UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM
CURRENT REPORT
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Securities Exchange Act of 1934
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Item 1.01 – Entry into a Material Definitive Agreement.
On November 17, 2023, Goldman Sachs Private Credit Corp. (the “Company”) entered into a second amendment (the “Second Amendment”) to the Senior Secured Revolving Credit Agreement, dated as of April 6, 2023 (as amended by the First Amendment, dated August 9, 2023, and the Second Amendment, the “Truist Revolving Credit Facility”), among the Company, as borrower, the lenders and issuing banks party thereto, and Truist Bank, as administrative agent. The Second Amendment, among other things, (a) increased the total committed facility amount from $775,000,000 to $1,130,000,000, which includes the creation of a term loan tranche, (b) added the Australian Dollar as an Agreed Foreign Currency and the AUD Rate as its respective interest rate benchmark, (c) replaced the interest rate benchmark for Borrowings denominated in Canadian Dollars from CDOR to CORRA, which includes a credit spread adjustment of 0.29547% for one month tenor Borrowings and 0.32138% for three month tenor Borrowings, and (d) increased the accordion feature to permit an aggregate of up to $1,695,000,000 (from an aggregate of up to $1,500,000,000) in Borrowings at any one time outstanding. Capitalized terms used but not defined herein have the meanings ascribed thereto in the Truist Revolving Credit Facility.
The foregoing description is only a summary of the material provisions of the Second Amendment and is qualified in its entirety by reference to a copy of the Second Amendment, which is filed as Exhibit 10.1 to this Current Report on Form 8-K and incorporated by reference herein.
Item 2.03 – Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.
The information set forth under Item 1.01 above is incorporated by reference into this Item 2.03.
Item 9.01 – Financial Statements and Exhibits.
(d) Exhibits:
| Exhibit Number |
Description | |
| 10.1 | Second Amendment to Senior Secured Revolving Credit Agreement, dated as of November 17, 2023, among the Company, as Borrower, the Lenders and Issuing Banks party thereto, and Truist Bank, as Administrative Agent. | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). | |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Date: November 22, 2023 | GOLDMAN SACHS PRIVATE CREDIT CORP. (Registrant) | |||||
| By: | /s/ Alex Chi | |||||
| Name: | Alex Chi | |||||
| Title: | Co-Chief Executive Officer and Co-President | |||||
| By: | /s/ David Miller | |||||
| Name: | David Miller | |||||
| Title: | Co-Chief Executive Officer and Co-President | |||||