Brief: Goldman Sachs BDC And Goldman Sachs Middle Market Lending Announce Amended And Restated Merger Agreement

Goldman Sachs BDC

11/06/2020 11:35

June 11 (Reuters) - Goldman Sachs BDC Inc  GSBD.N :
    * GOLDMAN SACHS BDC, INC. AND GOLDMAN SACHS MIDDLE MARKET
LENDING
CORP. ANNOUNCE AMENDED AND RESTATED MERGER AGREEMENT
    * GOLDMAN SACHS BDC - ORIGINAL MERGER AGREEMENT CONTAINED A
CLOSING CONDITION WHOSE SATISFACTION WAS DEPENDENT ON TRADING
PRICE OF GSBD'S COMMON STOCK
    * GOLDMAN SACHS BDC - CONSIDERATION HAS BEEN CHANGED FROM A
FIXED
EXCHANGE RATIO TO A "NET ASSET VALUE FOR NET ASSET VALUE"
EXCHANGE
    * GOLDMAN SACHS BDC INC - AMENDED AGREEMENT TO ELIMINATE
CLOSING
CONDITION WHILE ENSURING THAT TRANSACTION WOULD NOT RESULT IN
DILUTION TO EITHER PARTY
    * GOLDMAN SACHS BDC INC - VARIABLE CAP ON GSAM'S INCENTIVE
FEES
HAS BEEN EXTENDED FOR AN ADDITIONAL YEAR
    * GOLDMAN SACHS BDC - PRIOR TO CLOSING MERGER, MMLC'S BOARD
WILL
DECLARE A $75 MILLION DISTRIBUTION TO MMLC HOLDERS RELATING TO
PRE-CLOSING PERIOD
    * GOLDMAN SACHS BDC - GOLDMAN SACHS ASSET MANAGEMENT HAS
AGREED TO
REIMBURSE GSBD & MMLC FOR ALL FEES, EXPENSES INCURRED & PAYABLE
BY GSBD OR MMLC

Source text for Eikon:  ID:nBw4kPTyJa 
Further company coverage:  GSBD.N 

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