other material
confidence high
sentiment neutral
materiality 0.50
Blackstone Secured Lending Fund establishes $600M at-the-market equity offering program
Blackstone Secured Lending Fund
- Up to $600M of common shares may be sold from time to time through eight sales agents in at-the-market offerings.
- Proceeds to be used for general corporate purposes including investments and repaying indebtedness.
- Commissions to sales agents up to 1% of gross sales price; offering price per share not less than NAV.
- Prior equity distribution agreements dated September 2024 terminated effective January 17, 2025.
- Shares sold through Truist, RBC, BTIG, Compass Point, Raymond James, Regions, Drexel Hamilton, SMBC Nikko.