Goldman Sachs BDC’s $40 Million 4.5% Convertible Notes Offering

Simpson Thacher recently represented the underwriters, led by SunTrust Robinson Humphrey, BofA Merrill Lynch, Morgan Stanley and Goldman Sachs & Co. LLC, in connection with the public offering of $40 million principal amount of 4.5% convertible notes due 2022 of Goldman Sachs BDC, Inc. (NYSE: GSBD).

The convertible notes are a reopening of the $115 million aggregate principal amount of 4.5% convertible notes due 2022 issued by GSBD on October 3, 2016 in a private placement.

GSBD is a business development company that focuses on lending to middle-market companies.

The Simpson Thacher team for the transaction included Roxane Reardon (Picture), Mark Brod and Lia Toback (Capital Markets); Benjamin Wells and Lucie Enns (Registered Funds); Jonathan Cantor (Tax); Jennie Getsin (FINRA); and Jeanne Annarumma (ERISA) and Summer Associate Lauryn Harris.

Involved fees earner: Roxane Reardon – Simpson Thacher & Bartlett; Mark Brod – Simpson Thacher & Bartlett; Lia Toback – Simpson Thacher & Bartlett; Benjamin Wells – Simpson Thacher & Bartlett; Lucie Enns – Simpson Thacher & Bartlett; Jonathan Cantor – Simpson Thacher & Bartlett; Jennie Getsin – Simpson Thacher & Bartlett; Jeanne Annarumma – Simpson Thacher & Bartlett;

Law Firms: Simpson Thacher & Bartlett;

Clients: Bank of America Merrill Lynch; Goldman, Sachs & Co.; Morgan Stanley; SunTrust Robinson Humphrey, Inc.;


Author: Ambrogio Visconti