Goldman Sachs BDC, Inc.
For the period ended Jun 30, 2026. Filed Aug 6, 2026.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2026 · Filed Aug 6, 2026
What changed in Risk Factors?
Read the current filingPrevious report: 10-Q
Period ended 2026-03-31; filed 2026-05-07.
0001193125-26-212431
Item 1A. Risk FactorsUnregistered Sales of Equity Securities and Use of ProceedsDefaults Upon Senior SecuritiesMine Safety DisclosuresOther InformationCurrent report: 10-Q
Period ended 2026-06-30; filed 2026-08-06.
0001193125-26-338331
Item 1A. Risk FactorsUnregistered Sales of Equity Securities and Use of ProceedsDefaults Upon Senior SecuritiesMine Safety DisclosuresThe baseline is this issuer’s latest earlier reporting period of the same form that was filed before the current report. A previous 10-Q is a different quarter, not a year-over-year comparison. Amendments are excluded.
Compared 17 previous paragraphs and 10 current paragraphs.
8 unchanged; 1 reworded; 0 added; 8 removed; 0 previous and 1 current paragraphs rearranged.
Tables are not compared: 0 previous and 0 current tables excluded. Dates, whitespace, punctuation and numbering changes are ignored; changes to financial figures remain significant.
A changed paragraph is not evidence that risk increased or decreased. An unchanged paragraph does not establish that risk stayed the same.
The current filing states there were no material changes to risk factors.
This is the filer’s own statement, not a conclusion from the comparison. Read its qualifications and the report it references.
Current filing’s statement
An investment in our securities involves a high degree of risk. There have been no material changes to the risk factors previously reported under Item 1A. “Risk Factors” of our annual report on Form 10-K for the year ended December 31, 2025, which was filed with the SEC on February 26, 2026. Additional risks and uncertainties not currently known to us or that we currently deem to be immaterial may materially affect our business, financial condition and/or operating results.
Removed paragraphs (8)
Previous report
On May 5, 2026, the Company entered into that certain Fifteenth Amendment to Senior Secured Revolving Credit Agreement, by and among the Company, as Borrower, the lenders party thereto and Truist Bank, as Administrative Agent and as Collateral Agent and other parties thereto (the “Fifteenth Amendment”). The Fifteenth Amendment, among other things, (i) extends the final maturity date from June 24, 2030 to May 5, 2031, (ii) extends the commitment termination date from June 22, 2029 to May 3, 2030, (iii) reduces the applicable margin to (a) with respect to any ABR Loan, 0.775% per annum and (b) with respect to any Term Benchmark Loan or Daily Simple RFR Loan, 1.775% per annum, in each case, subject to an additional step-down in applicable margin if the Gross Borrowing Base is greater than or equal to the product of 1.60 and the Combined Debt Amount, (iv) reduces the commitment of each of Santander Bank, N.A., CIT Finance LLC and BankUnited, N.A. to zero on the Fifteenth Amendment Effective Date, (v) removes all credit adjustment spreads, (vi) increases the swingline sublimit from $150,000 to $200,000, (vii) increases the letter of credit sublimit from $150,000 to $200,000, (viii) reduces the commitment fee from 0.375% to 0.325%, and (ix) reduces letter of credit fronting fees from 0.25% per annum to 0.125% per annum. Capitalized terms used but not otherwise defined herein have the meanings ascribed to them in the Fifteenth Amendment.
Previous report
The foregoing description is only a summary of the material provisions of the Fifteenth Amendment and is qualified in its entirety by reference to the full text of the Fifteenth Amendment filed as Exhibit 10.2 hereto and incorporated herein by reference.
Previous report
During the three months ended March 31, 2026, no director or officer of the Company adopted or terminated a “Rule 10b5-1 trading arrangement” or “non-Rule 10b5-1 trading arrangement,” as each term is defined in Item 408(a) of Regulation S-K.
Reworded paragraphs (1)
Previous wording
On August 8, 2024, our Board of Directors approved and authorized a 10b5-1 stock repurchase program which allows us to repurchase up to $75.00 million of shares of our common stock if our common stock trades below the most recently announced quarter-end NAV per share, subject to certain limitations. On June 13, 2025, we entered into the 2025 10b5-1 Plan with Georgeson for repurchases of our common stock during the period from June 16, 2025 through June 13, 2026. Unless extended by the Board, the 2025 10b5-1 Plan will terminate 12 months from the date it was entered into. For the three months ended March 31, 2026, we did not repurchase any of our shares.
Current wording
On August 8, 2024, our Board of Directors approved and authorized a 10b5-1 stock repurchase program which allows us to repurchase up to $75.00 million of shares of our common stock if our common stock trades below the most recently announced quarter-end NAV per share, subject to certain limitations. On June 13, 2025, we entered into the 2025 10b5-1 Plan with Georgeson for repurchases of our common stock during the period from June 16, 2025 through June 13, 2026. On and effective June 13, 2026, the 2025 10b5-1 Plan expired in accordance with its terms. For the three and six months ended June 30, 2026, we did not repurchase any of our shares under the 2025 10b5-1 Plan.
Rearranged current paragraphs (1)
Current report — wording carried from elsewhere
On May 6, 2026, our Board of Directors approved and authorized a 10b5-1 stock repurchase program, which allows us to enter into the 2026 10b5-1 Plan to repurchase up to $75.00 million of shares of our common stock if the stock trades below the most recently announced quarter-end NAV per share, subject to certain limitations. During the three months ended June 30, 2026, we did not enter into the 2026 10b5-1 Plan and therefore did not repurchase any of our shares thereunder.