UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of report (Date of earliest event reported):
(Exact name of Registrant as Specified in Its Charter)
| (State or other jurisdiction of incorporation) |
(Commission File Number) |
(IRS Employer Identification Number) |
| |
||
| (Address of principal executive offices) | (Zip Code) |
(Registrant’s telephone number, including area code)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class |
Trading |
Name of each exchange | ||
| N/A | N/A | N/A |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b- 2 of the Securities Exchange Act of 1934.
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
| Item 3.02. | Unregistered Sales of Equity Securities. |
As of April 1, 2026, Goldman Sachs Private Credit Corp. (the “Company”) sold unregistered shares, as shown in the table below (with the final number of shares being determined on April 27, 2026). 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:
| Share Class |
Amount of Shares | Consideration (in 000s) | ||||||
| Class I Shares |
4,280,186 | $ | 105,382 | |||||
| Class S Shares |
59,118 | $ | 1,456 | |||||
| Class D Shares |
— | $ | — | |||||
The sale of shares shown in the table above 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 2026 Distribution
On February 25, 2026, the Board of Directors of the Company declared a regular distribution per share with respect to the Class I, Class S and Class D shares for the month of March 2026 (the “March Distribution”).
| Gross Distribution(1) | Stockholder Servicing and/or Distribution Fee(1) |
Net Distribution(1) | Annualized Distribution Yield(2) |
|||||||||||||
| Class I Shares |
$ | 0.1850 | — | $ | 0.1850 | 9.0 | % | |||||||||
| Class S Shares |
$ | 0.1850 | $ | 0.0185 | $ | 0.1665 | 8.1 | % | ||||||||
| Class D Shares |
$ | 0.1850 | $ | 0.0052 | $ | 0.1798 | 8.8 | % | ||||||||
| (1) | Amounts are calculated to eight decimal places and are rounded to four decimal places in the table above. |
| (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 of the applicable share class and reflects the actual distribution per share paid of the applicable share class. |
The March Distribution is payable on or about May 6, 2026 to stockholders of record as of the open of business on March 31, 2026. The March Distribution will be paid in cash or reinvested in shares of the same class for stockholders participating in the Company’s distribution reinvestment plan.
Total Return Based on NAV
As of March 31, 2026, estimated total return based on NAV for Class I shares and Class S shares was as follows:
| 1-Month | 3-Month | Year-To-Date | 1-Year | Inception-to-Date | ||||||||||||||||
| Class I Shares (1) |
0.4 | % | 0.7 | % | 0.7 | % | 7.3 | % | 9.5 | % | ||||||||||
| Class S Shares (1) |
0.3 | % | N/A | 0.1 | % | N/A | 0.1 | % | ||||||||||||
| Class D Shares (1) |
0.3 | % | N/A | 0.3 | % | N/A | 0.3 | % | ||||||||||||
| (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-date total return based on NAV for Class I Shares began on April 6, 2023, the date the Company commenced operations. Performance calculations for year-to-date and inception-to-date total return based on NAV for Class S Shares began on February 1, 2026, the date the Company first issued Class S shares. Performance calculations for year-to-date and inception-to-date total return based on NAV for Class D Shares began on March 1, 2026, the date the Company first issued Class D shares. Returns for periods greater than one year are annualized. |
| Item 8.01. | Other Events. |
Net Asset Value (as of March 31, 2026)
As of March 31, 2026, the Company’s NAV was approximately $9.2 billion. The NAV per Class I share, Class S share and Class D share as of March 31, 2026, as determined in accordance with the Company’s valuation policy, is set forth below.
| NAV per share as of March 31, 2026 | ||||
| Class I Shares |
$ | 24.62 | ||
| Class S Shares |
$ | 24.62 | ||
| Class D Shares |
$ | 24.62 | ||
| (1) | NAV per share is calculated to four decimal places and is rounded to two decimal places in the table above. |
As of March 31, 2026, the fair value of the Company’s investment portfolio was approximately $16.5 billion.
Fund Leverage (as of March 31, 2026)
The following table sets forth fund leverage as of March 31, 2026:
| Fund Leverage as of March 31, 2026 | ||||
| Fund Leverage(1) |
0.8x | |||
| (1) | Fund leverage is calculated using the average daily borrowings of the Company during the month divided by average net assets during the month. |
Past performance is not necessarily indicative of future performance, and there can be no assurance that the Company will achieve comparable investment results, or that any targeted returns will be met.
The information presented above is based on management’s preliminary determinations as of March 31, 2026. Consequently, the data set forth in the Company’s subsequent Quarterly Reports on Form 10-Q or Annual Reports on Form 10-K may differ from this information and any such differences may be material. In addition, the information presented above does not include all of the information regarding the Company’s financial condition and results of operations that may be important to investors. As a result, investors are cautioned not to place undue reliance on the information presented above.
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.
| GOLDMAN SACHS PRIVATE CREDIT CORP. (Registrant) | ||||||
| Date: April 27, 2026 | By: | /s/ Vivek Bantwal | ||||
| Name: | Vivek Bantwal | |||||
| Title: | Co-Chief Executive Officer | |||||
| By: | /s/ David Miller | |||||
| Name: | David Miller | |||||
| Title: | Co-Chief Executive Officer | |||||