Company: BXSL
Filing Date: 2025-07-11
Form Type: 424B2
Source: 0001213900-25-063323
Chunk: 115

Company: Blackstone Secured Lending Fund
Filing Date: 2025-07-11
Form: 424B2
Chunk 115
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 affected series may waive any past defaults other than a default: •in the payment of principal, any premium or interest; or •in respect of a covenant that cannot be modified or amended without the consent of each holder. Merger or Consolidation Under the terms of the indenture, we are generally permitted to consolidate or merge with another entity. We are also permitted to sell all or substantially all of our assets to another entity. However, we may not take any of these actions unless all the following conditions are met: •where we merge out of existence or sell substantially all of our assets, the resulting entity or transferee must agree to be legally responsible for our obligations under the debt securities; •the merger or sale of assets must not cause a default on the debt securities and we must not already be in default (unless the merger or sale would cure the default). For purposes of this no -defaulttest, a default would include an Event of Default that has occurred and has not been cured, as described under “Events of Default” above. A default for this purpose would also include any event that would be an Event of Default if the requirements for giving us a notice of default or our default having to exist for a specific period of time were disregarded; •we must deliver certain certificates and documents to the trustee; and •we must satisfy any other requirements specified in the prospectus supplement relating to a particular series of debt securities. Modification or Waiver There are three types of changes we can make to the indenture and the debt securities issued thereunder. Changes Requiring Your Approval First, there are changes that we cannot make to your debt securities without your specific approval. The following is a list of those types of changes: •change the stated maturity of the principal of or interest on a debt security or the terms of any sinking fund with respect to any security; 146 •reduce any amounts due on a debt security; •reduce the amount of principal payable upon acceleration of the maturity of an original issue discount 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