Goldman Sachs BDC, Inc. current report, 13 August 2021

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Business Context and Reporting Period

This Form 8-K filing by Goldman Sachs BDC, Inc. (GSBD) is dated August 13, 2021. The report addresses Item 8.01 (Other Events) concerning the payment of the final installment of a previously declared special distribution and the resulting adjustment to the conversion rate of the Company's 4.50% Convertible Notes due 2022.

Key Financial Metrics

The filing does not provide comprehensive financial statements, revenue, profit, cash flow, or liquidity metrics. The specific financial details disclosed are limited to distribution amounts and debt instrument terms:

  • Special Distribution: Total of $0.15 per share, paid in three equal quarterly installments of $0.05 per share.
  • Convertible Notes: 4.50% Convertible Notes due 2022.
  • Adjusted Conversion Rate: 41.1666 shares of common stock per $1,000 principal amount of the Notes, effective August 13, 2021.

Material Changes

The primary material change reported is the adjustment of the conversion rate for the 4.50% Convertible Notes due 2022. This adjustment was triggered by the payment of the third and final installment of the special distribution on August 13, 2021. The new conversion rate of 41.1666 shares per $1,000 principal amount is effective as of the ex-dividend date for this installment.

Guidance, Outlook, and Risks

The filing contains no forward-looking guidance, management commentary on future performance, or discussion of general risks and contingencies. The document strictly reports the execution of the special distribution schedule and the mechanical adjustment to the convertible note terms as required by the indenture.

Key Facts for Investor Verification

  • Verify the record date for the third installment was August 16, 2021, and the payment date was August 13, 2021.
  • Confirm the new conversion rate of 41.1666 shares per $1,000 of principal for the 4.50% Convertible Notes due 2022 is reflected in trading systems.
  • Note that the filing does not contain updated financial performance data (revenue, net income, or cash flow) for the period.