For the quarterly period ended March 31, 2020 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 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. Employer Identification No.) 200 West Street, New York, New York 10282 (Address of Principal Executive Offices) (Zip Code) R ...

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, 2019 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 (State or Other Jurisdiction of Incorporation or Organization) 46-2176593 (I.R.S. Em ...

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 Former Name, Former Address and Former Fiscal Year, If Changed Since Last Report. For the quarterly period ended September 30, 2019 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) De ...

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, 2019 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 ...

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, 2019 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. ...

Investment Portfolio - As of December 31, 2018, the investment portfolio included 72 portfolio companies, with a median EBITDA of $26.87 million[21] - The Senior Credit Fund had total investments in senior secured debt at fair value of $451.80 million, with a median EBITDA of $52.70 million[27] - As of December 31, 2018, the Senior Credit Fund had ten portfolio companies with unfunded commitments totaling $17.12 million[26] - The largest industry in the Senior Credit Fund's portfolio was Commercial Services & Supplies, representing 18.0% of the portfolio at fair value[33] - The company has invested in various sectors, including Health Care Providers & Services, Aerospace & Defense, and Construction & Engineering, diversifying its portfolio[545] Financial Performance - Total investment income for the year ended December 31, 2018, was $146.731 million, an increase of 7.1% from $136.781 million in 2017[525] - Net investment income after taxes for the year ended December 31, 2018, was $82.836 million, up from $79.993 million in 2017, reflecting a growth of 3.6%[525] - The company reported a net increase in net assets resulting from operations of $53.678 million for the year ended December 31, 2018, compared to $49.548 million in 2017, an increase of 4.3%[528] - Distributions to stockholders totaled $72.339 million in 2018, slightly higher than $70.504 million in 2017[528] - The company reported net assets of $709,892,000 as of December 31, 2018, down from $725,830,000 in 2017, indicating a decrease of about 2.5%[522] Debt and Leverage - The weighted average yield on debt and income-producing investments at amortized cost was 10.9%, while at fair value it was 11.3%[21] - The weighted average leverage (net debt/EBITDA) for the Senior Credit Fund was 4.8x, and the weighted average interest coverage was 2.4x[27] - 96.6% of performing debt in the investment portfolio bore a floating rate, while 3.4% bore a fixed rate[21] - The company’s debt increased from $542,526,000 in 2017 to $659,101,000 in 2018, marking an increase of about 21.4%[522] Investment Strategy - GSAM aims to create a portfolio primarily consisting of secured debt, including first lien and mezzanine debt, as well as select equity investments[59] - The company seeks to invest in companies with strong competitive market positions and viable exit strategies, focusing on cash flow generation[72] - The company may invest up to 30% of total assets in opportunistic investments, including large U.S. companies and distressed debt[63] - The company may invest up to 100% of its assets in privately negotiated transactions[147] Fees and Expenses - Management Fees for the year ended December 31, 2018, amounted to $15.97 million, down from $17.83 million in 2017[106] - The company paid a total of $34.35 million in fees for the year ended December 31, 2018, which included $17.18 million in Management Fees and $17.17 million in Incentive Fees[131] - The Incentive Fee is based on income if Ordinary Income exceeds a quarterly hurdle rate of 1.75%[108] Regulatory Compliance - The company is subject to compliance with the Sarbanes-Oxley Act, requiring certification of the accuracy of financial statements by its principal executive and financial officers[170] - The company believes it is in compliance with the NYSE listing standards, including corporate governance requirements[172] - The company has adopted a Code of Ethics to establish procedures for personal investments and restrict certain personal securities transactions[154] Risk Management - The portfolio is regularly reviewed and stressed under various scenarios by senior risk management personnel to minimize capital loss risk[61] - The company has developed allocation policies to address potential conflicts of interest and ensure equitable investment opportunities among accounts[46] Market Environment - The U.S. middle market consists of approximately 200,000 companies, representing about 33% of the private sector GDP, generating over $6 trillion in annual revenue[56] - The consolidation of regional banks into money center banks has reduced the focus on middle-market lending, leading to fewer bank lenders available for these companies[56] - There is a significant amount of un-invested private equity capital for North America buyout funds, creating additional capacity for GSAM to provide debt capital[56] Investment Valuation - The net asset value per share decreased from $18.09 in 2017 to $17.65 in 2018, reflecting a decline of approximately 2.4%[522] - The company holds a significant investment in CB-HDT Holdings, Inc., with 1,108,333 shares of preferred stock valued at $15,794[545] - The fair value of restricted securities is $78,879, accounting for 11.11% of the company's net assets[550]