debt
confidence high
sentiment neutral
materiality 0.50
BXMT issues $400M 3.750% Senior Secured Notes due 2027 to repay secured debt
BLACKSTONE MORTGAGE TRUST, INC.
- $400M aggregate principal, 3.750% coupon, priced at 100.000% of par.
- Notes mature January 15, 2027; interest payable semi-annually on Jan 15 and Jul 15.
- Offering expected to close on October 5, 2021, subject to customary conditions.
- Net proceeds to be used to pay down a portion of existing secured debt.
- Issued under Rule 144A/Reg S; fully and unconditionally guaranteed by certain subsidiaries.