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Goldman Sachs Middle Market Fund Closes $24.5MM in Recent Transactions

April 06, 2017, 07:12 AM
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Goldman Sachs Middle Market Lending Corp. filed an 8-K with the Securities & Exchange Commission pertaining to its recent investment activity. From March 16, 2017 through April 3, 2017, the Fund made new investment commitments of $24.5 million across three new portfolio companies.

Details follow:

American Dental Partners, Inc.  is a leading provider of business services, support staff and dental facilities to multidisciplinary dental group practices. In March 2017, the Fund provided a $7.9 million second lien senior secured loan to American Dental. The loan bears interest at a rate of LIBOR plus 8.50% per year (subject to a 1.00% LIBOR floor) and matures in September 2023.

NetVoyage Corporation provides cloud-based document management services to law firms and corporate legal departments which enables users to securely store and manage documents. In March 2017, the Fund provided a $0.6 million revolver and a $7.3 million first lien senior secured loan to NetVoyage. The loans bear interest at a rate of LIBOR plus 9.50% per year (subject to a 1.00% LIBOR floor) and mature in March 2022.

Yasso, Inc. is a better-for-you frozen Greek yogurt brand that sells to consumers through major club and grocery stores. In March 2017, the Fund provided an $8.4 million first lien senior secured loan and invested $0.8 million in common equity. This loan bears interest at a rate of LIBOR plus 7.75% per year (subject to a 1.00% LIBOR floor) and matures in March 2022.







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