Goldman Sachs BDC amended its senior secured revolving credit agreement to, among other things, reduce the company’s minimum asset coverage ratio financial covenant from 200% to 150%. SunTrust served as administrative agent for the transaction.
Goldman Sachs BDC increased the aggregate commitments under its senior secured revolving credit facility to $605 million. SunTrust Bank served as administrative agent.
Goldman Sachs BDC said it has “favorably” amended its senior secured revolving credit agreement, resulting in an increase to $570 million, a reduction of the interest rate and an extension of the maturity date.
Goldman Sachs closed its IPO of 6,000,000 shares of its common stock on March 23, 2015. Shares of common stock of GS BDC began trading on the New York Stock Exchange on March 18, 2015, under the symbol GSBD.
Highwinds said it closed a new $205 million debt financing with Cerberus Business Finance and Goldman Sachs BDC, including follow-on investment from General Catalyst Partners serving as private equity sponsor.