Blackstone Private Credit Fund Files 8-K

TL;DR

BXPC filed an 8-K on unregistered equity sales and other events.

AI Summary

Blackstone Private Credit Fund filed an 8-K on August 21, 2025, reporting on unregistered sales of equity securities, Regulation FD disclosures, and other events that occurred on August 20, 2025. The filing details the company's principal executive offices located at 345 Park Avenue, New York, NY.

Why It Matters

This filing provides updates on the company's activities, including potential unregistered equity sales, which could impact its capital structure and shareholder equity.

Risk Assessment

Risk Level: low — The filing is a routine disclosure of corporate events and does not appear to indicate significant financial distress or operational changes.

Key Players & Entities

• Blackstone Private Credit Fund (company) — Registrant
• August 20, 2025 (date) — Earliest event reported
• August 21, 2025 (date) — Filing date
• 345 Park Avenue, 31st Floor New York, New York 10154 (location) — Principal executive offices

FAQ

Key Financial Figures

• $45.5 b — Fund's aggregate NAV was approximately $45.5 billion, the fair value of its investment
• $73.9 b — investment portfolio was approximately $73.9 billion, and it had approximately $30.4 b
• $30.4 billion — $73.9 billion, and it had approximately $30.4 billion of debt outstanding (at principal). The
• $38.6 billion — ly 31, 2025, the Fund had approximately $38.6 billion in committed debt capacity, with 90% in
• $45.0 billion — ly offering on a continuous basis up to $45.0 billion in Shares (the " Offering "). Additiona

Filing Documents

• bcred-20250820.htm (8-K) — 53KB
• 0001803498-25-000065.txt ( ) — 160KB
• bcred-20250820.xsd (EX-101.SCH) — 2KB
• bcred-20250820_lab.xml (EX-101.LAB) — 20KB
• bcred-20250820_pre.xml (EX-101.PRE) — 11KB
• bcred-20250820_htm.xml (XML) — 2KB

02 - Unregistered Sale of Equity Securities

Item 3.02 - Unregistered Sale of Equity Securities. As of August 1, 2025, Blackstone Private Credit Fund (the " Fund ") sold unregistered Class I common shares of beneficial interest (with the final number of shares being determined on August 20, 2025). The offer and sale of these Class I shares was exempt from the registration provisions of the Securities Act of 1933, as amended, pursuant to Section 4(a)(2) and/or Regulation S thereunder (the " Private Offering "). The following table details the shares sold: Date of Unregistered Sale Amount of Class I Common Shares Consideration As of August 1, 2025 (number of shares finalized on August 20, 2025) 15,538,095 $ 390,938,459

01 - Regulation FD Disclosure

Item 7.01 - Regulation FD Disclosure. August 2025 Distributions On August 20, 2025 , the Fund declared regular distributions for each class of its common shares of beneficial interest (the " Shares ") in the amounts per share set forth below: Gross Distribution Shareholder Servicing and/or Distribution Fee Net Distributions Class I Common Shares $ 0.2200 $ 0.0000 $ 0.2200 Class S Common Shares $ 0.2200 $ 0.0178 $ 0.2022 Class D Common Shares $ 0.2200 $ 0.0052 $ 0.2148 The distributions for each class of Shares are payable to shareholders of record as of the open of business on August 31, 2025, and will be paid on or about September 25, 2025. These distributions will be paid in cash or reinvested in Shares for shareholders participating in the Fund's distribution reinvestment plan.

01 - Other Events

Item 8.01 - Other Events. Net Asset Value The net asset value (" NAV ") per share of each class of the Fund as of July 31, 2025, as determined in accordance with the Fund's valuation policy, is set forth below. NAV as of July 31, 2025 Class I Common Shares $ 25.16 Class S Common Shares $ 25.16 Class D Common Shares $ 25.16 As of July 31, 2025, the Fund's aggregate NAV was approximately $45.5 billion, the fair value of its investment portfolio was approximately $73.9 billion, and it had approximately $30.4 billion of debt outstanding (at principal). The average debt-to-equity leverage ratio during July 2025 was approximately 0.66 times. As of July 31, 2025, the Fund had approximately $38.6 billion in committed debt capacity, with 90% in floating rate leverage, of which 67% is secured, and 10% in fixed rate leverage, of which 82% is unsecured, based on drawn amounts. 1 The Fund's leverage sources are in the form of a corporate revolver (6%), asset-based credit facilities (35%), unsecured bonds (38%), secured short term indebtedness (1%), and collateralized loan obligation (CLO) and other secured debt instruments (20%) based on drawn amounts. 1 Certain Notes are classified for the purposes of this filing as floating rate as a result of the Fund entering into interest rate swaps to effectively swap fixed notes payments for floating rate payments. Status of Offering The Fund is currently publicly offering on a continuous basis up to $45.0 billion in Shares (the " Offering "). Additionally, the Fund has sold unregistered shares as part of the Private Offering. The following table lists the Shares issued and total consideration for both the Offering and the Private Offering as of the date of this filing, reflective of transfers between share classes. The table below does not include Shares sold through the Fund's distribution reinvestment plan. The Fund intends to continue selling Shares in the Offering and the Private Offering on a monthly basis. Common S

View Full Filing

View this 8-K filing on SEC EDGAR