Earnings release
Page 1
Goldman Sachs Asset Management Goldman Sachs BDC , Inc. Goldman Sachs BDC , Inc. Reports June 30 , 2021 Financial Results and Announces Quarterly Dividend of $ 0.45 Per Share Company Release - August 5 , 2021 NEW YORK - ( BUSINESS WIRE ) - Goldman Sachs BDC , Inc. ( “ GSBD ” or the “ Company ” ) ( NYSE : GSBD ) today reported financial results for the second quarter ended June 30 , 2021 and filed its Form 10 - Q with the U.S. Securities and Exchange Commission . QUARTERLY HIGHLIGHTS • • • • • Net investment income per share for the quarter ended June 30 , 2021 was $ 0.57 . Excluding purchase discount amortization per share of $ 0.09 from the Merger ( as defined below ) , adjusted net investment income per share was $ 0.48 , equating to an annualized net investment income yield on book value of 12.0 % .¹ Earnings per share for the quarter ended June 30 , 2021 was $ 0.54 ; The Board declared a regular third quarter dividend of $ 0.45 per share payable to shareholders of record as of September 30 , 2021 ; ² In addition , the Company paid a special dividend of $ 0.05 per share on June 15 , 2021 , and will pay an additional $ 0.05 special dividend on September 15 , 2021 to shareholders of record as of August 16 , 2021 ; Net asset value per share for the quarter ended June 30 , 2021 increased 0.3 % to $ 16.05 from $ 16.00 as of March 31 , 2021 ; During the quarter , the Company made new investment commitments of $ 368.8 million , funded new investment commitments of $ 174.8 million , had net fundings of previously unfunded commitments of $ 35.2 million , and had sales and repayments activity totaling $ 277.4 million , resulting in a net funded portfolio change of $ ( 67.4 ) million ; The Company's net debt to equity ratio was 0.91x as of June 30 , 2021 versus 0.96x as of March 31 , 2021 ; As of June 30 , 2021 , the Company's total investments at fair value and commitments were $ 3,533.6 million , comprised of investments in 114 portfolio companies across 37 industries . The investment portfolio was comprised of 96.8 % senior secured debt , including 84.5 % in first lien investments ; ³ No new investments were placed on non - accrual during the quarter , and as of June 30 , 2021 , investments on non - accrual status amounted to 0.0 % and 0.3 % of the total investment portfolio at fair value and amortized cost , respectively ; As of June 30 , 2021 , 63 % of the Company's approximately $ 1,598.6 million of total principal amount of debt outstanding was comprised of unsecured debt and 37 % was comprised of secured debt . SELECTED FINANCIAL HIGHLIGHTS ( in $ millions , except per share data ) Investment portfolio , at fair value³ Total debt outstanding Net assets Net asset value per share Net debt to equity As of June 30 , 2021 As of March 31 , 2021 3,156.5 3,202.6 $ 1,598.6 $ 1,608.0 $ 1,631.5 $ 1,625.9 $ 16.05 $ 16.00 0.91x 0.96x