Goldman Sachs Private Credit Corp. 8-K

What Happened
Goldman Sachs Private Credit Corp. announced on April 21, 2026 that it issued $750,000,000 aggregate principal amount of 6.150% notes due June 16, 2031 under a Sixth Supplemental Indenture (the “Notes”). The offering closed the same day. Interest on the Notes is 6.150% per year, paid semi‑annually on June 16 and December 16, beginning December 16, 2026. The Notes were sold to qualified institutional buyers under Rule 144A and to certain non‑U.S. investors under Regulation S.

Key Details

• Offering size and pricing: $750,000,000 principal; coupon 6.150%; maturity June 16, 2031.
• Net proceeds: approximately $732.55 million after initial purchaser discounts and estimated offering expenses.
• Use of proceeds: to repay a portion of outstanding borrowings under the Company’s credit facilities and for general corporate purposes.
• Ranking and terms: general unsecured obligations that rank pari passu with other unsecured unsubordinated debt, behind secured debt to the extent of asset collateral and structurally junior to subsidiary debt; include customary covenants (including specified asset coverage requirements) and a change‑of‑control repurchase right at 100% of principal plus accrued interest.
• Registration rights: the Company agreed to file an exchange registration statement to register the Notes (or, if that fails, a shelf registration) and may owe additional interest to holders if specified filing or effectiveness deadlines are missed.

Why It Matters
This 8‑K reports a new material debt issuance that creates a direct financial obligation for the Company (Item 2.03) and may affect the Company’s capital structure and interest expense. The Notes increase unsecured indebtedness by $750M while providing cash (≈$732.6M) to reduce credit‑facility borrowings and support general needs. Investors should note the fixed 6.150% coupon, the unsecured ranking (which affects recovery in a default), and the registration‑rights commitments that could lead to additional interest payments if timing requirements aren’t met.