Goldman Sachs Group Inc. (NYSE:GS) announced today the issuance of $5.5 billion in new debt securities, divided into two tranches, with maturity dates in 2030 and 2035. The announcement was made through a Form 8-K filing with the U.S. Securities and Exchange Commission.
The first tranche, $2.5 billion in 5.049% fixed/floating rate notes, will mature in 2030. The second tranche consists of $3 billion in 5.330% fixed/floating rate notes due in 2035. These securities were issued pursuant to the company's shelf registration statement and are listed on the New York Stock Exchange under various trading symbols, including GS/31B for the medium-term notes due March 2031 and GS/31X for those due May 2031.
Additionally, the filing included exhibits such as the opinion of Sullivan & Cromwell LLP regarding the legality of the securities and consent of the same, which are incorporated by reference into the registration statement.
The move by Goldman Sachs to raise capital through these new securities comes as the firm continues to navigate the evolving financial landscape. The issuance was carried out under the direction of Assistant Secretary Matthew E. Tropp, as stated in the signature section of the filing.
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