Goldman Sachs Announces Results of Tender Offer for Any and All of its 5.625% Subordinated Notes Due 2017

NEW YORK, May 16, 2016  — The Goldman Sachs Group, Inc. (NYSE: GS) (the “Company”) today announced that its previously announced cash tender offer (the “Tender Offer”) for its 5.625% Subordinated Notes due 2017 (the “Notes”) expired at 5:00 p.m., New York City time, on May 13, 2016 (the “Expiration Time”).

At the Expiration Time, according to information provided by Global Bondholder Services Corporation, the Information Agent and Depositary for the Tender Offer, $613,141,000 aggregate principal amount of the Notes had been validly tendered and not validly withdrawn, including $558,000 aggregate principal amount of the Notes tendered subject to the guaranteed delivery procedures.

The Company expects to accept for payment all Notes validly tendered and not validly withdrawn at or prior to the Expiration Time, including Notes delivered in accordance with the guaranteed delivery procedures.  Payment for the Notes is expected to be made on May 18, 2016.

The Tender Offer was made pursuant to the related Offer to Purchase, dated May 9, 2016 (the “Offer to Purchase”), Letter of Transmittal and Notice of Guaranteed Delivery.

Goldman, Sachs & Co. acted as the dealer manager for the Tender Offer.

This announcement is for informational purposes only. This announcement is not an offer to purchase or a solicitation of an offer to sell the Notes. 

 

The Goldman Sachs Group, Inc. is a leading global investment banking, securities and investment management firm that provides a wide range of financial services to a substantial and diversified client base that includes corporations, financial institutions, governments and individuals. Founded in 1869, the firm is headquartered in New York and maintains offices in all major financial centers around the world. 

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