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Goldman to purchase securities of company-sponsored trusts through tender offer

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Goldman to purchase securities of company-sponsored trusts through tender offer

Goldman Sachs GroupInc. filed a tender offer statement to purchase up to $650 million ofoutstanding normal automatic preferred enhanced capitalsecurities of Goldman Sachs Capital II and Goldman Sachs Capital III.

Goldman Sachs is the sponsor of the two statutory trusts.

As of July 19, the aggregate outstanding liquidation amountsof the securities of Goldman Sachs Capital II and Goldman Sachs Capital III were$1.25 billion and $325.4 million, respectively.

The offer will expire at 11:59 p.m. ET Aug. 16, unless extendedor earlier terminated.

The settlement date is expected to be Aug. 18.

The company expects to use the proceedsfrom the financing transaction and cash on hand to pay the consideration, fees andexpenses related to the offer.