Goldman Sachs Private Credit Corp.·8-K

Jul 1, 8:10 AM ET

Compare

Goldman Sachs Private Credit Corp. 8-K

Research Summary

AI-generated summary

Updated

Goldman Sachs Private Credit Corp. Reports Share Sales, May Distribution

What Happened

  • Goldman Sachs Private Credit Corp. filed an 8‑K (Accession 0001193125-26-291587) disclosing three items: (1) unregistered sales of new shares as of June 1, 2026 (final share counts determined June 25, 2026), (2) the Board-declared May 2026 monthly distribution payable on or about July 7, 2026, and (3) May 31, 2026 net asset value (NAV), portfolio fair value and fund leverage metrics. The share sales were made under exemptions to registration (Section 4(a)(2), Regulation D and/or Regulation S) with purchasers representing they were accredited investors and/or non-U.S. persons.

Key Details

  • Unregistered share sales (amounts shown in filing in thousands): Class I — 3,377,931 shares for $83,398 (≈ $83.398M); Class S — 22,569 shares for $557 (≈ $0.557M); Class D — 4,050 shares for $100 (≈ $0.100M).
  • May 2026 distribution (declared May 6, 2026; record date May 29, 2026; payable ~July 7, 2026): $0.1850 gross per share for Class I/S/D. Net per share after servicing/fees: Class I $0.1850, Class S $0.1677, Class D $0.1799. Annualized distribution yield for Class I = 9.0%.
  • NAV and portfolio size (as of May 31, 2026): total NAV ≈ $9.4 billion; NAV per share = $24.69 for Class I/S/D; fair value of investment portfolio ≈ $17.0 billion.
  • Fund leverage (as of May 31, 2026): 0.8x (calculated as average daily borrowings divided by average net assets for the month). Total-return (NAV basis) metrics through May 31, 2026 were provided (e.g., Class I 1‑month 0.9%, YTD 2.5%, 1‑year 7.8%, inception-to-date 9.6%).

Why It Matters

  • The filing shows the company raised additional capital through private (unregistered) share issuances, disclosed current monthly cash distributions, and reported scale and leverage metrics that help investors assess size and funding structure. NAV, portfolio fair value and the 0.8x leverage figure give a snapshot of fund size and leverage usage; the declared distribution and reported yields indicate current income paid to shareholders. These are operational and capital-structure facts investors use when evaluating dividend sustainability and the company’s financing profile.

Loading document...