debt
confidence high
sentiment neutral
materiality 0.55
BXSL issues $400M of 5.350% unsecured notes due April 2028
Blackstone Secured Lending Fund
- $400M aggregate principal, 5.350% coupon payable semi-annually, matures April 13, 2028.
- Notes are general unsecured obligations ranking pari passu with other unsecured debt.
- Fund may redeem notes at its option; change-of-control repurchase at 100% of par.
- Covenants include maintaining asset coverage under Section 18(a)(1)(A) of Investment Company Act.
- Transaction closed October 15, 2024; proceeds for general corporate purposes.