UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): April 5, 2017
Goldman Sachs Private Middle Market
Credit LLC
(Exact name of registrant as specified in charter)
| Delaware | 000-55660 | 81-3233378 | ||
| (State or other jurisdiction of Incorporation) |
(Commission File No.) |
(I.R.S. Employer Identification No.) | ||
| 200 West Street, New York, New York | 10282 | |||
| (Address of principal executive offices) | (Zip Code) | |||
Registrant’s telephone number, including area code: (212) 902-0300
Not Applicable
(Former name or address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| ☐ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| ☐ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| ☐ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| ☐ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Item 7.01 – Regulation FD Disclosure.
On April 5, 2017, Goldman Sachs Private Middle Market Credit LLC (the “Fund”) disclosed the below information pertaining to its investment activity:
Investment Activity
From March 16, 2017 to April 3, 2017, the Fund made new investment commitments of $51.9 million across three new portfolio companies and one existing portfolio company. Set forth below is a brief description of each portfolio company in which the Fund has made new investment commitments during such period:
American Dental Partners, Inc.
American Dental Partners, Inc. (“American Dental”) is a leading provider of business services, support staff and dental facilities to multidisciplinary dental group practices. In March 2017, the Fund provided a $13.6 million second lien senior secured loan to American Dental. The loan bears interest at a rate of LIBOR plus 8.50% per year (subject to a 1.00% LIBOR floor) and matures in September 2023.
NetVoyage Corporation
NetVoyage Corporation (“NetVoyage”) provides cloud-based document management services to law firms and corporate legal departments which enables users to securely store and manage documents. In March 2017, the Fund provided a $1.0 million revolver and a $12.5 million first lien senior secured loan to NetVoyage. The loans bear interest at a rate of LIBOR plus 9.50% per year (subject to a 1.00% LIBOR floor) and mature in March 2022.
ProCare Software, LLC
ProCare Software, LLC (“ProCare”) is a leading provider of childcare management software, payment processing, hardware and hosting services. In September 2016, the Fund provided a $25.0 million second lien senior secured loan to ProCare. In March 2017, the Fund provided an additional $10.0 million second lien senior secured loan. The loans bear interest at a rate of LIBOR plus 8.75% per year (subject to a 1.00% LIBOR floor) and mature in September 2022.
Yasso, Inc.
Yasso, Inc. (“Yasso”) is a better-for-you frozen Greek yogurt brand that sells to consumers through major club and grocery stores. In March 2017, the Fund provided a $14.5 million first lien senior secured loan to Yasso and invested $1.4 million in common equity. The loan bears interest at a rate of LIBOR plus 7.75% per year (subject to a 1.00% LIBOR floor) and matures in March 2022.
* * *
The information disclosed under this Item 7.01 is being “furnished” and shall not be deemed “filed” by the Fund for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that Section, and shall not be deemed incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Goldman Sachs Private Middle Market Credit LLC | ||||||
| Date: April 5, 2017 | By: | /s/ Jonathan Lamm | ||||
| Name: Jonathan Lamm | ||||||
| Title: Chief Financial Officer and Treasurer | ||||||