Blackstone Secured Lending Fund files $200M ATM equity offering

Blackstone Secured Lending Fund

Entered equity distribution agreements with SMBC Nikko, Truist, and RBC for up to $200M in common shares.
Sales may be made at-the-market or in negotiated transactions; agents receive up to 1% commission.
Proceeds to be used for general corporate purposes, including investments and debt repayment.
Offering price per share will not be less than NAV per share at time of sale.
Company has no obligation to sell any shares and may suspend offering at any time.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Blackstone Secured Lending Fund entered into Equity Distribution Agreements with SMBC Nikko Securities America, Inc., Truist Securities, Inc., and RBC Capital Markets, LLC valued at up to $200,000,000 (effective 2023-03-03).

Action: entry
Agreement: atm program
Counterparty: SMBC Nikko Securities America, Inc., Truist Securities, Inc., and RBC Capital Markets, LLC
Value: up to $200,000,000
Effective: 2023-03-03

Exact text from the filing

On March 3, 2023, Blackstone Secured Lending Fund (the “Company”) entered into (i) an equity distribution agreement by and among the Company, Blackstone Credit BDC Advisors LLC (the “Advisor”), Blackstone Alternative Credit Advisors LP (the “Administrator”) and SMBC Nikko Securities America, Inc. (“SMBC”), (ii) an equity distribution agreement by and among the Company, the Advisor, the Administrator and Truist Securities, Inc. (“Truist”) and (iii) an equity distribution agreement by and among the Company, the Advisor, the Administrator and RBC Capital Markets, LLC (“RBC,” and together with SMBC and Truist, the “Sales Agents”).

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Source: SEC EDGAR

accession 0001193125-23-060123

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