debt
confidence high
sentiment neutral
materiality 0.60
Blackstone Secured Lending Fund issues $400M 5.875% notes due 2027
Blackstone Secured Lending Fund
- Issued $400M aggregate principal of 5.875% notes due Nov 15, 2027.
- Interest payable semi-annually starting Nov 15, 2024; redeemable at fund's option.
- Notes are unsecured, rank pari passu with other unsecured debt, junior to secured debt.
- Covenants include asset coverage requirement per Investment Company Act and financial reporting if no longer reporting.
- Change of control repurchase event triggers offer to buy at 100% plus accrued interest.