---
schema_version: "secwatch.filing_event.v1"
accession: "0001803498-25-000086"
form_type: "8-K"
ticker: null
cik: "0001803498"
company_name: "Blackstone Private Credit Fund"
filed_at: "2025-12-19T23:59:59+00:00"
generated_at: "2026-05-16T12:37:27.304243+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Blackstone Private Credit Fund Reports December 2025 Distributions, NAV Update, and Unregistered Share Sale

## Summary
- Sold 12,674,689 unregistered Class I shares for $315,219,519 as of Dec 1, 2025 (finalized Dec 18).
- Declared distributions: $0.2000 per Class I share, $0.1824 Class S, $0.1948 Class D, payable Jan 28, 2026.
- NAV per share $24.87 for all classes as of Nov 30, 2025; aggregate NAV $49.1B, portfolio $79.0B, debt $32.9B.
- Leverage ratio of 0.67x with 90% floating rate and 10% fixed rate; committed debt capacity $38.4B.
- Total shares issued in Offering and Private Offering reached $55.1B in consideration as of filing date.

## SEC filing metadata
- accession: 0001803498-25-000086
- form_type: 8-K
- cik: 0001803498
- company_name: Blackstone Private Credit Fund
- filed_at: 2025-12-19T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 3.02, 7.01, 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1803498/000180349825000086/0001803498-25-000086-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1803498/000180349825000086/bcred-20251218.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001803498-25-000086
- JSON: https://secwatch.observer/filing/0001803498-25-000086.json
- Plain text: https://secwatch.observer/filing/0001803498-25-000086.txt

## Key facts
- Equity Issuances
  Blackstone Private Credit Fund issued 12,674,689 of common stock to multiple investors for $315,219,519.
  - Security: common stock
  - Shares: 12,674,689
  - Purchaser: multiple investors
  - Consideration: $315,219,519
  source text: As of December 1, 2025, Blackstone Private Credit Fund (the “ Fund ”) sold unregistered Class I common shares of beneficial interest (with the final number of shares being determined on December 18, 2025). The offer and sale of these Class I shares was exempt from the registration provisions of the Securities Act of 1933, as amended, pursuant to Section 4(a)(2) and/or Regulation S thereunder (the “ Private Offering ”). The following table details the shares sold: Date of Unregistered Sale Amount of Class I Common Shares Consideration As of December 1, 2025 (number of shares finalized on December 18, 2025) 12,674,689 $ 315,219,519
  evidence_url: https://www.sec.gov/Archives/edgar/data/1803498/000180349825000086/0001803498-25-000086-index.htm

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