Goldman Sachs Private Credit Corp. 8-K
Research Summary
AI-generated summary
Goldman Sachs Private Credit Corp. Reports Unregistered Share Sales and April Distribution
What Happened
- Goldman Sachs Private Credit Corp. filed an 8-K on May 26, 2026 reporting (1) unregistered sales of equity (completed as of May 1, 2026, with final share counts determined May 22, 2026), (2) the Board-declared April 2026 distribution (declared Feb 25, 2026; payable on or about May 28, 2026 to holders of record April 30, 2026), and (3) April 30, 2026 net asset values (NAV), portfolio fair value and fund leverage.
- The company sold Class I and Class S shares pursuant to subscription agreements relying on exemptions from registration under Section 4(a)(2), Regulation D and/or Regulation S; purchasers represented they were accredited investors and/or Non-U.S. Persons.
Key Details
- Unregistered share sales (as reported): Class I — 3,372,858 shares for $83,185 (in thousands) = $83,185,000; Class S — 40,546 shares for $1,000 (in thousands) = $1,000,000; Class D — none reported.
- April 2026 distribution (declared Feb 25; payable ~May 28): Gross per-share $0.1850 for Class I, S and D. Net per-share after servicing/ distribution fees: Class I $0.1850 (annualized yield 9.0%), Class S $0.1678 (8.2%), Class D $0.1799 (8.8%).
- NAV and portfolio: Total NAV approx. $9.3 billion as of April 30, 2026; NAV per share $24.66 for all classes; fair value of investment portfolio approx. $16.9 billion.
- Fund leverage: 0.8x as of April 30, 2026 (calculated as average daily borrowings divided by average net assets for the month).
Why It Matters
- The filing gives investors updated liquidity and capital-raising information (notable $83.2M Class I sale) and confirms the company's cash distribution level and yields for April 2026, which affect income-focused shareholders.
- NAV, portfolio fair value and leverage figures provide a snapshot of the fund’s size and borrowing use as of April 30, 2026; investors should use these facts (not forward-looking promises) when assessing risk, income expectations and portfolio exposure.
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