debt
confidence high
sentiment neutral
materiality 0.60
Blackstone Mortgage Trust issues $400M of 3.750% Senior Secured Notes due 2027
BLACKSTONE MORTGAGE TRUST, INC.
- $400M aggregate principal, 3.750% interest, semi-annual payments, matures Jan 15, 2027.
- Proceeds to be used to pay down a portion of existing secured debt.
- Notes are senior secured, guaranteed by certain wholly owned subsidiaries.
- Optional redemption before Oct 15, 2026 at make-whole premium; after that at par.
- Change of control triggering event requires repurchase at 101% of principal plus accrued interest.