BDCs
BDC Quick Recap: Goldman Sachs BDC (GSBD) as of December 31st, 2022
Goldman Sachs BDC (GSBD) filed its earnings Thursday afternoon and data was available in SOLVE’s BDC workstation within minutes. Here is a quick recap of the credit stats for Goldman Sachs BDC (GSBD) for the three-month period ended Dec. 31st, 2022.
Portfolio Stats
| FMV | $3.5B |
| # of Investments | 369 |
| Total unused commitments to extend financing | $371.1M |
| Portfolio Companies | 134 |
| Portfolio Composition | |
| First Lien | 89.30% |
| Second Lien | 6.90% |
| Equity and Other | 3.80% |
Source: SOLVE Fixed Income, Goldman Sachs BDC (GSBD)
Portfolio Credit Quality
| Non-Accruals Cost | $77.3M |
| # of Non-Accruals | 9 |
| # of Portfolio at Cost | 2.10% |
| New Non-Accruals | National Spine & Pain Centers LLC, MedeAnalystics Inc. |
Source: SOLVE Fixed Income, Goldman Sachs BDC (GSBD)
Select New Originations
| Company | Investment Type | Industry | Cost | Maturity | Coupon |
| HumanState Limited | 1st Lien/Senior Secured Debt | Diversified Consumer Services | $20.2M | 11/23/2028 | SN+600 |
| PPT Management Holdings LLC | 1st Lien/Senior Secured Debt | Health Care Providers & Services | $5.9M | 1/30/2023 | L+600 |
| iWave Information Systems Inc | 1st Lien/Senior Secured Debt | Software | $.9M | 11/23/2028 | S+675 |
Source: SOLVE Fixed Income, Goldman Sachs BDC (GSBD)
Exits & Sales
| Company | Investment Type | Industry | Net Proceeds | Maturity | Coupon |
| MMIT Holdings LLC | 1st Lien/Senior Secured Debt | Health Care Technology | $64.7M | 9/15/2027 | L+625 |
| Four Seasons Heating And Air Conditioning Inc | 1st Lien/Senior Secured Debt | Diversified Consumer Services | $33.6M | 11/17/2026 | L+575 |
Source: SOLVE Fixed Income, Goldman Sachs BDC (GSBD)
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