Blackstone Private Credit Fund Files 8-K

TL;DR

BXPC filed an 8-K on Dec 19th covering events from Dec 18th - unregistered equity sales, Reg FD, and other items.

AI Summary

Blackstone Private Credit Fund filed an 8-K on December 19, 2025, reporting on events that occurred on December 18, 2025. The filing includes information on unregistered sales of equity securities, Regulation FD disclosures, and other events. The company is incorporated in Delaware and its principal executive offices are located at 345 Park Avenue, New York, NY.

Why It Matters

This 8-K filing provides updates on significant corporate events for Blackstone Private Credit Fund, including potential equity sales and regulatory disclosures, which could impact investor understanding of the company's financial activities.

Risk Assessment

Risk Level: low — This filing is a routine disclosure of corporate events and does not appear to contain immediate negative financial news.

Key Players & Entities

• Blackstone Private Credit Fund (company) — Registrant
• December 18, 2025 (date) — Date of earliest event reported
• December 19, 2025 (date) — Date of report
• 345 Park Avenue, New York, NY 10154 (location) — Principal executive offices

FAQ

Key Financial Figures

• $49.1 b — Fund's aggregate NAV was approximately $49.1 billion, the fair value of its investment
• $79.0 b — investment portfolio was approximately $79.0 billion, and it had approximately $32.9 b
• $32.9 billion — $79.0 billion, and it had approximately $32.9 billion of debt outstanding (at principal). The
• $38.4 billion — er 30, 2025, the Fund had approximately $38.4 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-20251218.htm (8-K) — 53KB
• 0001803498-25-000086.txt ( ) — 155KB
• bcred-20251218.xsd (EX-101.SCH) — 2KB
• bcred-20251218_lab.xml (EX-101.LAB) — 19KB
• bcred-20251218_pre.xml (EX-101.PRE) — 11KB
• bcred-20251218_htm.xml (XML) — 2KB

02 - Unregistered Sale of Equity Securities

Item 3.02 - Unregistered Sale of Equity Securities. As of December 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 December 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 December 1, 2025 (number of shares finalized on December 18, 2025) 12,674,689 $ 315,219,519

01 - Regulation FD Disclosure

Item 7.01 - Regulation FD Disclosure. December 2025 Distributions On December 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 $ 0.0176 $ 0.1824 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 December 31, 2025, and will be paid on or about January 28, 2026. 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 November 30, 2025, as determined in accordance with the Fund's valuation policy, is set forth below. NAV as of November 30, 2025 Class I Common Shares $ 24.87 Class S Common Shares $ 24.87 Class D Common Shares $ 24.87 As of November 30, 2025, the Fund's aggregate NAV was approximately $49.1 billion, the fair value of its investment portfolio was approximately $79.0 billion, and it had approximately $32.9 billion of debt outstanding (at principal). The average debt-to-equity leverage ratio during November 2025 was approximately 0.67 times. As of November 30, 2025, the Fund had approximately $38.4 billion in committed debt capacity, with 90% in floating rate leverage, of which 71% is secured, and 10% in fixed rate leverage, of which 84% is unsecured, based on drawn amounts. 1 The Fund's leverage sources are in the form of a corporate revolver (13%), asset-based credit facilities (34%), unsecured bonds (34%), secured short term indebtedness (1%), and collateralized loan obligation (CLO) and other secured debt instruments (18%) 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 mont

View Full Filing

View this 8-K filing on SEC EDGAR