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  4. [8-K] Blackstone Secured Lending Fund Reports Material Event

Blackstone Secured Lending Fund (BXSL) extends revolver maturities, resets covenants in $2.375B facility

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Blackstone Secured Lending Fund entered into a Fifth Amendment to its second amended and restated senior secured credit agreement with Citibank, N.A. and participating lenders. The amendment extends the period during which the company may make borrowings under certain revolving commitments from August 4, 2029 to August 10, 2030, and extends the maturity date for most revolving commitments from August 4, 2030 to August 10, 2031, except for revolving commitments of certain lenders totaling $200.0 million, which mature on June 28, 2027.

The amendment changes aggregate commitments under the credit agreement from $2.425 billion to $2.375 billion, consisting of an increase in revolving commitments of $45.0 million and the expiration of $200.0 million of revolving commitments, resulting in total revolving commitments of $1.9 billion, and an increase in funded term loan commitments by $5.0 million to an aggregate principal amount of $438.5 million. It also resets the minimum shareholders’ equity requirement and provides for the payment of certain agreed fees.

Positive

  • None.

Negative

  • None.
Item 1.01 Entry into a Material Definitive Agreement Business
The company signed a significant contract such as a merger agreement, credit facility, or major partnership.
Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement Financial
The company incurred a new significant debt or off-balance-sheet obligation.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Aggregate commitments before amendment $2.425 billion Total commitments under the credit agreement prior to the Fifth Amendment
Aggregate commitments after amendment $2.375 billion Total commitments under the credit agreement after the Fifth Amendment
Total revolving commitments $1.9 billion Revolving commitments after a $45.0 million increase and $200.0 million expiration
Expired revolving commitments $200.0 million Revolving commitments of certain lenders that expired and now mature June 28, 2027
Increase in revolving commitments $45.0 million Incremental increase to revolving commitments under the amended facility
Funded term loan commitments $438.5 million Aggregate principal amount after a $5.0 million increase
Borrowing period end date August 10, 2030 End of period during which borrowings may be made under certain revolving commitments
Revolving maturity date (main tranche) August 10, 2031 New maturity date for most revolving commitments under the credit agreement
senior secured credit agreement financial
"to the second amended and restated senior secured credit agreement, dated June 28, 2022"
A senior secured credit agreement is a loan contract in which the borrower agrees to repay lenders first and backs the loan with specific assets as collateral, like a mortgage that gives a lender a claim on a house if payments stop. Investors care because this debt has priority over other obligations in a default, reducing lender risk and often constraining a company’s financial choices and cash flow, which can affect equity value and future financing.
revolving commitments financial
"period during which the Company may make borrowings under the Credit Agreement of certain revolving commitments"
funded term loan commitments financial
"an increase in the funded term loan commitments by $5.0 million to an aggregate principal amount"
minimum shareholders’ equity financial
"a resetting of the minimum shareholders’ equity, and (e) the payment of certain fees"
material definitive agreement regulatory
"Item 1.01. Entry into a Material Definitive Agreement."
A material definitive agreement is a legally binding contract that creates major, long‑term obligations or rights for a company, such as loans, asset sales, mergers, or supplier deals. Think of it like a mortgage or lease for a business: it can change future cash flow, risk and control, so investors watch these agreements closely because they can materially affect a company’s value, financial health and stock price.

FAQ

What material agreement did BXSL enter into on August 10, 2026?
On August 10, 2026, Blackstone Secured Lending Fund entered into a Fifth Amendment to its senior secured credit agreement with Citibank, N.A. and lenders. This amendment updates borrowing periods, maturities, total commitments, minimum shareholders’ equity and related fee arrangements.

How did the Fifth Amendment change BXSL’s total credit commitments?
The Fifth Amendment adjusts aggregate commitments from $2.425 billion to $2.375 billion. This reflects revisions to revolving and funded term loan commitments, including expirations and modest increases, as part of the updated senior secured credit structure.

What are the new revolving commitment levels for BXSL after the amendment?
Following the amendment, total revolving commitments are $1.9 billion. This results from a $45.0 million increase in revolving commitments and the expiration of $200.0 million of revolving commitments from certain lenders under the credit agreement.

How were BXSL’s term loan commitments affected by the Fifth Amendment?
The Fifth Amendment increases BXSL’s funded term loan commitments by $5.0 million to an aggregate principal amount of $438.5 million. This change forms part of the broader adjustment to the company’s senior secured credit arrangements with its lenders.

What maturity changes did BXSL disclose for its revolving credit commitments?
BXSL disclosed that most revolving commitments now mature on August 10, 2031, extended from August 4, 2030. A separate tranche of revolving commitments totaling $200.0 million will instead mature earlier, on June 28, 2027.

Did the BXSL amendment change any financial covenants?
Yes. The Fifth Amendment includes a resetting of the minimum shareholders’ equity requirement. This covenant adjustment forms part of the updated terms governing BXSL’s senior secured credit agreement with its lender group.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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false 0001736035 0001736035 2026-08-10 2026-08-10

 

 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

______________________

FORM 8-K

______________________

CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): August 10, 2026

______________________

Blackstone Secured Lending Fund
(Exact name of Registrant as specified in its charter)

______________________

Delaware

  

814-01299

  

82-7020632

(State or other jurisdiction
of incorporation)

  

(Commission
File Number)

  

(I.R.S. Employer
Identification No.)

345 Park Avenue
New York, New York 10154
(Address of principal executive offices and zip code)

(212) 503-2100
(Registrant’s telephone number, including area code)

N/A
(Former name or former address, if changed since last report)

______________________

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐

  

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐

  

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐

  

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐

  

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

  

Trading Symbol(s)

  

Name of each exchange on which registered

Common Shares of Beneficial Interest, $0.001 par value per share

  

BXSL

  

New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

 

 

Item 1.01.       Entry into a Material Definitive Agreement.

On August 10, 2026, Blackstone Secured Lending Fund (the “Company”) entered into a fifth amendment (the “Fifth Amendment”) to the second amended and restated senior secured credit agreement, dated June 28, 2022, by and among the Company, as borrower, Citibank, N.A., as administrative agent and collateral agent, and each of the lenders from time to time party thereto (as amended by the Fifth Amendment, the “Credit Agreement”). The Fifth Amendment provides for, among other things, (a) an extension of the period during which the Company may make borrowings under the Credit Agreement of certain revolving commitments from August 4, 2029 to August 10, 2030, (b) an extension of the maturity date with respect to the revolving commitments from August 4, 2030 to August 10, 2031 (other than with respect to the revolving commitments of certain lenders in the amount of $200.0 million, which mature on June 28, 2027), (c) a change in the aggregate commitments under the Credit Agreement from $2.425 billion to $2.375 billion, which is comprised of (i) an increase in the revolving commitments of $45.0 million and the expiration of revolving commitments of $200.0 million of certain lenders to an aggregate amount of $1.9 billion and (ii) an increase in the funded term loan commitments by $5.0 million to an aggregate principal amount of $438.5 million, (d) a resetting of the minimum shareholders’ equity, and (e) the payment of certain fees as agreed between the Company, the Administrative Agent and the lenders party thereto.

The foregoing description is only a summary of the material provisions of the Fifth Amendment, and is qualified in its entirety by reference to the copy of the Fifth Amendment, which is filed as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by reference thereto. Capitalized terms not defined herein shall have the meanings assigned to such terms in the Fifth Amendment.

Item 2.03.       Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

The information provided in Item 1.01 of this Current Report on Form 8-K is incorporated by reference into this Item 2.03.

 

Item 9.01.       Financial Statements and Exhibits.

(d)    Exhibits.

Exhibit
Number

  


Description of Exhibits

10.1

  

Amendment No. 5, dated August 10, 2026, to the Second Amended and Restated Senior Secured Credit Agreement, dated June 28, 2022, by and among the Company, each of the Lenders from time to time party thereto and Citibank, N.A., as administrative agent and collateral agent.

104

  

Cover Page Interactive Data File (embedded within the Inline XBRL document)

 

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

BLACKSTONE SECURED LENDING FUND

Date: August 12, 2026

  

By:

  

/s/ Lucie Enns
   

Name:

  

Lucie Enns
   

Title:

  

Chief Legal Officer and Secretary

 

Source: View Original Filing on SEC EDGAR

Filing Exhibits & Attachments

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