Company: BXSL
Filing Date: 2025-03-04
Form Type: 8-K
Source: 0001193125-25-045594
Chunk: 0

Company: Blackstone Secured Lending Fund
Filing Date: 2025-03-04
Form: 8-K
Item: Item 8.01
Chunk 0
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Item 8.01.      Other Events.  

On March 4, 2025, Blackstone Secured Lending Fund (the “

Fund

”) and U. S. Bank Trust Company, National Association (the “

Trustee

”) entered into a Eighth Supplemental Indenture (the “

Eighth Supplemental Indenture

” and, together with the Base Indenture (defined herein), the “

Indenture

”) related to the $

500,000,000

in aggregate principal amount of its 5.300% notes due 2030 (the “

Notes

”), which supplements that certain Base Indenture, dated as of July 15, 2020 (as may be further amended, supplemented or otherwise modified from time to time, the “

Base Indenture

”).

The Notes will mature on June 30, 2030 and may be redeemed in whole or in part at the Fund’s option at any time and from time to time at the redemption prices set forth in the Indenture. The Notes bear interest at a rate of 5.300% per year payable semi-annually on June 30 and December 30 of each year, commencing on June 30, 2025. The Notes are general unsecured obligations of the Fund that rank senior in right of payment to all of the Fund’s existing and future indebtedness that is expressly subordinated in right of payment to the Notes, rank

pari passu

with all existing and future unsecured indebtedness issued by the Fund that are not so subordinated, rank effectively junior to any of the Fund’s secured indebtedness (including unsecured indebtedness that the Fund later secures) to the extent of the value of the assets securing such indebtedness, and rank structurally junior to all existing and future indebtedness (including trade payables) incurred by the Fund’s subsidiaries, financing vehicles or similar facilities.

The Indenture contains certain covenants, including covenants requiring the Fund to comply with the asset coverage requirements of Section 18(a)(1)(A) as modified by Section 61(a)(1) and (2) of the Investment Company Act of 1940, as amended, whether or not it is subject to those requirements, and to provide financial information to the holders of the Notes and the Trustee if the Fund is no longer subject to the reporting requirements under the Securities Exchange Act of 1934, as amended. These c