Goldman Sachs Bdc, Inc. (GSBD) SEC Filing 10-Q Quarterly Report for the period ending Thursday, March 31, 2022

Net investment income per share for the quarter ended March 31, 2022 was $0.49. Excluding purchase discount amortization per share of $0.04 from the Merger (as defined below), adjusted net investment income per share was $0.45, equating to an annualized net investment income yield on book value of 11.4%.¹ Earnings per share for the quarter ended March 31, 2022 was $0.39;

The Company’s Board of Directors declared a regular second quarter dividend of $0.45 per share payable to shareholders of record as of June 30, 2022²;

Net asset value per share for the quarter ended March 31, 2022 decreased 0.4% to $15.80 from $15.86 as of December 31, 2021;

During the quarter, the Company made new investment commitments of $131.7 million, funded new investment commitments of $46.8 million, and had fundings of previously unfunded commitments of $67.2 million. Sales and repayments activity totaled $120.3 million, resulting in a net funded portfolio change of $(6.2) million;

The Company’s net debt to equity ratio was 1.15x as of March 31, 2022 and 1.14x as of December 31, 2021;

As of March 31, 2022, the Company’s total investments at fair value and commitments were $3,930.2 million, comprised of investments in 124 portfolio companies across 38 industries. The investment portfolio was comprised of 97.2% senior secured debt, including 89.3% in first lien investments;³

As of March 31, 2022, investments on non-accrual status amounted to 2.2% and 2.8% of the total investment portfolio at fair value and amortized cost, respectively;

As of March 31, 2022, 54.1% of the Company’s approximately $1,876.5 million of total principal amount of debt outstanding was in unsecured debt and 45.9% was in secured debt.

As of

March 31, 2022

As of

December 31,
2021

Investment portfolio, at fair value³

Total debt outstanding⁴

Net assets

Net asset value per share

Net debt to equity