debt
confidence high
sentiment neutral
materiality 0.50
Blackstone Secured Lending Fund issues $500M of 5.300% notes due 2030
Blackstone Secured Lending Fund
- Issued $500M aggregate principal of 5.300% notes maturing June 30, 2030.
- Interest payable semi-annually on June 30 and Dec 30, starting June 30, 2025.
- Notes are unsecured, rank senior to subordinated debt, pari passu with other unsecured, effectively junior to secured debt.
- Fund may redeem notes at its option at any time; change-of-control repurchase at 100% plus accrued interest.
- Covenants include maintaining asset coverage under the Investment Company Act of 1940.