Reported Earlier, Goldman Sachs BDC Prices Public Offering Of $400M 6.375% Unsecured Notes Due 2027
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs BDC (GSBD) has priced a public offering of $400M 6.375% unsecured notes due 2027. The notes will mature on March 11, 2027, and can be redeemed at any time at par plus a make-whole premium. The proceeds will be used to pay down debt under its revolving credit facility.
March 07, 2024 | 6:15 am
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Goldman Sachs BDC prices $400M in unsecured notes to pay down debt, potentially improving its financial stability.
By issuing $400M in unsecured notes, GSBD is taking a significant step to manage its debt, which could improve its financial health and stability. This move is likely to be viewed positively by investors as it demonstrates proactive financial management. The use of proceeds to pay down existing debt under its revolving credit facility could reduce interest expenses and improve liquidity, potentially leading to a positive impact on the stock price in the short term.
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