Goldman Sachs BDC, Inc. has favorably amended its senior secured revolving credit agreement, resulting in a reduction of the stated interest rate and an extension of the maturity date. Aggregate commitments under the revolving credit facility increased from $560 million to $570 million. The revolving credit facility includes an accordion feature that permits the company, under certain circumstances, to increase its total borrowing capacity to a maximum of $1.0 billion.

The stated interest rate on the revolving credit facility was changed from LIBOR plus 2.25% to either LIBOR plus 1.75% or LIBOR plus 2.00%, depending on debt outstanding and subject to borrowing base conditions. The final maturity date has been extended from October 3, 2019 to November 4, 2020.

Goldman Sachs BDC, Inc. is a specialty finance company that has elected to be regulated as a business development company under the Investment Company Act of 1940. GS BDC was formed by The Goldman Sachs Group, Inc. to invest primarily in middle-market companies in the United States, and is externally managed by Goldman Sachs Asset Management, L.P., an SEC-registered investment adviser and a wholly-owned subsidiary of Goldman Sachs. GS BDC 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.