Goldman Sachs BDC(US:GSBD)2024-05-08 16:09Financial Performance - Net asset value per share decreased by 0.5% from $14.62 as of December 31, 2023, to $14.55 as of March 31, 2024[6] - Net investment income per share decreased by 1.8% to $0.55 for the quarter ended March 31, 2024, from $0.56 as of December 31, 2023[21] - Adjusted net investment income per share was $0.54 for the quarter ended March 31, 2024, equating to an annualized net investment income yield on book value of 14.8%[21] - Earnings per share for the quarter ended March 31, 2024, was $0.39[21] Investment Portfolio - Total investments at fair value and commitments were $3,954.8 million, comprised of investments in 149 portfolio companies as of March 31, 2024[22] - The investment portfolio was comprised of 97.5% senior secured debt, including 96.5% in first lien investments as of March 31, 2024[22] - Investments on non-accrual status amounted to 1.6% and 3.3% of the total investment portfolio at fair value and amortized cost, respectively, as of March 31, 2024[23] - Gross originations were $359.6 million during the quarter, of which $116.4 million were funded[7] - Sales and repayments activity totaled $115.7 million, resulting in a net funded portfolio change of $25.6 million[7] Debt and Capital Structure - The Company's ending net debt to equity ratio was 1.10x as of March 31, 2024, and 1.11x as of December 31, 2023[8] - 68.3% of the Company's approximately $1,843.8 million of aggregate principal amount of debt outstanding was comprised of unsecured debt, and 31.7% was comprised of secured debt as of March 31, 2024[24] - The Company closed a public offering of $400.0 million aggregate principal amount of unsecured notes due 2027 with a fixed interest rate of 6.375% on March 11, 2024[9]