debt
confidence high
sentiment neutral
materiality 0.60
BXMT issues $450M of 6.250% Senior Secured Notes due 2031
BLACKSTONE MORTGAGE TRUST, INC.
- Issued $450M aggregate principal of 6.250% Senior Secured Notes due June 1, 2031.
- Interest payable semi-annually on June 1 and December 1, starting December 1, 2026.
- Net proceeds to be used for general corporate purposes, including paying down existing secured debt.
- Notes are senior secured obligations, guaranteed by certain wholly owned subsidiaries.
- Upon a change of control triggering event, holders can require repurchase at 101% of principal.
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