Goldman Sachs BDC falls on planned stock offering

Goldman Sachs BDC

06/03/2023 22:15

** Goldman Sachs BDC Inc's  GSBD.N  shares down ~5% at
$15.24 after hours as it looks to raise equity
    ** Business development co formed by Goldman Sachs  GS.N 
announces 6.5 mln share offering
    ** GSBD intends to use net offering proceeds to partially
repay debt, make new investments
    ** Co, which has ~103 mln shares outstanding, reported its
net asset value/sh was $14.61 at end-Dec
    ** BofA, Morgan Stanley and Goldman Sachs jt bookrunners for
offering, slated to price overnight
    ** Shares on Mon closed down 0.6% at $16.05, trimming YTD
gain to 17%. Stock yields ~11.2%, per Refinitiv
    

 (Lance Tupper is a Reuters market analyst. The views expressed
are his own)
 ((lance.tupper@thomsonreuters.com
lance.tupper@tr.com 1-646-279-6380))