2023-03-06 17:00:30 ET
- Goldman Sachs BDC ( NYSE: GSBD ) stock slid 5.1% in Monday after-hours trading after the business development company said it plans to offer 6.5M shares of its common stock.
- The company plans to use the net proceeds to repay part of its outstanding debt under its revolving credit facility. However, through reborrowings under the revolving credit facility, it plans to make new investments in line with its objective and strategies.
- GSBD plans to grant underwriters for the offering an option to purchase up to an additional 975K shares.
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Goldman Sachs BDC stock dips after 6.5M stock offering announced