debt
confidence high
sentiment neutral
materiality 0.50
Blackstone Secured Lending Fund amends credit facility: extends maturity to Sep 2026, adjusts margin to 2.10%-2.45%
Blackstone Secured Lending Fund
- Applicable margin changes from 1.80% to 2.10%-2.45% based on collateral type, effective Sep 25, 2024.
- Availability period for advances extended to March 30, 2026.
- Maturity date extended to September 30, 2026.
- Portfolio criteria amended: unfunded commitments cap reduced; Partial PIK assets limit set at 15% of Aggregate Assigned Value.
- No default or event of default occurred as of the amendment date.