Goldman Sachs BDC(GSBD)

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Goldman Sachs BDC(GSBD) - 2022 Q4 - Earnings Call Transcript
2023-02-24 17:42
Goldman Sachs BDC (NYSE:GSBD) Q4 2022 Earnings Conference Call February 24, 2023 9:00 AM ET Company Participants Austin Neri - Investor Relations Alex Chi - Co-Chief Executive Officer David Miller - Co-Chief Executive Officer David Pessah - Chief Financial Officer Gabriella Skirnick - Chief Operating Officer Austin Neri Good morning. This is Austin Neri, a member of the Investor Relations team for Goldman Sachs BDC, Inc. and I would like to welcome everyone to the Goldman Sachs BDC, Inc. Fourth Quarter and ...
Goldman Sachs BDC(GSBD) - 2022 Q4 - Annual Report
2023-02-23 21:54
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number 814-00998 Goldman Sachs BDC, Inc. (Exact Name of Registrant as Specified in Its Charter) | Delaware | 46-2176593 | | --- | --- | | (State or Other Jurisdiction of | (I.R.S. Employer ...
Goldman Sachs BDC(GSBD) - 2022 Q3 - Earnings Call Transcript
2022-11-04 17:45
Goldman Sachs BDC (NYSE:GSBD) Q3 2022 Results Conference Call November 4, 2022 9:00 AM ET Company Participants Austin Neri - Investor Relations Alex Chi - Co-Chief Executive Officer David Miller - Co-Chief Executive Officer Gabriella Skirnick - Chief Operating Officer David Pessah - Chief Financial Officer Conference Call Participants Finian O'Shea - Wells Fargo Austin Neri Good morning. This is Austin Neri, a member of the Investor Relations team for Goldman Sachs BDC, Inc., and I would like to welcome eve ...
Goldman Sachs BDC(GSBD) - 2022 Q3 - Quarterly Report
2022-11-03 20:27
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number 814-00998 Goldman Sachs BDC, Inc. (Exact Name of Registrant as Specified in Its Charter) Delaware 46-2176593 (State or Other Jurisdiction of Incorporation or Organization) 2 ...
Goldman Sachs BDC(GSBD) - 2022 Q2 - Earnings Call Transcript
2022-08-05 14:26
Financial Data and Key Metrics Changes - Net investment income per share was $0.49, with adjusted net investment income at $0.45 per share for the quarter [8] - Net asset value per share decreased to $15.53, a decline of approximately 1.7% from the previous quarter [9] - GAAP net investment income for Q2 was $49.6 million, compared to $50.2 million in the prior quarter [30] - The weighted average yield of the investment portfolio increased to 8.6% from 7.9% in the prior quarter [22] Business Line Data and Key Metrics Changes - The company originated $366 million in new investment commitments, with $197 million in new investments to six new portfolio companies and $169 million in follow-on investments to 12 existing companies [19] - Total investments in the portfolio were $3.6 billion, with 97.4% in senior secured loans [21] - Sales and repayment activity totaled $106 million, driven by full repayment from two portfolio companies [20] Market Data and Key Metrics Changes - The weighted average net debt-to-EBITDA ratio decreased to 6.0 times from 6.2 times in the prior quarter [23] - The weighted average interest coverage of the companies in the investment portfolio was 2.1 times, down from 2.5 times in the prior quarter [23] - As of quarter end, 42% of the company's total principal amount of debt outstanding was unsecured [27] Company Strategy and Development Direction - The company focuses on investing in non-cyclical businesses with strong pricing power to navigate economic slowdowns [11] - The integration of the BDC platform into the broader direct lending business has enhanced access to potential transactions [12] - The company aims to achieve at least $0.45 of quarterly adjusted net investment income per share without additional waivers in the second half of the year [17] Management's Comments on Operating Environment and Future Outlook - The management highlighted the challenges posed by market volatility and inflationary pressures but expressed confidence in the portfolio's resilience [10] - The company anticipates further volatility in the environment ahead but remains optimistic about investment opportunities [36] Other Important Information - The company announced the resignation of the CFO, effective August 10, and welcomed a new CFO [35] - An at-the-market equity offering program was launched with an aggregate offering price of up to $200 million [31] Q&A Session Summary Question: Can you touch on the cross-platform co-investing? - The company did not have any cross-allocated deals this quarter but had several cross-originated deals that were beneficial to the BDC platform [39] Question: What are the parameters looked at outside of risk-adjusted yield? - The focus is on middle-market companies with maintenance covenants and defensive industries that have protected cash flows [40] Question: Are there emerging challenges in the software sector? - The company has been selective in underwriting recurring revenue loans and has not seen issues in its portfolio despite market challenges [42] Question: What are the plans for the at-the-market offering program? - The company expects to raise between $10 million to $20 million in any given open trading window through the program [44]
Goldman Sachs BDC(GSBD) - 2022 Q2 - Quarterly Report
2022-08-04 20:06
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number 814-00998 Goldman Sachs BDC, Inc. (Exact Name of Registrant as Specified in Its Charter) Delaware 46-2176593 (State or Other Jurisdiction of Incorporation or Organization) (I.R.S ...
Goldman Sachs BDC(GSBD) - 2022 Q1 - Earnings Call Transcript
2022-05-06 15:53
Start Time: 09:00 January 1, 0000 9:20 AM ET Goldman Sachs BDC (NYSE:GSBD) Q1 2022 Earnings Conference Call May 06, 2022, 09:00 AM ET Company Participants Alex Chi - Co-CEO and Co-President David Miller - Co-CEO and Co-President Gabriella Skirnick - COO Carmine Rossetti - CFO, Treasurer and Principal Financial Officer Conference Call Participants Finian O’Shea - Wells Fargo Operator Good morning. This is Erica, and I will be your conference facilitator today. I would like to welcome everyone to the Goldman ...
Goldman Sachs BDC(GSBD) - 2022 Q1 - Quarterly Report
2022-05-05 20:13
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number 814-00998 Goldman Sachs BDC, Inc. (Exact Name of Registrant as Specified in Its Charter) Delaware 46-2176593 (State or Other Jurisdiction of Incorporation or Organization) 200 W ...
Goldman Sachs BDC(GSBD) - 2021 Q4 - Earnings Call Presentation
2022-02-27 16:32
Asset Management Goldman Sachs BDC, Inc. Investor Presentation Quarter Ended December 31, 2021 www.goldmansachsbdc.com Disclaimer and Forward-Looking Statement The information contained in this presentation should be viewed in conjunction with the earnings conference call of Goldman Sachs BDC, Inc. ("GSBD" or the "Company") (NYSE: GSBD) held on February 25, 2022 and the Company's Annual Report on Form 10-K for the year ended December 31, 2021. The information contained herein may not be used, reproduced or ...
Goldman Sachs BDC(GSBD) - 2021 Q4 - Earnings Call Transcript
2022-02-25 17:30
Goldman Sachs BDC (NYSE:GSBD) Q4 2021 Earnings Conference Call February 25, 2022 9:00 AM ET Company Participants Brendan McGovern – President & Chief Executive Office Jon Yoder – Chief Operating Officer Carmine Rossetti – Chief Financial Officer Conference Call Participants Robert Dodd – Raymond James Finian O'Shea – Wells Fargo Operator Good morning. This is Gemaria (ph), and I will be your conference facilitator today. I would like to welcome everyone to the Goldman Sachs BDC Incorporated Fourth Quarter a ...