Welcome to our dedicated page for Goldman Sachs BDC SEC filings (Ticker: GSBD), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Goldman Sachs BDC, Inc. filings document the formal disclosures of a business development company focused on lending to U.S. middle-market companies. Its periodic reports and Forms 8-K record operating results, net investment income, NAV, investment portfolio composition, dividends and Regulation FD materials tied to earnings announcements.
The filing record also covers capital-structure and governance matters, including NYSE-listed common stock, senior unsecured note indentures, proxy materials for annual stockholder meetings, director elections, board-class matters, auditor ratification and board composition changes. These documents describe the company's externally managed BDC structure, portfolio composition, leverage and financing arrangements, and shareholder voting procedures.
Goldman Sachs BDC, Inc. announced that director Susan B. McGee has informed the board of her intention to resign from the board of directors and all its committees, effective March 31, 2026. She notified the board on March 15, 2026. The company and board expressed appreciation for her service and acknowledged her continued contributions through the remainder of her tenure.
Goldman Sachs BDC, Inc. reported board changes focused on how directors are grouped into classes, rather than adding or removing individuals. Effective February 25, 2026, the Board size was reduced from seven directors to six to reflect a vacancy created by a former director’s retirement on December 31, 2025.
The Board appointed Timothy J. Leach and Katherine P. Uniacke as Class III directors so each class represents about one‑third of the Board, consistent with the Company’s Amended and Restated Certificate of Incorporation. To enable this reallocation, Mr. Leach and Ms. Uniacke resigned from their prior Class I and Class II positions on that date, while Mr. Leach continues as Board Chairman and as chair or member of multiple key committees. The Company states that they have no disqualifying family relationships or material related‑party transactions under Item 404(a) of Regulation S‑K.
Goldman Sachs BDC, Inc. reported fourth-quarter and full-year 2025 results and detailed upcoming dividends. For Q4 2025, total investment income was $86.1 million versus $91.6 million in the prior quarter, with net investment income after taxes of $42.2 million, or $0.37 per share.
The investment portfolio stood at $3.26 billion at fair value and net asset value per share was $12.64, with net debt-to-equity leverage of 1.27x as of December 31, 2025. The board declared a first-quarter 2026 base dividend of $0.32 per share and a fourth-quarter 2025 supplemental dividend of $0.03 per share.
Loans underwritten on recurring revenue represented 11.0% of the portfolio at fair value, and 9.0% of Q4 total investment income came from payment-in-kind structures. Non-accrual investments were 1.9% of the portfolio at fair value and 2.8% at amortized cost.
Goldman Sachs BDC (GSBD) reports a broadly diversified investment portfolio primarily made up of 1st Lien/Senior Secured Debt across numerous private companies. Most positions are floating-rate loans priced at benchmarks such as SOFR, credit or prime plus stated spreads, often between about 4.5% and 7.5%, with several high-yield and PIK (payment-in-kind) structures like S + 9.50% or S + 12.00% on select names such as Streamland Media and Wine.com.
The portfolio spans sectors including software, health care technology and providers, commercial services and supplies, financial services, consumer services, industrials, energy equipment, and communications. Investments are primarily in the United States with additional exposure to Canada, the United Kingdom, India, Germany and Singapore. Alongside debt, GSBD also holds equity securities, preferred stock, and warrants in certain borrowers, plus interest rate swaps and foreign currency forward contracts used alongside specific holdings.
Goldman Sachs BDC, Inc. entered into a Fifth Supplemental Indenture and issued $400,000,000 aggregate principal amount of 5.100% notes due 2029. The notes mature on January 28, 2029 and pay interest semi-annually on January 28 and July 28, starting July 28, 2026.
The notes are general unsecured obligations, ranking senior to expressly subordinated debt, equal with other unsubordinated unsecured debt, and effectively or structurally junior to secured and subsidiary-level obligations. Net proceeds were approximately $392.5 million, which the company plans to use to pay down a portion of its senior secured revolving credit facility and for general corporate purposes.
Goldman Sachs BDC, Inc. filed a current report to let investors know when it will release upcoming results and discuss them publicly. The company plans to report its fourth quarter and full-year 2025 financial results after the market closes on Thursday, February 26, 2026.
Goldman Sachs BDC will then host an earnings conference call on Friday, February 27, 2026 at 9:00 a.m. Eastern Time to review and discuss the results. The details are provided through a press release attached as an exhibit to this report.
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.
Goldman Sachs BDC, Inc. entered into an underwriting agreement on January 21, 2026 with Goldman Sachs Asset Management, L.P. and SMBC Nikko Securities America, Inc., as representatives of a group of underwriters, to issue and sell $400,000,000 aggregate principal amount of its 5.100% notes due 2029.
The notes are being offered under the company’s effective Form N-2 shelf registration statement and related preliminary prospectus supplement and pricing term sheet filed on January 21, 2026. The agreement includes customary representations, closing conditions, indemnification and termination provisions, and the underwriters and their affiliates have provided, and may continue to provide, various financial and banking services to the company for customary fees.
Goldman Sachs BDC, Inc. is offering $400.0 million in aggregate principal amount of its 5.100% Notes due 2029. The Notes mature on January 28, 2029 and pay interest semiannually on January 28 and July 28, beginning July 28, 2026. They were priced at 99.283% of principal, with a 0.800% underwriting discount, for net proceeds of about $392.5 million before expenses.
The company plans to use the proceeds to pay down borrowings under its secured revolving credit facility and for general corporate purposes, with future reborrowing to make new investments. As of September 30, 2025, after giving effect to this offering and repayment of its 2.875% 2026 notes, total indebtedness would have been about $1,860.0 million, and its asset coverage ratio based on senior securities would have been 178%.
The Notes are unsecured, unsubordinated obligations ranking equally with GS BDC’s other unsecured unsubordinated debt and effectively behind about $553.0 million of secured debt. They are structurally subordinated to liabilities of subsidiaries. GS BDC may redeem the Notes at a make‑whole price before December 28, 2028 and at par thereafter, and holders can require repurchase at 100% of principal upon a qualifying change of control. The Notes are a new issue with no existing trading market.