Goldman Sachs BDC, Inc. 8-K
Research Summary
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Goldman Sachs BDC Amends Revolving Credit Facility; Raises LC & Swingline
What Happened
- Goldman Sachs BDC, Inc. announced on December 17, 2025 that it entered into a thirteenth amendment to its senior secured revolving credit agreement (the “Thirteenth Amendment”) under its Truist Revolving Credit Facility. The amendment was made with Truist Bank (as Administrative Agent and Collateral Agent) and the lenders party to the facility.
Key Details
- The Thirteenth Amendment increases the letter of credit sublimit from $150,000,000 to $200,000,000.
- The swingline sublimit was also increased from $150,000,000 to $200,000,000.
- The underlying revolving credit agreement dates back to September 19, 2013 (as amended), and the Thirteenth Amendment is filed as Exhibit 10.1 to the 8-K.
- The Company is the borrower and certain subsidiaries are guarantors (solely for specified purposes in the agreement); Truist Bank serves as administrative agent.
Why It Matters
- Increasing the letter-of-credit and swingline sublimits expands the company’s short-term liquidity and flexibility to issue letters of credit or access swingline borrowing under the credit facility. For investors, this is a financing/capital structure action that can affect the company’s ability to manage cash needs, support investments or obligations, and respond to funding requirements without immediately tapping other sources of capital. The amendment itself does not report changes to earnings or management.
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