# EDGAR Filing Document

**Accession Number:** 0001736035
**File Stem:** 0001213900-26-056735
**Filing Date:** 2026-5
**Character Count:** 8882
**Document Hash:** 6794b39a096343a08130ee0642e5ac50
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001213900-26-056735.hdr.sgml**: 20260514

**ACCESSION NUMBER**: 0001213900-26-056735

**CONFORMED SUBMISSION TYPE**: FWP

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20260514

**DATE AS OF CHANGE**: 20260514

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Blackstone Secured Lending Fund
- **CENTRAL INDEX KEY:** 0001736035

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** FWP
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 333-288640
- **FILM NUMBER:** 26979923

**BUSINESS ADDRESS:**
- **STREET 1:** 345 PARK AVENUE
- **STREET 2:** 31ST FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10154
- **BUSINESS PHONE:** 212-503-2100

**MAIL ADDRESS:**
- **STREET 1:** 345 PARK AVENUE
- **STREET 2:** 31ST FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10154

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Blackstone / GSO Secured Lending Fund
- **DATE OF NAME CHANGE:** 20180329
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Blackstone Secured Lending Fund
- **CENTRAL INDEX KEY:** 0001736035

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** FWP

**BUSINESS ADDRESS:**
- **STREET 1:** 345 PARK AVENUE
- **STREET 2:** 31ST FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10154
- **BUSINESS PHONE:** 212-503-2100

**MAIL ADDRESS:**
- **STREET 1:** 345 PARK AVENUE
- **STREET 2:** 31ST FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10154

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Blackstone / GSO Secured Lending Fund
- **DATE OF NAME CHANGE:** 20180329

**Filed Pursuant to Rule 433<br>Issuer Free Writing Prospectus dated May 14, 2026<br>Relating to Preliminary Prospectus Supplement dated May 14, 2026 and<br>Prospectus dated July 11, 2025<br>Registration No. 333**-288640

#### Blackstone Secured Lending Fund

#### $650,000,000 5.900% Notes due 2031

#### PRICING TERM SHEET

#### May 14, 2026
*The following sets forth the final terms of the 5.900% Notes due 2031 (the "Notes") and should only be read together with the preliminary prospectus supplement dated May 14, 2026 (the "Preliminary Prospectus Supplement") related to the Notes, and supersedes the information in the Preliminary Prospectus Supplement to the extent inconsistent with the information in the Preliminary Prospectus Supplement. In all other respects, this pricing term sheet is qualified in its entirety by reference to the Preliminary Prospectus Supplement. Terms used herein but not defined herein shall have the respective meanings as set forth in the Preliminary Prospectus Supplement. All references to dollar amounts are references to U.S. dollars.*

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| | |
|:---|:---|
|  Issuer: | Blackstone Secured Lending Fund |
|  Security Title: | 5.900% Notes due 2031 |
|  Expected Ratings\*: | Moody's: Baa2/Stable<br> S&P: BBB-/Positive<br> Fitch: BBB/Stable |
|  Aggregate Principal Amount Offered: | $650000000 |
|  Trade Date: | May 14, 2026 |
|  Settlement Date\*\*: | May 21, 2026 (T+5) |
|  Maturity Date: | May 21, 2031 |
|  Interest Payment Dates: | May 21 and November 21, commencing November 21, 2026 |
|  Price to Public (Issue Price): | 98.849% of the principal amount |
|  Coupon (Interest Rate): | 5.900% |
|  Yield to Maturity: | 6.171% |
|  Spread to Benchmark Treasury: | +205 basis points |
|  Benchmark Treasury: | 3.875% due April 30, 2031 |
|  Benchmark Treasury Price and Yield: | 98-29 / 4.121% |
|  Optional Redemption: | Prior to April 21, 2031 (one month prior to the maturity date of the Notes) (the "Par Call Date"), the Company may redeem the Notes at its option, in whole or in part, at any time and from time to time, at a redemption price equal to the greater of:<br> - (a) the sum of the present values of the remaining scheduled payments of principal and interest thereon discounted to the redemption date (assuming the Notes matured on the Par Call Date) on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the applicable Treasury Rate plus 35 basis points less (b) interest accrued to the date of redemption, or |

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| | |
|:---|:---|
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; - 100% of the principal amount of the Notes to be redeemed,<br> On or after the Par Call Date, the Company may redeem some or all of the Notes at any time, or from time to time, at a redemption price equal to 100% of the principal amount of the Notes to be redeemed plus, in each case, accrued and unpaid interest, if any, to, but excluding, the redemption date. |
|  Denomination: | $2,000 and integral multiples of $1,000 in excess thereof |
|  CUSIP / ISIN: | 09261X AN2 / US09261XAN21 |
|  Joint Book-Running Managers: | Goldman Sachs & Co. LLC<br> Barclays Capital Inc.<br> Citigroup Global Markets Inc.<br> SMBC Nikko Securities America, Inc.<br> Truist Securities, Inc.<br> MUFG Securities Americas Inc.<br> Deutsche Bank Securities Inc.<br> J.P. Morgan Securities LLC<br> Morgan Stanley & Co. LLC<br> RBC Capital Markets, LLC<br> Wells Fargo Securities, LLC<br> BNP Paribas Securities Corp.<br> BofA Securities, Inc.<br> ING Financial Markets LLC<br> TD Securities (USA) LLC<br> U.S. Bancorp Investments, Inc.<br> Credit Agricole Securities (USA) Inc.<br> HSBC Securities (USA) Inc.<br> Mizuho Securities USA LLC<br> Regions Securities LLC<br> SG Americas Securities, LLC<br> Standard Chartered Bank |

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| | |
|:---|:---|
|  Co-Managers: | Blackstone Securities Partners L.P.<br> BNY Mellon Capital Markets, LLC<br> CIBC World Markets Corp.<br> Fifth Third Securities, Inc.<br> M&T Securities, Inc.<br> Keefe, Bruyette & Woods, Inc.<br> Natixis Securities Americas LLC<br> Raymond James & Associates, Inc.<br> Synovus Securities, Inc.<br> Academy Securities, Inc.<br> CastleOak Securities, L.P.<br> Drexel Hamilton, LLC<br> R. Seelaus & Co., LLC |

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Note: \*A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revision or withdrawal at any time.

Note: \*\*Blackstone Secured Lending Fund expects that delivery of the Notes will be made to investors on or about May 21, 2026, which will be the fifth business day following the date hereof. Under Rule 15c6-1 under the Exchange Act, trades in the secondary market are required to settle in one business day, unless the parties to any such trade expressly agree otherwise. Accordingly, purchasers who wish to trade notes prior to the business day before the delivery of the Notes will be required, by virtue of the fact that the Notes initially settle in T+5, to specify an alternative arrangement at the time of any such trade to prevent a failed settlement and should consult their own advisors.

**Investors are advised to carefully consider the investment objectives, risks, charges and expenses of Blackstone Secured Lending Fund before investing. The Preliminary Prospectus Supplement contains this and other information about Blackstone Secured Lending Fund and should be read carefully before investing.**

**The information in the Preliminary Prospectus Supplement is not complete and may be changed. The Preliminary Prospectus Supplement and this pricing term sheet are not offers to sell any securities of Blackstone Secured Lending Fund and are not soliciting an offer to buy such securities in any state or jurisdiction where such offer and sale is not permitted. You may obtain these documents for free by visiting EDGAR on the SEC website at www.sec.gov. Alternatively, Blackstone Secured Lending Fund, any underwriter or any dealer participating in the offering will arrange to send you the Preliminary Prospectus Supplement if you request it from Goldman Sachs & Co. LLC toll**-free **at 1-(866) 471**-2526**; Barclays Capital Inc., 745 Seventh Avenue, New York, New York 10019, Attention: Syndicate Registration, Telephone: 1-(888) 603**-5847**; Citigroup Global Markets Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, Telephone: 1-(800) 831**-9146**, email: prospectus@citi.com; SMBC Nikko Securities America, Inc., Telephone: 1-(888) 868**-6856**, email: prospectus@smbcnikko**-si**.com; or Truist Securities, Inc., 740 Battery Avenue SE, 3**<sup>rd</sup> **Floor, Atlanta Georgia, 30339, Attn: Prospectus Department or toll**-free **at 1-(800) 685**-4786 **or TruistSecurities.prospectus@Truist.com.**

**Any disclaimers or notices that may appear on this term sheet below the text of this legend are not applicable to this term sheet and should be disregarded. Such disclaimers may have been electronically generated as a result of this term sheet having been sent via, or posted on, Bloomberg or another electronic mail system.**

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