---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-275755"
form_type: "8-K"
ticker: "BXMT"
cik: "0001061630"
company_name: "BLACKSTONE MORTGAGE TRUST, INC."
filed_at: "2024-12-11T23:59:59+00:00"
generated_at: "2026-05-29T04:35:08.044029+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Blackstone Mortgage Trust closes $1.1B debt financing: $650M term loan and $450M senior notes

## Summary
- Added $650M Term B-5 Loans due 2028, SOFR+3.75% or base+2.75%, quarterly amortization 0.25% starting Mar 31, 2025.
- Issued $450M 7.750% Senior Secured Notes due 2029; interest semi-annual, use proceeds for general corporate purposes and paying down existing secured debt.
- Term B-5 proceeds used to refinance 2019 New Term Loans and Term B-3 Loans maturing April 2026.
- Notes are senior secured, rank pari passu with existing secured debt; change-of-control put at 101% of principal.
- Indenture includes debt incurrence limits and total debt to total assets ratio covenant (max 83.333%).

## SEC filing metadata
- accession: 0001193125-24-275755
- form_type: 8-K
- ticker: BXMT
- cik: 0001061630
- company_name: BLACKSTONE MORTGAGE TRUST, INC.
- filed_at: 2024-12-11T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1061630/000119312524275755/0001193125-24-275755-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1061630/000119312524275755/d892246d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-275755
- JSON: https://secwatch.observer/filing/0001193125-24-275755.json
- Plain text: https://secwatch.observer/filing/0001193125-24-275755.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.