{"url_path":"/sec/cik-0001920145/10-q/2026/item-2","section_key":"item-2","section_title":"Item 2 Unregistered Sales of Equity Securities and Use of Proceeds.","topic":"sec","document":{"doc_type":"10-Q","doc_date":"2026-05-12","source_url":"https://www.sec.gov/Archives/edgar/data/1920145/0001193125-26-219885-index.html","accession_number":"0001193125-26-219885","cik":"0001920145","ticker":null,"issuer_name":"Goldman Sachs Private Credit Corp.","edgar_url":"https://www.sec.gov/Archives/edgar/data/1920145/0001193125-26-219885-index.html","primary_entity_key":"0001920145","primary_entity_name":"Goldman Sachs Private Credit Corp."},"word_count":854,"has_tables":true,"body_markdown":"Item 2. Unregistered Sales of Equity Securities and Use of Proceeds.\n\nThe following table summarizes the total securities issued and proceeds:\n\n \n\n \n\nClass I\n\n \n\n \n\nClass S\n\n \n\n \n\nClass D\n\n \n\n \n\nShare Issue Date\n\n \n\nShares Issued\n\n \n\n \n\nProceeds\nReceived\n($ in millions)\n\n \n\n \n\nShares Issued\n\n \n\n \n\nProceeds\nReceived\n($ in millions)\n\n \n\n \n\nShares Issued\n\n \n\n \n\nProceeds\nReceived\n($ in millions)\n\n \n\n \n\nFor the Three Months Ended March 31, 2026\n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\nJanuary 1, 2026\n\n \n\n \n\n12,358,659\n\n \n\n \n\n$\n\n308.84\n\n \n\n \n\n \n\n—\n\n \n\n \n\n$\n\n—\n\n \n\n \n\n \n\n—\n\n \n\n \n\n$\n\n—\n\n \n\n \n\nFebruary 1, 2026\n\n \n\n \n\n22,794,095\n\n \n\n \n\n \n\n568.26\n\n \n\n \n\n \n\n4,011\n\n \n\n \n\n \n\n0.10\n\n \n\n \n\n \n\n—\n\n \n\n \n\n \n\n—\n\n \n\n \n\nMarch 1, 2026\n\n \n\n \n\n6,553,873\n\n \n\n \n\n \n\n161.98\n\n \n\n \n\n \n\n80,881\n\n \n\n \n\n \n\n2.00\n\n \n\n \n\n \n\n12,138\n\n \n\n \n\n \n\n0.30\n\n \n\n \n\nTotal\n\n \n\n \n\n41,706,627\n\n \n\n \n\n \n\n1,039.08\n\n \n\n \n\n \n\n84,892\n\n \n\n \n\n \n\n2.10\n\n \n\n \n\n \n\n12,138\n\n \n\n \n\n \n\n0.30\n\n \n\n \n\nFor the Three Months Ended March 31, 2025\n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\nJanuary 1, 2025\n\n \n\n \n\n23,191,555\n\n \n\n \n\n$\n\n584.89\n\n \n\n \n\n \n\n—\n\n \n\n \n\n$\n\n—\n\n \n\n \n\n \n\n—\n\n \n\n \n\n$\n\n—\n\n \n\n \n\nFebruary 1, 2025\n\n \n\n \n\n15,021,187\n\n \n\n \n\n \n\n378.83\n\n \n\n \n\n \n\n—\n\n \n\n \n\n \n\n—\n\n \n\n \n\n \n\n—\n\n \n\n \n\n \n\n—\n\n \n\n \n\nMarch 1, 2025\n\n \n\n \n\n12,743,027\n\n \n\n \n\n \n\n320.49\n\n \n\n \n\n \n\n—\n\n \n\n \n\n \n\n—\n\n \n\n \n\n \n\n—\n\n \n\n \n\n \n\n—\n\n \n\n \n\nTotal\n\n \n\n \n\n50,955,769\n\n \n\n \n\n \n\n1,284.21\n\n \n\n \n\n \n\n—\n\n \n\n \n\n \n\n—\n\n \n\n \n\n \n\n—\n\n \n\n \n\n \n\n—\n\n \n\n \n\nEach of the above issuances and sales of our Shares was exempt from the registration requirements of the Securities Act of 1933, as amended (the “Securities Act”), pursuant to Section 4(a)(2) of the Securities Act and Regulation D or Regulation S under the Securities Act, as applicable. Each purchaser of the Shares was required to represent that it (i) is either an “accredited investor” as defined in Rule 501 of Regulation D under the Securities Act or, in the case of Shares sold outside the United States, not a “U.S. person” in accordance with Regulation S of the Securities Act and (ii) was acquiring the Shares for investment and not with a view to resell or distribute. We did not engage in general solicitation or advertising, and did not offer securities to the public, in connection with such issuances and sales.\n\nIssuer Purchases of Equity Securities\n\nSubject to the discretion of our Board of Directors, we intend to maintain a share repurchase program in which we intend to offer to repurchase, in each quarter, up to 5% of our outstanding Shares (by number of shares) as of the close of the previous calendar quarter. Our Board of Directors may amend, suspend or terminate the share repurchase program if it deems such action to be in the best interests of us and our stockholders. As a result, share repurchases may not be available each quarter. We intend to conduct such repurchase offers in accordance with the requirements of Rule 13e-4 promulgated under the Exchange Act and the Investment Company Act. All Shares purchased pursuant to the\n\n100\n\n[Table of Contents](#toc_page)\n\nterms of each tender offer will be retired and thereafter will be authorized and unissued shares.\n\nUnder the share repurchase program, to the extent we offer to repurchase Shares in any particular quarter, we expect to repurchase such Shares pursuant to tender offers using a purchase price equal to the NAV per share as of the last calendar day of the applicable quarter, except that Shares that have not been outstanding for at least one year will be subject to an “early repurchase deduction” of 2% of the aggregate NAV of the Shares repurchased (an “Early Repurchase Deduction”). The one-year holding period is measured as of the subscription closing date immediately following the prospective repurchase date and does not include Shares received under our distribution reinvestment plan. The Early Repurchase Deduction may be waived by us in the case of repurchase requests arising from the death, divorce or qualified disability of the holder. In addition, our Shares may be sold to certain foreign feeder vehicles primarily created to hold our Shares that in turn offer interests in such feeder vehicles to non-U.S. persons. We expect to conduct such offerings pursuant to available exemptions from registration under the Securities Act. For such foreign feeder vehicles and similar arrangements in certain foreign markets, we may not apply, in whole or in part, the Early Repurchase Deduction and may otherwise modify the Early Repurchase Deduction, with respect to such foreign feeder vehicles or underlying investors, often because of administrative or their systems limitations. The Early Repurchase Deduction will be retained by us for the benefit of our remaining stockholders.\n\nThe following table sets forth information regarding repurchases of Shares under our share repurchase program during the three months ended March 31, 2026:\n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\nClass I\n\n \n\n \n\nClass S\n\n \n\n \n\nClass D\n\n \n\n \n\nOffer Date\n\n \n\nTender Offer Expiration Date\n\n \n\nPercentage of Outstanding Units the Company Offered to Repurchase(1)(2)\n\n \n\n \n\nPurchase Price Per Share\n\n \n\n \n\nAmount (3)\n($ in millions)\n\n \n\n \n\nNumber of Shares\n\n \n\n \n\nAmount (3)\n($ in millions)\n\n \n\n \n\nNumber of Shares\n\n \n\n \n\nAmount (3)\n($ in millions)\n\n \n\n \n\nNumber of Shares\n\n \n\n \n\nFor the Three Months Ended March 31, 2026\n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\nMarch 2, 2026\n\n \n\nMarch 27, 2026\n\n \n\n \n\n5.0\n\n%\n\n \n\n$\n\n24.62\n\n \n\n \n\n$\n\n425.20\n\n \n\n \n\n \n\n17,281,858\n\n \n\n \n\n$\n\n—\n\n \n\n \n\n \n\n—\n\n \n\n \n\n$\n\n—\n\n \n\n \n\n \n\n—\n\n \n\n \n\nTotal\n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n$\n\n425.20\n\n \n\n \n\n \n\n17,281,858\n\n \n\n \n\n$\n\n—\n\n \n\n \n\n \n\n—\n\n \n\n \n\n$\n\n—\n\n \n\n \n\n \n\n—\n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\nFor the Three Months Ended March 31, 2025\n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\nFebruary 24, 2025\n\n \n\nMarch 21, 2025\n\n \n\n \n\n5.0\n\n%\n\n \n\n$\n\n25.11\n\n \n\n \n\n$\n\n66.95\n\n \n\n \n\n \n\n2,667,462\n\n \n\n \n\n$\n\n—\n\n \n\n \n\n \n\n—\n\n \n\n \n\n$\n\n—\n\n \n\n \n\n \n\n—\n\n \n\n \n\nTotal\n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n$\n\n66.95\n\n \n\n \n\n \n\n2,667,462\n\n \n\n \n\n$\n\n—\n\n \n\n \n\n \n\n—\n\n \n\n \n\n$\n\n—\n\n \n\n \n\n \n\n—\n\n \n\n \n\n \n\n(1)\nPercentage is based on total shares as of the close of the previous calendar quarter.\n\n(2)\nAll repurchase requests were satisfied in full.\n\n(3)\nAmounts shown net of Early Repurchase Deduction."}