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

SEC Filings

GSBD Quarterly Reports

Goldman Sachs Bdc, Inc.

CIK: 1572694 Ticker: GSBD

Exhibit 99.1

 

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Goldman Sachs BDC, Inc. Reports March 31, 2022 Financial Results and Announces Quarterly Dividend of $0.45 Per Share

Company Release – May 5, 2022

NEW YORK — (BUSINESS WIRE) — Goldman Sachs BDC, Inc. (“GSBD” or the “Company”) (NYSE: GSBD) today reported financial results for the first quarter ended March 31, 2022 and filed its Form 10-Q with the U.S. Securities and Exchange Commission.

QUARTERLY HIGHLIGHTS

 

   

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.

SELECTED FINANCIAL HIGHLIGHTS

 

(in $ millions, except per share data)   

As of

March 31, 2022

    

As of

December 31,
2021

 

Investment portfolio, at fair value3

   $ 3,476.7      $ 3,478.4  

Total debt outstanding4

   $ 1,876.5      $ 1,873.7  

Net assets

   $ 1,610.0      $ 1,614.4  

Net asset value per share

   $ 15.80      $ 15.86  

Net debt to equity

     1.15x        1.14x  


The following information was filed by Goldman Sachs Bdc, Inc. (GSBD) on Thursday, May 5, 2022 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Goldman Sachs Bdc, Inc.'s Definitive Proxy Statement (Form DEF 14A) filed after their 2022 10-K Annual Report includes:

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Inside Goldman Sachs Bdc, Inc.'s 10-Q Quarterly Report:
Ticker: GSBD
CIK: 1572694
Form Type: 10-Q Quarterly Report
Accession Number: 0000950170-22-007837
Submitted to the SEC: Thu May 05 2022 4:13:08 PM EST
Accepted by the SEC: Thu May 05 2022
Period: Thursday, March 31, 2022
Industry: 1572694

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