Goldman Sachs BDC restructures two non-accruals

A fiber-optics telecom company and a military services business, both of which were on non-accrual status in GSBD’s portfolio in Q2, have since been refinanced.

Goldman Sachs BDC (GSBD) executives said in its second-quarter report that two investments have been refinanced past the 30 June quarter-end to put the companies and Goldman's investments, in a better position.

The $1.2 billion BDC placed its first-lien investment in NTS Communications on non-accrual status in the second quarter, while its loan to Hunter Defense had been on non-performing status since Q1.