Goldman Sachs BDC (GSBD) reported earnings on Thur 22 Feb 2018 (a/h)

** charts after earnings **

  

 

Goldman Sachs BDC reports in-line quarter and NAV per share of $18.09 vs $18.23 prior qtr 

• Reports Q4 (Dec) net investment income of $0.47 per share, in-line with the Capital IQ Consensus of $0.47.
• Subsequent to quarter-end, the Board approved the renewal of the stock repurchase plan that authorizes the repurchase up to $25.0 million of common stock if the market price for the common stock is below the most recently announced net asset value per share.Once the Company enters into the agreement, the co expects that the stock repurchase plan will be in effect through March 18, 2019. 

Goldman Sachs BDC (GSBD) is set to make its IPO on 18 March 2015

Goldman Sachs Group Inc. priced six million shares of its specialty lending arm late Tuesday at $20 apiece, the low end of its $20-$21 targeted range, raising $120 million, a person familiar with the matter said.

The shares, which priced at the low end of the bank’s $20-$21 targeted range, are set to begin trading Wednesday on the New York Stock Exchange under ticker symbol “GSBD,” with Goldman GS,  set to ring the NYSE opening bell.

The lending unit, called Goldman Sachs BDC Inc. (GSBD) is a tax advantaged company regulated as a so-called “business development company,” which the New York firm introduced two years ago in a bid to originate high-yielding loans.