Blackstone Secured Lending Fund reports recurring updates as a specialty finance company and business development company that invests primarily in debt of private U.S. companies. Its portfolio commentary commonly centers on first-lien senior secured and unitranche loans, investment income, net asset value, dividends, new originations, repayments, non-accrual trends and borrower fundamentals.
BXSL news also covers capital and shareholder actions, including share repurchase authorization, debt issuance, equity distribution arrangements, conference presentations and earnings call schedules. The fund is externally managed by Blackstone Private Credit Strategies LLC, an SEC-registered investment adviser affiliated with Blackstone Inc.
Blackstone Secured Lending Fund (NYSE:BXSL) has priced a $300.0 million public offering of 5.350% notes due 2028. This issuance is an addition to the existing $400.0 million notes of the same series issued on October 15, 2024, bringing the total outstanding amount to $700.0 million. The notes will mature on April 13, 2028, and can be redeemed at BXSL's option.
The company plans to use the net proceeds for general corporate purposes, including potential investments aligned with their objectives and debt repayment. The offering, managed by several major financial institutions including Citigroup, J.P. Morgan, and Morgan Stanley, is expected to close on December 16, 2024.
Blackstone Secured Lending Fund (NYSE: BXSL) reported strong third quarter 2024 results, achieving its highest net investment income on a dollar basis and record net asset value per share. The company maintained robust credit performance with minimal non-accruals, supported by a 98.7% first lien senior secured debt portfolio with a 46.5% loan-to-value ratio. BXSL received a credit rating upgrade from Moody's to Baa2, making it one of only two publicly traded BDCs with this rating. The Board declared a Q4 2024 dividend of $0.77 per share, payable on January 24, 2025, to shareholders of record as of December 31, 2024.
Blackstone Secured Lending Fund (NYSE: BXSL) has announced its plans for the third quarter 2024 earnings release and conference call. The company will host an investor conference call via public webcast on November 12, 2024, at 9:30 a.m. ET. BXSL will release its third quarter results on the morning of the same day, prior to the call.
Investors can register for the call using the provided link. For those unable to attend the live broadcast, a webcast replay will be available on the Shareholders section of Blackstone Secured Lending's website.
Blackstone Secured Lending Fund (NYSE:BXSL) has priced a public offering of $400.0 million in aggregate principal amount of 5.350% notes due 2028. The notes will mature on April 13, 2028, and can be redeemed in whole or in part at BXSL's option. The company plans to use the net proceeds for general corporate purposes, including investing in line with their objectives and strategies, and repaying indebtedness.
The offering is expected to close on October 15, 2024, subject to customary conditions. Citigroup Global Markets, J.P. Morgan Securities, Morgan Stanley & Co., SMBC Nikko Securities America, and Truist Securities are acting as joint book-running managers. Investors are advised to carefully review the pricing term sheet, prospectus supplement, and accompanying prospectus before investing.
Blackstone Secured Lending Fund (NYSE: BXSL) has announced its upcoming second quarter 2024 earnings release and conference call. The company will report its Q2 results on the morning of August 7, 2024, followed by an investor conference call via public webcast at 9:30 a.m. ET on the same day. Investors can register for the call using the provided link. For those unable to attend the live broadcast, a webcast replay will be available on the Shareholders section of Blackstone Secured Lending's website.
Blackstone Secured Lending Fund (NYSE: BXSL) announced a public offering of $400 million in 5.875% unsecured notes due 2027. The notes will mature on November 15, 2027, and can be redeemed in part or whole at BXSL's discretion.
The net proceeds are intended for general corporate purposes, including investments and debt repayment. The offering is expected to close on May 20, 2024, subject to customary conditions. Joint book-running managers include Citigroup, Barclays, Goldman Sachs, RBC Capital Markets, and SMBC Nikko Securities America.
Investors are advised to review the prospectus and related documents for details on investment objectives, risks, charges, and expenses. The offer is based on a shelf registration statement filed with the SEC.
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