BCRED raises monthly distribution to $0.22/share (10.6% yield); appoints Oran Ebel as CLO

Blackstone Private Credit Fund

Monthly distribution increased from $0.2100 to $0.2200 per share for Class I shares.
Annualized yield of 10.6% based on June 30 NAV of $24.86; record date Aug 31, payable Sept 27.
Driven by higher base rates and wider deal spreads; portfolio 97% senior secured debt, 43% LTV.
Oran Ebel appointed Chief Legal Officer and Secretary, effective Aug 2, succeeding Marisa Beeney.
Board adopted Fourth Amended Declaration of Trust to update exclusive Delaware jurisdiction clause.

item 5.02 item 5.03 item 7.01 item 9.01

Executive movements

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Departed

Marisa J. Beeney

Chief Legal Officer and Secretary

Blackstone Private Credit Fund

Effective: 2023-08-02
Successor: Oran Ebel
Filed: August 3, 2023, 7:59 PM ET

resignation, effective as of the close of business on August 2, 2023, of Marisa J. Beeney as the Chief Legal Officer and Secretary of the Fund.

Appointed

Oran Ebel

Chief Legal Officer and Secretary

Blackstone Private Credit Fund

Effective: 2023-08-02
Filed: August 3, 2023, 7:59 PM ET

appointed Oran Ebel as the Chief Legal Officer and Secretary of the Fund effective as of the close of business on August 2, 2023.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Marisa J. Beeney resigned as Chief Legal Officer and Secretary at Blackstone Private Credit Fund.

Action: resigned
Role: Chief Legal Officer and Secretary

Exact text from the filing

resignation, effective as of the close of business on August 2, 2023, of Marisa J. Beeney as the Chief Legal Officer and Secretary of the Fund.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Oran Ebel was appointed as Chief Legal Officer and Secretary at Blackstone Private Credit Fund.

Action: appointed
Role: Chief Legal Officer and Secretary

Exact text from the filing

appointed Oran Ebel as the Chief Legal Officer and Secretary of the Fund effective as of the close of business on August 2, 2023.

View on SEC.gov

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Blackstone Private Credit Fund: Amended the declaration of trust to update the exclusive Delaware jurisdiction clause to exclude claims arising under state securities laws, in addition to federal securities laws (effective 2023-08-02).

Change: charter amendment
Effective: 2023-08-02

Exact text from the filing

On August 2, 2023, the Board adopted the Fourth Amended and Restated Declaration of Trust, which amends the Fund’s previously effective declaration of trust to update the Fund’s exclusive Delaware jurisdiction clause to state that it does not apply to claims, suits, actions or proceedings arising out of or relating to state securities laws or rules and regulations thereunder, in addition to federal securities laws or rules and regulations thereunder.

View on SEC.gov

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Source: SEC EDGAR

accession 0001193125-23-202283

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