high degree of risk, directing investors to its risk factor disclosures.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What does the Goldman Sachs BDC (GSBD) prospectus addendum for 5.100% notes due 2029 do?

The addendum lets Goldman Sachs BDC affiliates use this document for secondary market-making in its 5.100% notes due 2029. They may trade as principal or agent using prevailing market prices, without Goldman Sachs BDC receiving any proceeds from those transactions.

Who can use the Goldman Sachs BDC (GSBD) addendum to trade the 5.100% notes due 2029?

Affiliates of Goldman Sachs BDC, including Goldman Sachs & Co. LLC, may use the addendum in connection with secondary market-making transactions. They can act as either principal or agent and may discontinue market-making at any time, in their sole discretion, without prior notice.

Does Goldman Sachs BDC (GSBD) receive proceeds from secondary sales of the 5.100% notes due 2029?

Goldman Sachs BDC does not receive any proceeds from affiliate secondary market sales of the 5.100% notes due 2029. Any proceeds from these market-making transactions go to the affiliates involved, while the issuer’s capital structure remains unchanged by these secondary trades.

What type of company is Goldman Sachs BDC (GSBD) as described in the addendum?

Goldman Sachs BDC is an externally managed, non-diversified, closed-end management investment company that has elected to be regulated as a business development company. It focuses on lending to middle-market companies, generally those with $5 million to $200 million of annual EBITDA, excluding certain one-time items.

What is Goldman Sachs BDC’s (GSBD) investment objective mentioned in the addendum?

Goldman Sachs BDC aims to generate current income and, to a lesser extent, capital appreciation. It primarily originates secured debt such as first lien, unitranche and second lien loans, as well as unsecured mezzanine debt, and also makes select equity investments in middle-market companies.

What risk disclosure does the Goldman Sachs BDC (GSBD) addendum highlight for the 5.100% notes due 2029?

The addendum states that investing in the notes involves a high degree of risk and is highly speculative. Investors are directed to review the “Risk Factors” sections in Goldman Sachs BDC’s latest annual and quarterly reports and the related prospectus documents before purchasing the notes.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 01/28/2026 - 09:16 PM Learn about SEC filing dates

0001572694false424B2 0001572694 2026-01-28 2026-01-28

Filed Pursuant to Rule 424(b)(2)
Registration Statement No. 333-274797

Prospectus Addendum

(to Prospectus dated September 29, 2023)

GOLDMAN SACHS BDC, INC.

5.100% Notes due 2029

Affiliates of Goldman Sachs BDC, Inc. (“GS BDC”), including Goldman Sachs & Co. LLC, may use this prospectus addendum in connection with offers and sales in secondary markets related to market-making transactions in GS BDC’s outstanding 5.100% notes due 2029 (the “Notes”). These affiliates of GS BDC may act as principal or agent in those transactions. Secondary market sales by any of these affiliates will be made at prices related to prevailing market prices at the time of sale. GS BDC will not receive any of the proceeds of those sales. These affiliates of GS BDC do not have any obligation to make a market in the Notes, and may discontinue their market-making activities at any time without notice, in their sole discretion.

The Notes being offered by use of this prospectus addendum were initially offered and sold pursuant to the GS BDC prospectus supplement, dated January 21, 2026, and the GS BDC prospectus, dated September 29, 2023. You should refer to these documents for information regarding the terms of the Notes. Unless you are informed otherwise in the confirmation of sale, this prospectus addendum is being used in a market-making transaction.

GS BDC is an externally managed specialty finance company that is a non-diversified, closed-end, management investment company that has elected to be regulated as a business development company (“BDC”) under the Investment Company Act of 1940, as amended (the “Investment Company Act”). GS BDC is focused on lending to “middle-market companies,” a term GS BDC generally uses to refer to companies with between $5 million and $200 million of annual earnings before interest expense, income tax expense, depreciation and amortization (“EBITDA”) excluding certain one-time, and non-recurring items that are outside the operations of these companies. GS BDC’s investment objective is to generate current income and, to a lesser extent, capital appreciation primarily through direct originations of secured debt, including first lien, unitranche, including last out portions of such loans, and second lien debt, and unsecured debt, including mezzanine debt, as well as through select equity investments.

Investing in the Notes involves a high degree of risk and is highly speculative. Before investing in the Notes, you should read the discussion of the material risks of investing in GS BDC’s securities in the section titled “Risk Factors” in GS BDC’s most recent Annual Report on Form 10-K, any subsequent Quarterly Report on Form 10-Q, and in the prospectus supplement and prospectus referenced above.

Neither the SEC nor any state securities commission, nor any other regulatory body, has approved or disapproved of these securities or determined if this prospectus supplement or the accompanying prospectus is truthful or complete. Any representation to the contrary is a criminal offense.

Goldman Sachs & Co. LLC

Prospectus Addendum dated January 28, 2026.