8-KExhibits & Filings

GOLDMAN SACHS GROUP INC 8-K Report, Exhibit Filing (Jun 13, 2022)

Filed June 13, 2022For Securities:GSGS-PAGS-PCGS-PDGSCE

Summary

Goldman Sachs Group, Inc. (GS) filed a Current Report on Form 8-K on June 13, 2022, to disclose the issuance of new debt securities. Specifically, the company announced the sale of $700,000,000 aggregate principal amount of 4.387% Fixed/Floating Rate Notes due 2027. This issuance was conducted under the company's existing shelf registration statement on Form S-3, previously filed and amended. The filing primarily serves as a mechanism to include the necessary legal opinions and consents related to this debt offering. Investors should note that this 8-K does not contain any new financial statements or significant operational updates, but rather details the legal framework and documentation supporting a recent financing activity. The inclusion of exhibits like the legal opinion from Sullivan & Cromwell LLP and iXBRL-formatted data are standard for such disclosures.

Key Highlights

  • 1Goldman Sachs Group, Inc. issued $700,000,000 in 4.387% Fixed/Floating Rate Notes due 2027.
  • 2The debt issuance occurred on June 13, 2022.
  • 3The notes were issued pursuant to the company's shelf registration statement on Form S-3.
  • 4The filing includes an opinion from Sullivan & Cromwell LLP concerning the legality of the issued securities.
  • 5A consent from Sullivan & Cromwell LLP is also included as part of the legal opinion exhibit.
  • 6The report utilizes iXBRL for enhanced data accessibility, including cover page interactive data.
  • 7This 8-K filing is primarily for documenting a financing event and does not contain new financial results or operational updates.

Frequently Asked Questions

The primary purpose of this 8-K filing is to report on the issuance of new debt securities by Goldman Sachs Group, Inc., specifically $700,000,000 of 4.387% Fixed/Floating Rate Notes due 2027. It includes the necessary legal documentation and opinions related to this offering.

No, this specific 8-K filing (Item 9.01) is solely related to the issuance of debt securities and includes financial statement and exhibit information relevant to that event. It does not contain new financial statements or updates on the company's operational performance.

A shelf registration statement (like the Form S-3 mentioned) allows a company to register securities for future sale over a period of time. By having a shelf registration in place, Goldman Sachs can more efficiently issue new debt or equity without filing a completely new registration statement each time, as demonstrated by this note issuance.

Sullivan & Cromwell LLP is a law firm. Their opinion is included as Exhibit 5.1 to provide legal assurance, likely confirming the validity, legality, and enforceability of the newly issued 4.387% Fixed/Floating Rate Notes due 2027. Their consent (Exhibit 23.1) is also required for their opinion to be referenced in the registration statement.