Blackstone Private Credit Fund Files 8-K
| Field | Detail |
|---|---|
| Company | Blackstone Private Credit Fund |
| Form Type | 8-K |
| Filed Date | Oct 21, 2025 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 4 min |
| Key Dollar Amounts | $46.7 b, $76.5 b, $31.4 billion, $38.5 billion, $45.0 billion |
| Sentiment | neutral |
Sentiment: neutral
Topics: unregistered-sales, regulation-fd, other-events
TL;DR
BXPC filed an 8-K for unregistered equity sales & Reg FD.
AI Summary
Blackstone Private Credit Fund filed an 8-K on October 21, 2025, reporting on events that occurred on October 20, 2025. The filing indicates unregistered sales of equity securities, a Regulation FD disclosure, and other events.
Why It Matters
This filing provides updates on the company's activities, including potential unregistered equity sales, which could impact investors' understanding of the fund's capital structure and regulatory compliance.
Risk Assessment
Risk Level: medium — Unregistered sales of equity securities can sometimes indicate a need for capital or potential dilution, requiring closer investor scrutiny.
Key Players & Entities
- Blackstone Private Credit Fund (company) — Registrant
- October 20, 2025 (date) — Date of earliest event reported
- October 21, 2025 (date) — Date of report
- 345 Park Avenue, 31st Floor New York, New York 10154 (address) — Principal executive offices
FAQ
What specific type of equity securities were sold unregistered?
The filing does not specify the exact type of equity securities sold unregistered, only that it is an item of information being reported.
What is the purpose of the Regulation FD disclosure?
The filing mentions a Regulation FD Disclosure as an item of information, but does not detail the specific content of the disclosure.
Are there any other significant events reported in this 8-K?
The filing lists 'Other Events' as an item of information, but the specifics are not detailed in the provided text.
When was the Blackstone Private Credit Fund incorporated?
The filing states the company is incorporated in Delaware, but does not provide the incorporation date.
What is the IRS Employer Identification Number for Blackstone Private Credit Fund?
The IRS Employer Identification Number for Blackstone Private Credit Fund is 84-7071531.
Filing Stats: 997 words · 4 min read · ~3 pages · Grade level 10.2 · Accepted 2025-10-21 07:54:59
Key Financial Figures
- $46.7 b — Fund's aggregate NAV was approximately $46.7 billion, the fair value of its investment
- $76.5 b — investment portfolio was approximately $76.5 billion, and it had approximately $31.4 b
- $31.4 billion — $76.5 billion, and it had approximately $31.4 billion of debt outstanding (at principal). The
- $38.5 billion — er 30, 2025, the Fund had approximately $38.5 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-20251020.htm (8-K) — 53KB
- 0001803498-25-000073.txt ( ) — 159KB
- bcred-20251020.xsd (EX-101.SCH) — 2KB
- bcred-20251020_lab.xml (EX-101.LAB) — 20KB
- bcred-20251020_pre.xml (EX-101.PRE) — 11KB
- bcred-20251020_htm.xml (XML) — 2KB
02 - Unregistered Sale of Equity Securities
Item 3.02 - Unregistered Sale of Equity Securities. As of October 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 October 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 October 1, 2025 (number of shares finalized on October 20, 2025) 17,616,499 $ 439,883,982
01 - Regulation FD Disclosure
Item 7.01 - Regulation FD Disclosure. October 2025 Distributions As previously disclosed, 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 $ 0.2000 $ 0.0000 $ 0.2000 Class S Common Shares $ 0.2000 $ 0.0177 $ 0.1823 Class D Common Shares $ 0.2000 $ 0.0052 $ 0.1948 The distributions for each class of Shares are 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. 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 September 30, 2025, as determined in accordance with the Fund's valuation policy, is set forth below. NAV as of September 30, 2025 Class I Common Shares $ 24.97 Class S Common Shares $ 24.97 Class D Common Shares $ 24.97 As of September 30, 2025, the Fund's aggregate NAV was approximately $46.7 billion, the fair value of its investment portfolio was approximately $76.5 billion, and it had approximately $31.4 billion of debt outstanding (at principal). The average debt-to-equity leverage ratio during September 2025 was approximately 0.65 times. As of September 30, 2025, the Fund had approximately $38.5 billion in committed debt capacity, with 90% in floating rate leverage, of which 69% is secured, and 10% in fixed rate leverage, of which 83% is unsecured, based on drawn amounts. 1 The Fund's leverage sources are in the form of a corporate revolver (10%), asset-based credit facilities (34%), unsecured bonds (36%), secured short term indebtedness (1%), and collateralized loan obligation (CLO) and other secured debt instruments (19%) 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