debt
confidence high
sentiment positive
materiality 0.55
Blackstone Secured Lending Fund reduces credit facility margin, extends maturity to Sept 2027
Blackstone Secured Lending Fund
- Applicable margin on advances reduced to 1.50%-1.95% p.a. (floor 1.80%), effective Sept 25, 2024.
- Availability period extended to March 30, 2027; stated maturity extended to September 30, 2027.
- Third Amendment revised definitions of Applicable Rate, Fee Letter, Maturity Date, and Partial PIK Asset.
- Company represented no Default or Event of Default exists; all conditions precedent satisfied.