GOLDMAN SACHS BDC, INC.Common StockPreferred StockWarrantsDebt SecuritiesSubscription Rights

 

We are an externally managed specialty finance company that is a

non-diversified,

closed-end

management investment company that has elected to be regulated as a business development company ("BDC") under the Investment Company Act of 1940, as amended (the "Investment Company Act"). We are focused on lending to "middle market companies," a term we generally use to refer to companies with between $5 million and $200 million of annual earnings before interest expense, income tax expense, depreciation and amortization ("EBITDA") excluding certain onetime, and

non-recurring

items that are outside the operations of these companies. Our investment objective is to generate current income and, to a lesser extent, capital appreciation primarily through direct originations of secured debt, including first lien, unitranche debt, including last out portions of such loans, and second lien debt, and unsecured debt, including mezzanine debt, as well as through select equity investments.

We are managed by our investment adviser, Goldman Sachs Asset Management, L.P., a Delaware limited partnership ("GSAM" or our "Investment Adviser"), an indirect, wholly-owned subsidiary of The Goldman Sachs Group, Inc. ("GS Group Inc."). GS Group Inc., together with Goldman Sachs & Co. LLC (including its predecessors, "GS & Co."), GSAM and its other subsidiaries and affiliates, are collectively referred to herein as "Goldman Sachs."

We may offer, from time to time, in one or more offerings, together or separately, our common stock, preferred stock, warrants, debt securities or subscription rights representing rights to purchase shares of our common stock, preferred stock or debt securities, which we refer to, collectively, as the "securities." The securities may be offered at prices and on terms to be described in one or more supplements to this prospectus.

 

Our common stock is traded on the New York Stock Exchange under the symbol "GSBD." On September 28, 2026, the last reported sales price of our common stock on the New York Stock Exchange was $9.46 per share, and the net asset value ("NAV") per share of our common stock on June 30, 2026 (the last date prior to the date of this prospectus on which we determined our NAV per share) was $12.06.