Goldman Sachs BDC and Goldman Sachs Middle Market Lending obtained stockholder approval of all of the proposals related to the merger of the two companies.
At each of Goldman Sachs BDC’s and Goldman Sachs Middle Market Lending’s respective special meetings held on Oct. 2, 2020, stockholders voted overwhelmingly in favor of the proposed transaction. More than 96% of Goldman Sachs BDC stockholders and more than 90% of Goldman Sachs Middle Market Lending stockholders who voted at the meetings voted in favor of the proposals related to the merger. The transaction is currently expected to close on or about Oct. 12, 2020, subject to satisfaction of customary closing conditions.
“We would like to thank our stockholders for their strong support of the merger. We are confident that the increased size and scale of the combined company will deliver benefits to all of our stakeholders, as we strengthen our position as a leading lender to middle market borrowers.” Brendan McGovern, president and CEO of Goldman Sachs BDC and Goldman Sachs Middle Market Lending, said.
