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Simpson Thacher Represents Underwriters in $40 Million 4.5% Convertible Notes Offering by Goldman Sachs BDC

07.03.18

The Firm 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, Mark Brod and Lia Toback (Capital Markets); Benjamin Wells and Lucie Enns (Registered Funds); Jonathan Cantor (Tax); Jennie Getsin (FINRA); and Jeanne Annarumma (ERISA). Summer Associate Lauryn Harris also provided valuable assistance.