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Blackstone Secured Lending Fund (BXSL) is a prominent non-diversified, closed-end management investment company. The primary objective of BXSL is to generate steady current income and, to a lesser extent, achieve long-term capital appreciation. The company focuses on originating loans and other securities, including syndicated loans, specifically targeting private U.S. companies. Typically, BXSL invests in first lien senior secured and unitranche loans, as well as unsecured and subordinated loans and other debt and equity securities.
BXSL leverages its expertise to provide capital solutions tailored to the unique needs of middle-market businesses. With a disciplined investment approach, the company aims to identify high-quality opportunities that offer attractive risk-adjusted returns for its shareholders. By maintaining a diversified portfolio, BXSL mitigates risks and enhances the potential for stable income generation.
In recent developments, BXSL has continued to expand its investment portfolio, collaborating with various strategic partners to optimize outcomes. The company remains committed to transparency, regularly updating stakeholders through comprehensive reports and news releases that highlight financial performance, new investments, and key milestones.
For investors seeking reliable income through a well-structured investment vehicle, BXSL stands out as a solid choice, backed by the robust management and expertise of Blackstone, a global leader in alternative investment management.
Blackstone Secured Lending Fund (NYSE:BXSL) has priced a $300.0 million public offering of 5.350% notes due 2028. This issuance is an addition to the existing $400.0 million notes of the same series issued on October 15, 2024, bringing the total outstanding amount to $700.0 million. The notes will mature on April 13, 2028, and can be redeemed at BXSL's option.
The company plans to use the net proceeds for general corporate purposes, including potential investments aligned with their objectives and debt repayment. The offering, managed by several major financial institutions including Citigroup, J.P. Morgan, and Morgan Stanley, is expected to close on December 16, 2024.
Blackstone Secured Lending Fund (NYSE: BXSL) reported strong third quarter 2024 results, achieving its highest net investment income on a dollar basis and record net asset value per share. The company maintained robust credit performance with minimal non-accruals, supported by a 98.7% first lien senior secured debt portfolio with a 46.5% loan-to-value ratio. BXSL received a credit rating upgrade from Moody's to Baa2, making it one of only two publicly traded BDCs with this rating. The Board declared a Q4 2024 dividend of $0.77 per share, payable on January 24, 2025, to shareholders of record as of December 31, 2024.
Blackstone Secured Lending Fund (NYSE: BXSL) has announced its plans for the third quarter 2024 earnings release and conference call. The company will host an investor conference call via public webcast on November 12, 2024, at 9:30 a.m. ET. BXSL will release its third quarter results on the morning of the same day, prior to the call.
Investors can register for the call using the provided link. For those unable to attend the live broadcast, a webcast replay will be available on the Shareholders section of Blackstone Secured Lending's website.
Blackstone Secured Lending Fund (NYSE:BXSL) has priced a public offering of $400.0 million in aggregate principal amount of 5.350% notes due 2028. The notes will mature on April 13, 2028, and can be redeemed in whole or in part at BXSL's option. The company plans to use the net proceeds for general corporate purposes, including investing in line with their objectives and strategies, and repaying indebtedness.
The offering is expected to close on October 15, 2024, subject to customary conditions. Citigroup Global Markets, J.P. Morgan Securities, Morgan Stanley & Co., SMBC Nikko Securities America, and Truist Securities are acting as joint book-running managers. Investors are advised to carefully review the pricing term sheet, prospectus supplement, and accompanying prospectus before investing.
Blackstone Secured Lending Fund (NYSE: BXSL) has announced its upcoming second quarter 2024 earnings release and conference call. The company will report its Q2 results on the morning of August 7, 2024, followed by an investor conference call via public webcast at 9:30 a.m. ET on the same day. Investors can register for the call using the provided link. For those unable to attend the live broadcast, a webcast replay will be available on the Shareholders section of Blackstone Secured Lending's website.
Blackstone Secured Lending Fund (NYSE: BXSL) announced a public offering of $400 million in 5.875% unsecured notes due 2027. The notes will mature on November 15, 2027, and can be redeemed in part or whole at BXSL's discretion.
The net proceeds are intended for general corporate purposes, including investments and debt repayment. The offering is expected to close on May 20, 2024, subject to customary conditions. Joint book-running managers include Citigroup, Barclays, Goldman Sachs, RBC Capital Markets, and SMBC Nikko Securities America.
Investors are advised to review the prospectus and related documents for details on investment objectives, risks, charges, and expenses. The offer is based on a shelf registration statement filed with the SEC.
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