8-KExhibits & Filings

GOLDMAN SACHS GROUP INC 8-K Report, Exhibit Filing (Mar 6, 2013)

Filed March 6, 2013For Securities:GSGS-PAGS-PCGS-PDGSCE

Summary

Goldman Sachs Group, Inc. (GS) filed a Form 8-K on March 6, 2013, primarily to report on the issuance of new debt securities. The company successfully issued $500,000,000 in Floating Rate Notes due in 2017. This issuance was made under their existing automatic shelf registration statement on Form S-3, indicating ongoing access to capital markets for debt financing. This filing is important for investors as it demonstrates the company's ability to raise significant capital through debt offerings, a key function for large financial institutions. The fact that the issuance occurred under a shelf registration suggests that GS had pre-registered its securities, allowing for a relatively quick and efficient capital raise. Investors should note that floating rate notes carry interest rate risk, meaning their coupon payments will adjust with market rates.

Key Highlights

  • 1Goldman Sachs Group, Inc. (GS) issued $500,000,000 in Floating Rate Notes due 2017 on March 6, 2013.
  • 2The debt issuance was conducted under the company's automatic shelf registration statement on Form S-3 (File No. 333-176914).
  • 3This filing confirms GS's continued access to public debt markets for funding.
  • 4The filing includes legal opinions and consents from Sullivan & Cromwell LLP related to the debt issuance.
  • 5The event date for the debt issuance was March 5, 2013, with the filing occurring on March 6, 2013.

Frequently Asked Questions

The primary purpose of this 8-K filing is to report the issuance of $500,000,000 in Floating Rate Notes due 2017 by Goldman Sachs Group, Inc. It serves as official notification to the SEC and investors about this significant debt financing activity.

Floating Rate Notes (FRNs) are debt securities whose interest payments are not fixed but rather adjust periodically based on a benchmark interest rate, such as LIBOR or SOFR. This means the coupon payments can go up or down over the life of the note.

A shelf registration statement allows a company to register securities it plans to issue in the future. This enables the company to quickly access capital markets when needed without having to go through the full registration process each time. It indicates that Goldman Sachs had pre-approved the potential for such issuances.

The event date (March 5, 2013) is when the debt securities were actually issued. The filing date (March 6, 2013) is the date the company officially reported this event to the SEC, adhering to the required reporting timelines for material events.