GOLDMAN SACHS BDC, INC. (NYSE:GSBD) Files An 8-K Other EventsItem 8.01 – Other Events.
On May3, 2018, the Goldman Sachs BDC, Inc. (the “Company”) issued a press release announcing that it has filed a preliminary proxy statement containing a unanimous recommendation by its board of directors to approve a proposal that would permit the Company to reduce the asset coverage requirements applicable to the Company under the Investment Company Act of 1940, as amended, from 200% to 150%. If the proposal is approved, the Company’s investment advisor, Goldman Sachs Asset Management, L.P. (“GSAM”), and the Company will reduce the base management fee payable to GSAM from 1.5% of average gross assets to 1.0% of average gross assets beginning immediately upon receipt of stockholder approval. The text of the press release is included as Exhibit 99.1 to this Form 8-K.
Item 8.01 – Financial Statements and Exhibits.
(d) Exhibits:
Goldman Sachs BDC, Inc. ExhibitEX-99.(1) 2 d579915dex991.htm PRESS RELEASE OF GOLDMAN SACHS BDC,…To view the full exhibit click here
About GOLDMAN SACHS BDC, INC. (NYSE:GSBD)
Goldman Sachs BDC, Inc., formerly Goldman Sachs Liberty Harbor Capital, LLC, is a closed-end management investment company. The Company is focused on lending to middle-market companies. Its investment objective is to generate current income and capital appreciation through direct originations of secured debt, including first lien, first lien/last-out unitranche and second lien debt, and unsecured debt, including mezzanine debt, as well as through select equity investments. It focuses on lending to the United States middle-market companies. Its portfolio includes first lien/senior secured debt, first lien/last-out unitranche, second lien/senior secured debt, preferred stock, common stock, and investment funds and vehicles. It invests in healthcare providers and services, textiles, apparel and luxury goods, semiconductors and semiconductor equipment, automobiles, and energy equipment and services sectors. Goldman Sachs Asset Management, L.P. is the investment advisor of the Company.
