Summary
Goldman Sachs Group, Inc. (GS) filed an 8-K on June 9, 2011, primarily to report the issuance of new debt securities. The company has issued $11,644,000 in 5.00% Notes due 2024, $1,869,000 in 5.25% Notes due 2029, and $12,461,000 in 5.50% Notes due 2035. This issuance was made under the company's existing automatic shelf registration statement on Form S-3.
Key Highlights
- 1Goldman Sachs issued new debt securities on June 9, 2011.
- 2The total principal amount of debt issued is $25,974,000 ($11,644M + $1,869M + $12,461M).
- 3The notes issued mature in 2024, 2029, and 2035, with coupon rates of 5.00%, 5.25%, and 5.50% respectively.
- 4The debt issuance was conducted under Goldman Sachs' automatic shelf registration statement on Form S-3.
- 5The filing includes legal opinions and consents from Sullivan & Cromwell LLP, acting as counsel for the issuance.
Frequently Asked Questions
The primary purpose of this 8-K filing is to formally announce and provide documentation for the issuance of new long-term debt securities by Goldman Sachs Group, Inc.
Goldman Sachs issued three tranches of notes: $11,644,000 of 5.00% Notes due 2024, $1,869,000 of 5.25% Notes due 2029, and $12,461,000 of 5.50% Notes due 2035. The total principal amount is $25,974,000.
The debt issuance was made under Goldman Sachs' existing automatic shelf registration statement on Form S-3 (File No. 333-154173), indicating that the company had pre-registered its ability to issue securities.
The filing includes the opinion of Sullivan & Cromwell LLP regarding the debt issuance, and their consent as part of that opinion, which are incorporated by reference into the registration statement.