Company: BXSL
Filing Date: 2025-10-06
Form Type: 424B2
Source: 0001213900-25-096307
Chunk: 156

Company: Blackstone Secured Lending Fund
Filing Date: 2025-10-06
Form: 424B2
Chunk 156
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 or indexed security following a default or upon the redemption thereof or the amount thereof provable in a bankruptcy proceeding; •adversely affect any right of repayment at the holder’s option; •change the place or currency of payment on a debt security (except as otherwise described in the prospectus or prospectus supplement); •impair your right to sue for payment; •adversely affect any right to convert or exchange a debt security in accordance with its terms; •modify the subordination provisions in the indenture in a manner that is adverse to outstanding holders of the debt securities; •reduce the percentage of holders of debt securities whose consent is needed to modify or amend the indenture; •reduce the percentage of holders of debt securities whose consent is needed to waive compliance with certain provisions of the indenture or to waive certain defaults; •modify any other aspect of the provisions of the indenture dealing with supplemental indentures with the consent of holders, waiver of past defaults, changes to the quorum or voting requirements or the waiver of certain covenants; and •change any obligation we have to pay additional amounts. Changes Not Requiring Approval The second type of change does not require any vote by the holders of the debt securities. This type is limited to clarifications, establishment of the form or terms of new securities of any series as permitted by the indenture and certain other changes that would not adversely affect holders of the outstanding debt securities in any material respect. We also do not need any approval to make any change that affects only debt securities to be issued under the indenture after the change takes effect. Changes Requiring Majority Approval Any other change to the indenture and the debt securities would require the following approval: •if the change affects only one series of debt securities, it must be approved by the holders of a majority in principal amount of that series; and •if the change affects more than one series of debt securities issued under the same indenture, it must be approved by the holders of a majority in principal amount of all of the series affected by the change, with all affected series voting together as one class for this purpose. In each case, the required approval must be given by written consent. The holders of a majority in principal amount of a series of debt securities issued under the indenture, voting together as one class for this purpose, may waive our compliance with some of the covenants applicable to that series of debt securities. However, we cannot obtain a waiver of a payment default or of any of the matters covered by the bullet