Goldman Sachs Secures $1 Billion in Bonds with Ropes & Gray Guidance
Deal News | May 07, 2025 | Ropes & Gray
Ropes & Gray, a prominent law firm, advised the initial purchasers in a substantial bond offering by Goldman Sachs Private Credit Corp. This transaction involved a $1 billion issuance of 144A investment-grade bonds, consisting of $400 million in notes with a 5.875% interest rate due in 2028, and $600 million in notes with a 6.250% interest rate due in 2030. The deal successfully closed on May 6. The bond offering marks Goldman Sachs Private Credit Corp’s debut underwritten offering, marking a significant milestone for the business development company. The capital markets team at Ropes & Gray was led by partner Paul Tropp.
Sectors
- Financial Services
- Legal Services
Geography
- United States – Goldman Sachs Private Credit Corp. is a U.S.-based company, and the bond offering and legal advisory are taking place within this geographical context.
Industry
- Financial Services – The bond offering is relevant to the financial services industry, particularly as it involves investment-grade bonds and a business development company.
- Legal Services – Ropes & Gray, a law firm, advised on the bond issuance, highlighting the role of legal services in financial transactions.
Financials
- $1 billion – The total amount of the bond offering by Goldman Sachs Private Credit Corp.
- $400 million – Aggregate principal amount of notes with a 5.875% interest rate due in 2028.
- $600 million – Aggregate principal amount of notes with a 6.250% interest rate due in 2030.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Goldman Sachs Private Credit Corp. | Issuer | Company | A business development company conducting its debut underwritten bond offering. |
| Ropes & Gray | Legal Advisor | Company | A law firm advising the initial purchasers in the bond offering. |
| Paul Tropp | Lead Partner | Person | Capital markets partner at Ropes & Gray leading the advisory team. |