Goldman Sachs BDC, Inc. Reports Earnings Results for the Full Year Ended December 31, 2023
February 28, 2024 at 04:51 pm EST
Share
Goldman Sachs BDC, Inc. reported earnings results for the full year ended December 31, 2023. For the full year, the company reported revenue was USD 454.91 million compared to USD 357.45 million a year ago. Net income was USD 195.87 million compared to USD 55 million a year ago.
Basic earnings per share from continuing operations was USD 1.81 compared to USD 0.54 a year ago.
Goldman Sachs BDC, Inc. is a specialty finance company focused on lending to middle-market companies. The Company seeks to generate current income and, to a lesser extent, capital appreciation primarily through direct originations of secured debt, including first lien, first lien/last-out unitranche and second lien debt, and unsecured debt, including mezzanine debt, as well as through select equity investments. It may also originate covenant-lite loans, which are loans with fewer financial maintenance covenants than other obligations, or no financial maintenance covenants. In addition to investments in United States middle-market companies, it may invest a portion of its capital in opportunistic investments, such as in large United States companies, foreign companies, stressed or distressed debt, structured products or private equity. It invests in various sectors, including automobiles, chemicals and financial services. Its investment advisor is Goldman Sachs Asset Management, L.P.