Goldman Sachs BDC, Inc. Reports December 31, 2024 Financial Results and Announces Quarterly Dividend of $0.32 Per Share

About this update from Goldman Sachs Bdc, Inc.

NEW YORK, February 27, 2025 --( BUSINESS WIRE )--Goldman Sachs BDC, Inc. ("GSBD", the "Company", "we", "us", or "our") (NYSE: GSBD) today reported financial results for the fourth quarter and year ended December 31, 2024 and filed its Form 10-K with the U.S. Securities and Exchange Commission. QUARTERLY HIGHLIGHTS SELECTED FINANCIAL HIGHLIGHTS Total investment income for the three months ended December 31, 2024 and September 30, 2024 was $103.8 million and $110.4 million, respectively. The decrease in total investment income was due to exits and downsize on certain investments. Net expenses before taxes for the three months ended December 31, 2024 and September 30, 2024 were $45.8 million and $40.7 million, respectively. Net expenses for the three months ended December 31, 2024 increased by $5.1 million, primarily driven by $6.3 million of accrued incentive fees, which were partially offset by lower interest expenses due to reduced average daily borrowing and a lower weighted average interest rate. INVESTMENT ACTIVITY 2 The following table summarizes investment activity for the three months ended December 31, 2024: During the three months ended December 31, 2024, new investment commitments were across six new portfolio companies and twelve existing portfolio companies. Sales and repayments were primarily driven by the full repayment and exit of our investments in nine portfolio companies. PORTFOLIO SUMMARY 2 As of December 31, 2024, the Company’s investments consisted of the following: The following table presents certain selected information regarding the Company’s investments: As of December 31, 2024, investments on non-accrual status represented 2.0% and 4.5% of the total investment portfolio at fair value and amortized cost, respectively. LIQUIDITY AND CAPITAL RESOURCES As of December 31, 2024, the Company had $1,934.6 million aggregate principal amount of debt outstanding, comprised of $674.6 million of outstanding borrowings under its senior secured revolving credit facility ("Revolving Credit Facility"), $360.0 million of unsecured notes due 2025, $500.0 million of unsecured notes due 2026 and $400.0 million of unsecured notes due 2027. The combined weighted average interest rate on debt outstanding was 5.07% for the three months ended December 31, 2024. As of December 31, 2024, the Company had $1,020.0 million of availability under its Revolving Credit Facility and $87.0 million in cash and cash equivalents. 3,8 The Company’s ending net debt-to-equity leverage ratio was 1.17x for the three months ended December 31, 2024, as compared to 1.16x for the three months ended September 30, 2024. 9 On February 7, 2025, the Company borrowed $365.0 million under its Revolving Credit Facility to repay $360.0 million aggregate principal amount outstanding, plus accrued and unpaid interest, on its 3.75% senior notes due 2025 (the "Notes") which matured on February 10, 2025. The repayment resulted in full satisfaction of the Company’s obligations under the Notes. Following this drawdown, the Company had approximately $626.3 million of borrowing capacity remaining under the Revolving Credit Facility. CONFERENCE CALL The Company will host an earnings conference call on Friday, February 28, 2025 at 9:00 am Eastern Time. All interested parties are invited to participate in the conference call by dialing (800) 289-0459; international callers should dial +1 (929) 477-0443; conference ID 427709. All participants are asked to dial in approximately 10-15 minutes prior to the call, and reference "Goldman Sachs BDC, Inc." when prompted. For a slide presentation that the Company may refer to on the earnings conference call, please visit the Investor Resources section of the Company’s website at www.goldmansachsbdc.com . An archived replay will be available on the Company’s webcast link located on the Investor Resources section of the Company’s website. Please direct any questions regarding the conference call to Goldman Sachs BDC, Inc. Investor Relations, via e-mail, at [email protected] . ENDNOTES ABOUT GOLDMAN SACHS BDC, INC. Goldman Sachs BDC, Inc. is a specialty finance company that has elected to be regulated as a business development company under the Investment Company Act of 1940. GSBD was formed by The Goldman Sachs Group, Inc. ("Goldman Sachs") to invest primarily in middle-market companies in the United States, and is externally managed by Goldman Sachs Asset Management, L.P., an SEC-registered investment adviser and a wholly-owned subsidiary of Goldman Sachs. GSBD seeks to generate current income and, to a lesser extent, capital appreciation primarily through direct originations of secured debt, including first lien, first lien/last-out unitranche and second lien debt, and unsecured debt, including mezzanine debt, as well as through select equity investments. For more information, visit www.goldmansachsbdc.com . Information on the website is not incorporated by reference into this press release and is provided merely for convenience. FORWARD-LOOKING STATEMENTS This press release may contain forward-looking statements that involve substantial risks and uncertainties. You can identify these statements by the use of forward-looking terminology such as "may," "will," "should," "expect," "anticipate," "project," "target," "estimate," "intend," "continue," or "believe" or the negatives thereof or other variations thereon or comparable terminology. You should read statements that contain these words carefully because they discuss our plans, strategies, prospects and expectations concerning our business, operating results, financial condition, dividends and other similar matters. These statements represent the Company’s belief regarding future events that, by their nature, are uncertain and outside of the Company’s control. Any forward-looking statement made by us in this press release speaks only as of the date on which we make it. Factors or events that could cause our actual results to differ, possibly materially from our expectations, include, but are not limited to, the risks, uncertainties and other factors we identify in the sections entitled "Risk Factors" and "Cautionary Statement Regarding Forward-Looking Statements" in filings we make with the Securities and Exchange Commission, and it is not possible for us to predict or identify all of them. We undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. View source version on businesswire.com: https://www.businesswire.com/news/home/20250227214096/en/ Contacts Goldman Sachs BDC, Inc. Investor Contact: Austin Neri, 212-902-1000 Media Contact: Victoria Zarella, 212-902-5400

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