8-KExhibits & Filings

GOLDMAN SACHS GROUP INC 8-K Report, Exhibit Filing (Apr 22, 2021)

Filed April 22, 2021For Securities:GSGS-PAGS-PCGS-PDGSCE

Summary

This 8-K filing by Goldman Sachs Group, Inc. (GS) announces the issuance of new debt securities on April 15, 2021, totaling $6 billion. This issuance consists of $3.75 billion in 2.615% Fixed/Floating Rate Notes due 2032 and $2.25 billion in 3.210% Fixed/Floating Rate Notes due 2042. These securities were issued under the company's existing shelf registration statement on Form S-3. For investors, this filing primarily serves as a confirmation of the company's active engagement in the debt capital markets. The issuance of long-term debt suggests a strategy to manage its capital structure, potentially fund ongoing operations, or support new strategic initiatives. Investors should note the specific interest rates and maturity dates, which are crucial for evaluating the company's cost of capital and future financial obligations.

Key Highlights

  • 1Goldman Sachs issued $6 billion in new debt securities on April 15, 2021.
  • 2The issuance comprises $3.75 billion in 2.615% Fixed/Floating Rate Notes due 2032.
  • 3The issuance also includes $2.25 billion in 3.210% Fixed/Floating Rate Notes due 2042.
  • 4These notes are designated as Fixed/Floating Rate Securities, indicating potential adjustments to interest rates.
  • 5The debt was issued under Goldman Sachs' existing shelf registration statement on Form S-3.
  • 6The filing includes legal opinions and consents from Sullivan & Cromwell LLP regarding the securities.
  • 7The report is formatted with iXBRL for enhanced data accessibility.

Frequently Asked Questions

Goldman Sachs issued a total of $6 billion in new debt securities.

The issuance includes $3.75 billion in 2.615% Fixed/Floating Rate Notes due 2032 and $2.25 billion in 3.210% Fixed/Floating Rate Notes due 2042.

The securities were issued pursuant to the company's shelf registration statement on Form S-3 (File No. 333-253421).

The 'Fixed/Floating Rate' designation means that the interest rate on these notes may change over their term. Initially, they may bear a fixed rate, but this rate could adjust to a floating rate (often tied to a benchmark like LIBOR or SOFR) under certain conditions specified in the indenture. This could impact the predictable income stream for bondholders.