debt
confidence high
sentiment neutral
materiality 0.55
Blackstone Secured Lending Fund issues $400M of 5.250% notes due 2029
Blackstone Secured Lending Fund
- $400M principal of 5.250% senior unsecured notes due Sept 4, 2029 issued.
- Interest payable semi-annually on March 4 and Sept 4; first payment Sept 4, 2026.
- Notes rank pari passu with other unsecured debt, effectively junior to secured debt and structurally junior to subsidiary obligations.
- Covenants include maintaining asset coverage under Investment Company Act and change-of-control repurchase at 100% of principal plus accrued interest.
- Transaction closed March 3, 2026; underwritten by Citigroup, Barclays, J.P. Morgan, SMBC Nikko, Truist.