Goldman Sachs BDC Inc美股招股说明书(2025-09-05版)

$400,000,000 5.650% Notes due 2030 Goldman Sachs BDC, Inc. (“GS BDC”) is offering $400.0million in aggregate principal amount of its 5.650% Notes due 2030 (the “Notes”). The Notes will mature on September9,2030. GS BDC will pay interest on the Notes on March9 and September9 of each year, beginning March9, 2026. GS BDC may redeem the Notes in whole or in part at any time or from time to time at the redemption price discussed under the caption “Description of the Notes—OptionalRedemption” in this prospectus supplement. In addition, holders of the Notes can require GS BDC to repurchase the Notes at 100% of their principal amount upon the occurrence of a Changeof Control Repurchase Event (as defined herein). The Notes will be issued in minimum denominations of $2,000 and integral multiples of $1,000 in excess thereof. The Notes will be GS BDC’s direct unsecured obligations and rank pari passu, or equal, in right of payment with all outstanding and future unsecured unsubordinated indebtednessissued by GS BDC. As of June30, 2025, GS BDC’s total indebtedness was approximately $1,803.1million aggregate principal amount outstanding, of which approximately $903.1millionwas secured by a first priority security interest in substantially all of GS BDC’s portfolio of investments and cash, with certain exceptions, and therefore, effectively and/or structurally seniorto the Notes. As of June30, 2025, after giving effect to the issuance of the Notes and the use of proceeds therefrom, GS BDC’s total indebtedness would have been approximately$1,808.2million aggregate principal amount outstanding. As of June30, 2025, after giving effect to the issuance of the Notes and the use of proceeds therefrom, GS BDC’s asset coverageratio based on the aggregate amount outstanding of its senior securities would have been 184%. The Notes are a new issue of debt securities and there currently is no trading market for theNotes. GS BDC is an externally managed specialty finance company that is anon-diversified,closed-end,management investment company that has elected to be regulated as a businessdevelopment company (“BDC”) under the Investment Company Act of 1940, as amended (the “Investment Company Act”). GS BDC is focused on lending to “middle-market companies,” aterm GS BDC generally uses to refer to companies with between $5million and $200million of annual earnings before interest expense, income tax expense, depreciation and amortization(“EBITDA”) excluding certainone-time,andnon-recurringitems that are outside the operations of these companies.GS BDC’s investment objective is to generate current income and, to alesser extent, capital appreciation primarily through direct originations of secured debt, including first lien, unitranche, including last out portions of such loans, and second lien debt, andunsecured debt, including mezzanine debt, as well as through select equity investments. GS BDC is managed by its investment adviser, Goldman Sachs Asset Management, L.P., a Delaware limited partnership (“GSAM” or the “Investment Adviser”), an indirect, wholly-owned subsidiary of The Goldman Sachs Group, Inc. (“GS Group Inc.”). GS Group Inc., together with Goldman Sachs& Co. LLC (including its predecessors, “GS& Co.”), GSAM and itsother subsidiaries and affiliates, are collectively referred to herein as “Goldman Sachs.” This prospectus supplement and the accompanying prospectus contain important information you should know before investing in the Notes. GS BDC may also authorize one or morefree writing prospectuses to be provided to you in connection with this offering. You should carefully read this prospectus supplement, the accompanying prospectus, any related free writingprospectus, and any information incorporated by reference into each, before investing in the Notes and keep them for future reference. GS BDC files annual, quarterly and current reports,proxy statements and other information about itself with the Securities and Exchange Commission (the “SEC”), which we incorporate herein by reference. You may obtain this information bywritten or oral request and free of charge by contacting GS BDC at 71 South Wacker Drive, Chicago, Illinois 60606, on GS BDC’s website at http://www.goldmansachsbdc.com, or by callingcollect at (312)655-4419.Information contained on or accessible through GS BDC’s website is not incorporated by reference into this prospectus supplement or the accompanyingprospectus, and you should not consider that information to be a part of this prospectus supplement or the accompanying prospectus. The SEC also maintains a website at http://www.sec.govthat contains this information. Investing in the Notes involves a high degree of risk and is highly speculative. Before investing in the Notes, you should read the discussion of the materialrisks of investing in GS BDC’s securities in the section titled “Risk Factors” beginning onpageS-12of this prospectus supplement, page11 of theaccompanying prospectus and in GS BD