Goldman Sachs BDC Inc 2025年季度报告

FORM10-Q ☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934For the quarterly period endedMarch 31,2025or☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934Commission file number814-00998 Goldman Sachs BDC, Inc. (Exact Name of Registrant as Specified in Its Charter) Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and(2) has been subject to such filing requirements for the past 90 days.YES☒NO☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant toRule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant wasrequired to submit such files).YES☒NO☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reportingcompany or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reportingcompany” and “emerging growth company” in Rule 12b-2 of the Exchange Act. Large accelerated filer:☒Accelerated filer:☐Non-accelerated filer:☐Smaller reporting company:Emerging growth company:☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act).YES☐NO☒ As of May 8, 2025, there were117,297,222shares of the registrant’s common stock outstanding. GOLDMAN SACHS BDC, INC.QUARTERLY REPORT ON FORM 10-Q FOR THE QUARTER ENDED MARCH 31, 2025 INDEXPAGECautionary Statement Regarding Forward-Looking Statements3PART IFINANCIAL INFORMATION5ITEM 1.Financial Statements (Unaudited)5Consolidated Statements of Assets and Liabilities5Consolidated Statements of Operations6Consolidated Statements of Changes in Net Assets7Consolidated Statements of Cash Flows8Consolidated Schedules of Investments9Notes to the Consolidated Financial Statements42ITEM 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations68ITEM 3.Quantitative and Qualitative Disclosures About Market Risk82ITEM 4.Controls and Procedures82 PART IIOTHER INFORMATION83ITEM 1.Legal Proceedings83ITEM 1A.Risk Factors83ITEM 2.Unregistered Sales of Equity Securities and Use of Proceeds83ITEM 3.Defaults Upon Senior Securities83ITEM 4.Mine Safety Disclosures83ITEM 5.Other Information83ITEM 6.Exhibits83 SIGNATURES Table of Contents CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS This report contains forward-looking statements that involve substantial risks and uncertainties. You can identify these statements by theuse of forward-looking terminology such as “may,” “will,” “should,” “expect,” “anticipate,” “project,” “target,” “estimate,” “intend,”“continue” or “believe” or the negatives of, or other variations on, these terms or comparable terminology. You should read statementsthat contain these words carefully because they discuss our plans, strategies, prospects and expectations concerning our business,operating results, financial condition and other similar matters. We believe that it is important to communicate our future expectations toour investors. Our forward-looking statements include information in this report regarding general domestic and global economicconditions, our future financing plans, our ability to operate as a business development company (“BDC”) and the expected performanceof, and the yield on, our portfolio companies. There may be events in the future, however, that we are not able to predict accurately orcontrol. The factors listed under “Risk Factors” in our annual report on Form 10-K for the year ended December 31, 2024, as well as anycautionary language in this report, provide examples of risks, uncertainties and events that may cause our actual results to differ materiallyfrom the expectations we describe in our forward-looking statements. The occurrence of the events described in these risk factors andelsewhere in this report could have a material adverse effect on our business, results of operations and financial position. Any forward-looking statement made by us in this report speaks only as of the date of this report. Factors or events that could cause our actual results todiffer from our forward-looking statements may emerge from time to time, and it is not possible for us to predict all of them. Weundertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future eventsor oth