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

Goldman Sachs BDC

09/12/2019 11:51

Dec 9 (Reuters) - Goldman Sachs BDC Inc  GSBD.N :
    * GOLDMAN SACHS BDC, INC. AND GOLDMAN SACHS MIDDLE MARKET
LENDING
CORP. ANNOUNCE MERGER AGREEMENT
    * GOLDMAN SACHS BDC INC - DEAL FOR APPROXIMATELY $1.0
BILLION
    * GOLDMAN SACHS BDC INC - GSBD WILL ISSUE 0.9939 OF A NEWLY
ISSUED
SHARE FOR EACH MMLC SHARE OUTSTANDING
    * GOLDMAN SACHS BDC INC - TRANSACTION WILL ALSO RESULT IN
APPROXIMATELY 5.5% ACCRETION TO NET ASSET VALUE PER SHARE
    * GOLDMAN SACHS BDC INC - COMBINED COMPANY WILL CONTINUE TO
TRADE
UNDER TICKER SYMBOL "GSBD" ON NEW YORK STOCK EXCHANGE.
    * GOLDMAN SACHS BDC- GSAM WILL CUT INCENTIVE FEES FOR 5 QTRS
BEGINNING IN Q4 IF NII IS LESS THAN $0.48/SHARE WITHOUT
IMPLEMENTATION OF INCENTIVE FEE CAP
    * GOLDMAN SACHS BDC - GOLDMAN SACHS ASSET MANAGEMENT EXPECTS
MERGER TO BE ACCRETIVE TO GSBD'S NET INVESTMENT INCOME PER SHARE
IN SHORT AND LONG-TERM
    * GOLDMAN SACHS BDC INC - GSBD'S BOARD OF DIRECTORS HAS
APPROVED
SPECIAL DISTRIBUTIONS OF $0.15 PER SHARE IN TOTAL

Source text for Eikon:  ID:nBw9XTJBxa 
Further company coverage:  GSBD.N 

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