Blackstone Lending Fund Enters New Credit Agreement

TL;DR

BXSL just signed a new credit deal, expect more leverage.

AI Summary

On November 20, 2024, Blackstone Secured Lending Fund entered into a material definitive agreement, specifically a credit agreement. This agreement creates a direct financial obligation for the registrant. The filing also includes financial statements and exhibits related to this event.

Why It Matters

This filing indicates a new financing arrangement for Blackstone Secured Lending Fund, which could impact its borrowing capacity and operational flexibility.

Risk Assessment

Risk Level: medium — Entering into new credit agreements can introduce financial leverage and obligations, which carry inherent risks.

Key Players & Entities

• Blackstone Secured Lending Fund (company) — Registrant
• November 20, 2024 (date) — Date of earliest event reported

FAQ

Key Financial Figures

• $0.001 — Common Shares of Beneficial Interest, $0.001 par value per share BXSL New York Stock
• $150 million — provides for, among other things, (i) a $150 million increase to the maximum commitment amou

Filing Documents

• bxsl-20241120.htm (8-K) — 31KB
• ex101-bgslbigskyconformedf.htm (EX-10) — 49KB
• 0001736035-24-000040.txt ( ) — 201KB
• bxsl-20241120.xsd (EX-101.SCH) — 2KB
• bxsl-20241120_lab.xml (EX-101.LAB) — 20KB
• bxsl-20241120_pre.xml (EX-101.PRE) — 11KB
• bxsl-20241120_htm.xml (XML) — 2KB

01. Entry into a Material Definitive Agreement

Item 1.01. Entry into a Material Definitive Agreement. On November 20, 2024, Blackstone Secured Lending Fund (the " Company ") through BGSL Big Sky Funding LLC (" Big Sky Funding "), a wholly-owned subsidiary of the Company, entered into the Fourth Amendment (the " Fourth Amendment ") with Bank of America, N.A. (" Bank of America "), as lender and administrative agent to the Second Amended and Restated Credit Agreement, dated June 29, 2022, by and among Big Sky Funding, as borrower, Bank of America, as administrative agent, each of the lenders from time to time party thereto, and BofA Securities, Inc., as sole lead arranger and sole book manager. The Fourth Amendment provides for, among other things, (i) a $150 million increase to the maximum commitment amount under the facility, (ii) a change in the applicable margin for all advances to 1.85% per annum, and (iii) the payment of certain fees as agreed between Big Sky Funding and Bank of America. The description above is only a summary of the material provisions of the Fourth Amendment and is qualified in its entirety by reference to the copy of the Fourth Amendment, which is filed as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by reference thereto. 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.

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits. (d) Exhibits. Exhibit Number Description of Exhibits 10.1 Fourth Amend ment to the Second Amended and Restated Credit Agreement , dated November 20 , 2024 , by and between BGSL Big Sky Funding LLC and Bank of America, N.A . , as lender and adm inistrative agent. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

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: November 22, 2024 By: /s/ Oran Ebel Name: Oran Ebel Title: Chief Legal Officer and Secretary

View Full Filing

View this 8-K filing on SEC EDGAR