NEW YORK -- (Business Wire)
Goldman Sachs BDC, Inc. (the “Company”) (NYSE:GSBD) announced today that
Fitch Ratings (“Fitch”) has assigned the Company an investment grade
rating of BBB-; the rating outlook is stable.
“We are pleased to receive an investment grade rating from Fitch, which
we believe reflects both the quality of GSBD’s investment portfolio and
the strength of Goldman Sachs Asset Management’s (“GSAM’s”) platform. We
are particularly gratified by Fitch’s acknowledgment of GSAM’s
differentiated risk management and proprietary loan sourcing
capabilities in its assessment,” said Brendan McGovern, CEO of the
Company.
“The investment grade rating from Fitch is noteworthy as we seek to
capitalize on the broader range of financing strategies available to the
Company following the passage of the Small Business Credit Availability
Act,” added Jonathan Lamm, CFO of the Company. “We believe all of our
stakeholders benefit from prudent balance sheet management, which
facilitates ongoing access to both debt and equity capital markets.”
ABOUT GOLDMAN SACHS BDC, INC.
Goldman Sachs BDC, Inc. is a specialty finance company that has elected
to be regulated as a business development company under the Investment
Company Act of 1940. GS BDC was formed by The Goldman Sachs Group, Inc.
(“Goldman Sachs”) to invest primarily in middle-market companies in the
United States, and is externally managed by Goldman Sachs Asset
Management, L.P., an SEC-registered investment adviser and a
wholly-owned subsidiary of Goldman Sachs. GS BDC seeks to generate
current income and, to a lesser extent, capital appreciation primarily
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.
For more information, visit www.goldmansachsbdc.com.
Information on the website is not incorporated by reference into this
press release and is provided merely for convenience.
FORWARD-LOOKING STATEMENTS
This press release may contain forward-looking statements that involve
substantial risks and uncertainties. You can identify these statements
by the use of forward-looking terminology such as “may,” “will,”
“should,” “expect,” “anticipate,” “project,” “target,” “estimate,”
“intend,” “continue,” or “believe” or the negatives thereof or other
variations thereon or comparable terminology. You should read statements
that contain these words carefully because they discuss our plans,
strategies, prospects and expectations concerning our business,
operating results, financial condition and other similar matters. These
statements represent the Company’s belief regarding future events that,
by their nature, are uncertain and outside of the Company’s control. We
believe that it is important to communicate our future expectations to
our investors. There are likely to be events in the future, however,
that we are not able to predict accurately or control. Any
forward-looking statement made by us in this press release speaks only
as of the date on which we make it. Factors or events that could cause
our actual results to differ, possibly materially from our expectations,
include, but are not limited to, the risks, uncertainties and other
factors we identify in the sections entitled “Risk Factors” and
“Cautionary Statement Regarding Forward-Looking Statements” in filings
we make with the Securities and Exchange Commission, and it is not
possible for us to predict or identify all of them. We undertake no
obligation to update or revise publicly any forward-looking statements,
whether as a result of new information, future events or otherwise,
except as required by law.
View source version on businesswire.com: https://www.businesswire.com/news/home/20180618006249/en/
Contacts:
Goldman Sachs BDC, Inc.
Investors:
Katherine Schneider,
212-902-3122
or
Media:
Andrew Williams, 212-902-5400
Source: Goldman Sachs BDC, Inc.
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