Goldman Sachs BDC (NYSE: GSBD) raises LC and swingline limits

Rhea-AI Filing Summary

Goldman Sachs BDC, Inc. entered into a thirteenth amendment to its senior secured revolving credit agreement with Truist Bank and other lenders. The amendment increases the letter of credit sublimit from $150,000,000 to $200,000,000 and raises the swingline sublimit from $150,000,000 to $200,000,000. The agreement continues to be supported by subsidiary guarantors for certain provisions and Truist Bank acts as administrative agent.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): December 17, 2025

GOLDMAN SACHS BDC, INC.

(Exact name of registrant as specified in its charter)

Delaware		814-00998		46-2176593
(State or Other Jurisdiction of Incorporation)		(Commission File Number)		(I.R.S. Employer Identification No.)

200 West Street, New York, New York		10282
(Address of Principal Executive Offices)		(Zip Code)

Registrant’s telephone number, including area code: (312) 655-4419

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Common Stock, par value $0.001 per share		GSBD		The New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act of 1934.

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 1.01 - Entry into a Material Definitive Agreement.

On December 17, 2025, Goldman Sachs BDC, Inc. (the “Company”) entered into a thirteenth amendment to its senior secured revolving credit agreement (the “Thirteenth Amendment”), dated as of September 19, 2013 (as amended, supplemented or otherwise modified from time to time, including by the Thirteenth Amendment, the “Truist Revolving Credit Facility”), by and among the Company, as borrower, the subsidiary guarantors party thereto (solely for purposes of Section 5.10), Truist Bank, as administrative agent and the lenders from time to time party thereto.

The Thirteenth Amendment, among other things, increased the letter of credit sublimit from $150,000,000 to $200,000,000 and the swingline sublimit from $150,000,000 to $200,000,000.

The foregoing description is only a summary of certain provisions of the Thirteenth Amendment and is qualified in its entirety by reference to a copy of the Thirteenth Amendment, which is filed as Exhibit 10.1 to this Current Report on Form 8-K and incorporated by reference herein.

Item 2.03 - Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

The information set forth under Item 1.01 above is incorporated by reference into this Item 2.03.

Item 9.01 - Financial Statements and Exhibits.

(d) Exhibits:

Exhibit Number		Description
10.1*		Thirteenth Amendment to the Senior Secured Revolving Credit Agreement, dated as of December 17, 2025, by and among Goldman Sachs BDC, Inc., as Borrower, the lenders party thereto, Truist Bank, as Administrative Agent and as Collateral Agent, and the other parties thereto.
104		Cover Page Interactive Data File (embedded within the Inline XBRL document)

* Certain schedules have been omitted pursuant to Item 601(a)(5) of Regulation S-K. The Company agrees to furnish supplementally a copy of any omitted schedule to the SEC upon its request.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

				GOLDMAN SACHS BDC, INC. (Registrant)
Date: December 22, 2025				By:		/s/ Vivek Bantwal
				Name:		Vivek Bantwal
				Title:		Co-Chief Executive Officer
				By:		/s/ David Miller
				Name:		David Miller
				Title:		Co-Chief Executive Officer

FAQ

What did Goldman Sachs BDC, Inc. (GSBD) change in its Truist Revolving Credit Facility?

Goldman Sachs BDC, Inc. entered into a thirteenth amendment to its senior secured revolving credit agreement, referred to as the Truist Revolving Credit Facility, with Truist Bank as administrative agent and the lenders party to the agreement.

How did the thirteenth amendment affect GSBD's letter of credit sublimit?

The thirteenth amendment increased the letter of credit sublimit under the Truist Revolving Credit Facility from $150,000,000 to $200,000,000.

What change was made to GSBD's swingline sublimit in the amended credit agreement?

The swingline sublimit under the Truist Revolving Credit Facility was increased from $150,000,000 to $200,000,000.

Who are the key parties to Goldman Sachs BDC, Inc.'s amended revolving credit agreement?

The key parties are Goldman Sachs BDC, Inc. as borrower, certain subsidiary guarantors for specified purposes, Truist Bank as administrative agent and collateral agent, and the lenders from time to time party to the agreement.

Where can investors find the full details of GSBD's thirteenth amendment to the credit agreement?

The complete thirteenth amendment is filed as Exhibit 10.1, titled "Thirteenth Amendment to the Senior Secured Revolving Credit Agreement, dated as of December 17, 2025," and is incorporated by reference.

Does the 8-K identify any new off-balance sheet obligations for GSBD?

The information about the creation of a direct financial obligation or an obligation under an off-balance sheet arrangement is incorporated by reference from the description of the thirteenth amendment under Item 1.01.