NEW YORK--(BUSINESS WIRE)--Goldman Sachs BDC, Inc. ("GS BDC†) (NYSE: GSBD) announced today that it will report its fourth quarter and fiscal year ended December 31, 2025 financial results after the market closes on Thursday, February 26, 2026. GS BDC will also host an earnings conference call on Friday, February 27, 2026 at 9:00 am Eastern Time to discuss its financial results. All interested parties are invited to participate via telephone or the audio webcast, which will be hosted on the Investor Resour ...

Core Viewpoint - Goldman Sachs BDC, Inc. has announced the pricing of a $400 million offering of 5.100% notes due in 2029, indicating a strategic move to manage its debt obligations [1] Group 1: Offering Details - The notes will mature on January 28, 2029, and can be redeemed at the company's option at par plus a make-whole premium if applicable [1] - The total principal amount of the offering is $400 million [1] Group 2: Use of Proceeds - The company intends to use the net proceeds from this offering to pay down debt under its revolving credit facility [1]

Group 1 - The article highlights that Goldman Sachs BDC (GSBD) has experienced a significant sell-off, currently trading at a 27% discount to its Net Asset Value (NAV), which is near multi-year valuation lows for the stock [1] - High Yield Investor is celebrating its fifth anniversary by offering a 30-day money-back guarantee and releasing its Top Picks for 2026, presenting an opportunity for investors [1] Group 2 - Samuel Smith, a lead analyst and Vice President with a diverse background in dividend stock research, leads the High Yield Investor investing group, focusing on balancing safety, growth, yield, and value [2] - High Yield Investor provides various portfolios, including core, retirement, and international options, along with regular trade alerts and educational content for investors [2]

Group 1 - High Yield Investor is celebrating its fifth anniversary by offering a 30-day money-back guarantee, encouraging new memberships and the release of their Top Picks for 2026 [1] - Goldman Sachs BDC (GSBD) has experienced a significant sell-off, currently trading at a 27% discount to its Net Asset Value (NAV), which is close to multi-year valuation lows for the stock [1] Group 2 - Samuel Smith, a lead analyst and Vice President with a diverse background in dividend stock research, leads the High Yield Investor investing group, focusing on safety, growth, yield, and value [2] - The High Yield Investor service provides real-money core, retirement, and international portfolios, along with regular trade alerts, educational content, and an active chat room for investors [2]

Core Viewpoint - Shares of Goldman Sachs BDC (GSBD) have been declining since August due to concerns over falling federal fund rates, which threaten net investment income and the BDC's dividend coverage [1] Group 1: Company Performance - Goldman Sachs BDC is experiencing a decrease in portfolio value, indicating potential challenges in maintaining investment income [1]

Group 1 - The article provides a market analysis covering several investment firms, including Gladstone Investment Corporation, FS KKR Capital Corp, Sixth Street Specialty Lending Inc, and Goldman Sachs BDC Closed End Fund [1] Group 2 - The analysis highlights the performance metrics and investment strategies of the mentioned companies, indicating their positions in the market [1]

Core Viewpoint - The article discusses the current state of Business Development Companies (BDCs), highlighting a seven-stock BDC portfolio with a yield of 13.5% that is expected to recover as the market stabilizes. Despite concerns over unemployment and economic slowdown, small businesses are reportedly thriving due to AI advancements [1][4]. Economic Overview - Small business profits are increasing, contradicting unemployment reports that suggest a slowdown. The Atlanta Fed's GDPNow estimates growth solidly over 3% [2]. - The current economic environment is characterized as an efficiency boom rather than a recession, driven by small businesses adopting AI to enhance operations [4]. BDC Market Dynamics - The BDC industry is competitive, with more losers than winners. Selecting individual BDCs is preferable to buying a fund that includes underperformers [6]. - Lower interest rates can reduce financing costs for small businesses, increasing demand for loans, which is beneficial for BDCs [7]. Specific BDC Analysis - **Sixth Street Specialty Lending (TSLX)**: Offers a 9.4% yield, focuses on companies with enterprise values between $50 million and $1 billion, and has a growing portfolio. It primarily deals in first-lien debt, with 96% being floating-rate [8][10][11]. - **Gladstone Investment (GAIN)**: Provides a 10.8% yield, focuses on lower-middle-market companies, and has a higher equity exposure than typical BDCs. Its supplemental distributions are variable [13][19][20]. - **Crescent Capital BDC (CCAP)**: Yields 12.3%, has a diverse portfolio of 187 companies, and is significantly affected by Fed rate changes due to its floating-rate debt [21][24]. - **Trinity Capital (TRIN)**: Offers a 13.5% yield, has a growth-focused portfolio of 178 companies, and is diversified in its investment types [25][28]. - **FS KKR Capital (FSK)**: Yields 14.5%, is one of the largest BDCs, and has a diversified portfolio but has faced challenges due to bad loans and a recent dividend cut [29][33]. - **Goldman Sachs BDC (GSBD)**: Yields 14.7%, has faced quality issues leading to a dividend cut, but is becoming more aggressive in deal-making [35][38]. - **BlackRock TCP Capital Corp. (TCPC)**: Offers a high yield of 19.6%, but has struggled with a significant loss since early 2023 and recently cut its dividend [39][42][43].

I’m a retail investor based in Sydney with three years of experience focusing on achieving financial independence through strategic investments in AI-driven companies. Although I don’t come from a traditional finance background, I’ve developed a strong passion for understanding how artificial intelligence is transforming the global economy. Over the past few years, I’ve become increasingly fascinated by the possibilities of AI—how it’s reshaping industries, driving innovation, and creating new investment fr ...

Group 1 - Goldman Sachs BDC (GSBD) has not participated in the recovery of the BDC space following the collapses of First Brands Group and Tricolor, which negatively impacted private credit sentiment [1] - The BDC is currently paying out dividends, indicating a focus on returning value to shareholders despite market challenges [1] - Pacifica Yield aims to create long-term wealth by focusing on undervalued high-growth companies, high-dividend stocks, REITs, and green energy firms [1]

Core Viewpoint - Goldman Sachs has agreed to acquire Innovator Capital Management for approximately $2 billion to enhance its asset management division and expand its ETF offerings in a rapidly growing market [1][2]. Group 1: Acquisition Details - The acquisition is expected to close in the second quarter of 2026 [1]. - Innovator Capital Management manages $28 billion in assets across 159 ETFs as of September 30 [2]. - Innovator's 60-plus employees will join Goldman Sachs' asset management division post-acquisition [3]. Group 2: Strategic Importance - Defined-outcome ETFs utilize contracts, including options, to mitigate downside risks or provide targeted gains over specific time periods [2]. - Goldman Sachs aims to enhance access to modern investment products through this acquisition, as stated by CEO David Solomon [2]. - The acquisition aligns with Goldman Sachs' strategy to prioritize asset and wealth management, following a shift away from consumer banking [2].