Blackstone Private Credit Fund Files 8-K

TL;DR

BXPC filed an 8-K for unregistered equity sales & other events.

AI Summary

On September 18, 2025, Blackstone Private Credit Fund filed an 8-K report detailing unregistered sales of equity securities and other events. The filing also includes information related to Regulation FD disclosure. The company is incorporated in Delaware and its principal executive offices are located at 345 Park Avenue, New York, NY.

Why It Matters

This filing provides updates on the company's activities, including unregistered equity sales, which could impact its financial structure and investor relations.

Risk Assessment

Risk Level: low — The filing is a standard disclosure and does not immediately indicate significant financial distress or operational risk.

Key Players & Entities

• Blackstone Private Credit Fund (company) — Registrant
• September 18, 2025 (date) — Date of earliest event reported
• 345 Park Avenue, 31st Floor, New York, New York 10154 (location) — Principal executive offices address

FAQ

Key Financial Figures

• $0.20 — gross distribution for October 2025 of $0.20 per Share. This distribution will be pa
• $46.4 b — Fund's aggregate NAV was approximately $46.4 billion, the fair value of its investment
• $75.0 b — investment portfolio was approximately $75.0 billion, and it had approximately $30.7 b
• $30.7 billion — $75.0 billion, and it had approximately $30.7 billion of debt outstanding (at principal). The
• $38.8 billion — st 31, 2025, the Fund had approximately $38.8 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-20250918.htm (8-K) — 54KB
• 0001803498-25-000069.txt ( ) — 160KB
• bcred-20250918.xsd (EX-101.SCH) — 2KB
• bcred-20250918_lab.xml (EX-101.LAB) — 20KB
• bcred-20250918_pre.xml (EX-101.PRE) — 11KB
• bcred-20250918_htm.xml (XML) — 2KB

02 - Unregistered Sale of Equity Securities

Item 3.02 - Unregistered Sale of Equity Securities. As of September 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 September 18, 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 September 1, 2025 (number of shares finalized on September 18, 2025) 25,972,741 $ 651,656,069

01 - Regulation FD Disclosure

Item 7.01 - Regulation FD Disclosure. September 2025 Distributions On September 18, 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 September 30, 2025, and will be paid on or about October 23, 2025. These distributions will be paid in cash or reinvested in Shares for shareholders participating in the Fund's distribution reinvestment plan. October 2025 Distributions On September 18, 2025, the Fund declared its regular monthly gross distribution for October 2025 of $0.20 per Share. This distribution will be payable to shareholders of record as of the open of business on October 31, 2025, and will be paid on or about November 26, 2025.

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 August 31, 2025, as determined in accordance with the Fund's valuation policy, is set forth below. NAV as of August 31, 2025 Class I Common Shares $ 25.09 Class S Common Shares $ 25.09 Class D Common Shares $ 25.09 As of August 31, 2025, the Fund's aggregate NAV was approximately $46.4 billion, the fair value of its investment portfolio was approximately $75.0 billion, and it had approximately $30.7 billion of debt outstanding (at principal). The average debt-to-equity leverage ratio during August 2025 was approximately 0.65 times. As of August 31, 2025, the Fund had approximately $38.8 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 (7%), asset-based credit facilities (35%), unsecured bonds (38%), secured short term indebtedness (1%), and collateralized loan obligation (CLO) and other secured debt instruments (19%) based on drawn amounts. 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 Shares Issued Total Consideration Offering: Class I Common Shares 606,735,741 $ 15.4 billion Class S Common Shares 578,837,472 $ 14.7 billion Class D Common Shares 24,626,679 $ 0.7 billion Private

View Full Filing

View this 8-K filing on SEC EDGAR