Blackstone Secured Lending Fund (BXSL) Prices 6.5M Share Offering at $27.33/sh

August 10, 2023 5:27 AM EDT

Blackstone Secured Lending Fund (NYSE: BXSL) announced today that it has priced a public offering of 6,500,000 shares of its common shares of beneficial interest for total gross proceeds of approximately $177.6 million. The price to the public was $27.33 per common share. In connection with the offering, the Company has granted the underwriters for the offering an option to purchase up to an additional 975,000 shares of its common shares. The offering is subject to customary closing conditions, and the common shares are expected to be delivered on or about August 14, 2023.

The Company expects to use the net proceeds from this offering for general corporate purposes, which may include, among other things, investing in accordance with our investment objectives and strategies described in the prospectus supplement and the accompanying prospectus described below in greater detail and repaying indebtedness (which will be subject to reborrowing).

Wells Fargo Securities, Morgan Stanley and BofA Securities are acting as lead joint book running managers for this offering. RBC Capital Markets, Goldman Sachs & Co. LLC, UBS Investment Bank, J.P. Morgan, Raymond James, Barclays, Citigroup and Keefe, Bruyette & Woods, a Stifel Company are acting as joint book running managers for this offering. Compass Point and Janney Montgomery Scott LLC are acting as co-managers for this offering.

Investors are advised to carefully consider the investment objectives, risks, charges and expenses of the Company before investing. The preliminary prospectus supplement dated August 9, 2023 and the accompanying prospectus dated July 25, 2022, which have been filed with the Securities and Exchange Commission (the “SEC”), contain this and other information about the Company and should be read carefully before investing.

The information in the preliminary prospectus supplement, the accompanying prospectus and this press release is not complete and may be changed. The preliminary prospectus supplement, the accompanying prospectus and this press release are not offers to sell any securities of the Company and are not soliciting an offer to buy such securities in any state or jurisdiction where such offer and sale is not permitted.

An effective shelf registration statement relating to these securities is on file with the SEC. The offering may be made only by means of a preliminary prospectus supplement and an accompanying prospectus, copies of which may be obtained from the website of the SEC at or from Wells Fargo Securities, LLC, 500 West 33rd Street, New York, New York, 10001 by calling toll free 1-800-326-5897 or email a request to [email protected]; Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, New York 10014, or by email at [email protected]; and/or BofA Securities, Inc. Attention: Prospectus Department, 201 North Tryon, Charlotte North Carolina 28255, Mail Code NC1-022-02-25 or by email at [email protected].

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