04/17/2025 | Press release | Distributed by Public on 04/17/2025 14:22
Item 3.02. |
Unregistered Sales of Equity Securities. |
As of April 1, 2025, Goldman Sachs Private Credit Corp. (the "Company") sold unregistered Class I shares ("Shares") (with the final number of Shares being determined on April 17, 2025). The offer and sale of the Shares was exempt from the registration requirements of the Securities Act of 1933, as amended (the "Securities Act"), pursuant to Section 4(a)(2) thereof, Regulation D thereunder and/or Regulation S thereunder. The following table details the Shares sold:
Date of Unregistered Sale | Amount of Class I Shares | Consideration | ||||||
As of April 1, 2025 (number of shares finalized on April 17, 2025) |
19,173,626 |
$481,449,747 |
The sale of Shares was made pursuant to subscription agreements entered into by the Company and the purchasers thereof. The Company relied, in part, upon representations from the purchasers in the subscription agreements that each purchaser was an accredited investor (as defined in Regulation D under the Securities Act) and/or Non-U.S.Person (as defined in Regulation S under the Securities Act).
Item 7.01. |
Regulation FD Disclosure. |
March 2025 Distribution
On February 26, 2025, the Board of Directors of the Company declared a regular distribution per share with respect to the Shares for the month of March 2025 (the "March Distribution").
Distribution(1) | Annualized Distribution Yield(2) | |||||||
Class I Shares |
$0.19 per share |
9.1 |
% |
(1) |
Distribution per share is rounded to two decimal places. |
(2) |
Annualized distribution yield reflects the current month's distribution per share annualized and divided by the current month end net asset value ("NAV") per share and reflects the actual distribution per share paid. |
The March Distribution is payable on or about April 28, 2025 to stockholders of record as of the open of business on March 31, 2025. The March Distribution will be paid in cash or reinvested in Shares for stockholders participating in the Company's distribution reinvestment plan.
Total Return Based on NAV
As of March 31, 2025, the total return based on NAV was as follows:
1-Month | 3-Month | Year-To-Date | 1-Year | Inception-to-Date | ||||||||||||||||
Class I Shares(1) |
0.6 |
% |
1.9 |
% |
1.9 |
% |
9.3 |
% |
10.6 |
% |
(1) |
Total return based on NAV is calculated as the change in NAV per share during the applicable period, plus distributions per share during the applicable period (assuming distributions are reinvested in accordance with the Company's distribution reinvestment plan). Performance calculations for inception-to-datetotal return based on NAV began on April 6, 2023, the date the Company commenced operations. Returns for periods greater than one year are annualized. |
Item 8.01. |
Other Events. |
Net Asset Value (as of March 31, 2025)
As of March 31, 2025, the Company's NAV was approximately $6.2 billion. The NAV per share as of March 31, 2025, as determined in accordance with the Company's valuation policy, is set forth below.
NAV per share as of March 31, 2025 | ||||
Class I Shares |
$25.11 |
As of March 31, 2025, the fair value of the Company's investment portfolio was approximately $8.2 billion.
Fund Leverage (as of March 31, 2025)
The following table sets forth fund leverage as of March 31, 2025:
Fund Leverage as of March 31, 2025 | ||||
Fund Leverage(1) |
0.4x |
(1) |
Fund leverage is calculated using the average daily borrowings of the Company during the month divided by average net assets during the month. |