Blackstone Secured Lending Fund Prices Public Offering of $400.0 million 5.875% Unsecured Notes due 2027
13 Mayo 2024 - 5:37PM
Business Wire
Blackstone Secured Lending Fund (NYSE:BXSL) (“BXSL” or the
“Company”) announced today that it has priced an underwritten
public offering of $400.0 million in aggregate principal amount of
5.875% notes due 2027. The notes will mature on November 15, 2027
and may be redeemed in whole or in part at BXSL’s option at the
applicable redemption price.
The Company expects to use the net proceeds from this offering
for general corporate purposes, which may include, among other
things, investing in accordance with our investment objectives and
strategies described in the prospectus supplement and the
accompanying prospectus described below in greater detail and
repaying indebtedness (which will be subject to reborrowing).
Citigroup Global Markets Inc., Barclays Capital Inc., Goldman
Sachs & Co. LLC, RBC Capital Markets, LLC and SMBC Nikko
Securities America, Inc. are acting as joint book-running managers
for this offering. The offering is expected to close on May 20,
2024, subject to customary closing conditions.
Investors are advised to carefully consider the investment
objectives, risks, charges and expenses of the Company before
investing. The pricing term sheet dated May 13, 2024, the
preliminary prospectus supplement dated May 13, 2024 and the
accompanying prospectus dated July 26, 2022, each of which have
been or will be filed with the Securities and Exchange Commission
(“SEC”), contain this and other information about the Company and
should be read carefully before investing.
The information in the pricing term sheet, the preliminary
prospectus supplement, the accompanying prospectus and this press
release is not complete and may be changed. The pricing term sheet,
the preliminary prospectus supplement, the accompanying prospectus
and this press release are not offers to sell any securities of
BXSL and are not soliciting an offer to buy such securities in any
state or jurisdiction where such offer and sale is not
permitted.
An effective shelf registration statement relating to these
securities is on file with the SEC and is effective. The offering
may be made only by means of a preliminary prospectus supplement
and an accompanying prospectus, copies of which may be obtained
from the website of the SEC at www.sec.gov or from
Citigroup Global Markets Inc. at c/o Broadridge Financial
Solutions, 1155 Long Island Avenue, Edgewood, New York 11717,
toll-free: 1-800-831-9146, e-mail
prospectus@citi.com; Barclays Capital Inc., Attention:
Syndicate Registration, 745 Seventh Avenue, New York, New York
10019, Telephone: 1-888-603-5847, email:
barclaysprospectus@broadridge.com; Goldman Sachs &
Co. LLC, 200 West Street, New York, New York 10282; RBC Capital
Markets, LLC at Brookfield Place, 200 Vesey Street, 8th Floor, New
York, New York 10281; or SMBC Nikko Securities America, Inc. at 277
Park Avenue, New York, New York 10172, Attn: Debt Capital Markets,
1-888-868-6856.
About Blackstone Secured Lending Fund
Blackstone Secured Lending Fund (NYSE:BXSL) is a specialty
finance company that invests primarily in the debt of private U.S.
companies. As of March 31, 2024, BXSL’s fair value of investments
was approximately $10.4 billion. BXSL has elected to be regulated
as a business development company under the Investment Company Act
of 1940, as amended. BXSL is externally managed by Blackstone
Credit BDC Advisors LLC, an SEC-registered investment adviser that
is an affiliate of Blackstone Inc. Blackstone Inc., together with
its subsidiaries, is the world’s largest alternative investment
firm with over $1 trillion of assets under management as of March
31, 2024.
Forward-Looking Statements and Other Matters
Certain information contained in this communication constitutes
“forward-looking statements” within the meaning of the federal
securities laws and the Private Securities Litigation Reform Act of
1995. These forward-looking statements can be identified by the use
of forward-looking terminology, such as “outlook,” “indicator,”
“believes,” “expects,” “potential,” “continues,” “may,” “can,”
“will,” “should,” “seeks,” “approximately,” “predicts,” “intends,”
“plans,” “estimates,” “anticipates”, “confident,” “conviction,”
“identified” or the negative versions of these words or other
comparable words thereof. These may include BXSL’s financial
estimates and their underlying assumptions, statements about plans,
statements regarding pending transactions (including the offering),
objectives and expectations with respect to future operations,
statements regarding future performance, statements regarding
economic and market trends and statements regarding identified but
not yet closed investments. Such forward‐looking statements are
subject to various risks and uncertainties. Accordingly, there are
or will be important factors that could cause actual outcomes or
results to differ materially from those indicated in such
statements. BXSL believes these factors include but are not limited
to those described under the section entitled “Risk Factors” in its
prospectus and annual report for the most recent fiscal year, and
any such updated factors included in its periodic filings with the
SEC, which are accessible on the SEC’s website at www.sec.gov.
These factors should not be construed as exhaustive and should be
read in conjunction with the other cautionary statements that are
included in this document (or BXSL’s prospectus and other filings).
Except as otherwise required by federal securities laws, BXSL
undertakes no obligation to publicly update or revise any
forward-looking statements, whether as a result of new information,
future developments or otherwise.
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version on businesswire.com: https://www.businesswire.com/news/home/20240513618665/en/
Investors Stacy Wang, Head of Stakeholder Relations
Blackstoneshareholderrelations@blackstone.com +1 888-756-8443
Media Mariel Seidman-Gati Mariel.seidmangati@blackstone.com
+1 917-698-1674
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