Press Releases and Communications

Blackstone Secured Lending Fund Announces 2023 Investor Day

Blackstone Secured Lending Fund (NYSE:BXSL) announced today that it will host a public Investor Day on Thursday, December 7, 2023 in New York. The event, which will begin at 8:00 a.m. ET, will review BXSL and the potential investment merits of private credit in today’s environment.

Blackstone Secured Lending Fund Prices Public Offering of Common Shares

Blackstone Secured Lending Fund (NYSE:BXSL) (the “Company” or “BXSL”) announced today that it has priced a public offering of 6,500,000 shares of its common shares of beneficial interest (“common shares”) 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.

Blackstone Secured Lending Fund Announces Public Offering of Common Shares

Blackstone Secured Lending Fund (NYSE:BXSL) (the “Company” or “BXSL”) announced today that it has launched a public offering of 6,500,000 shares of its common shares of beneficial interest (“common shares”). The Company also intends to grant the underwriters for the offering an option to purchase up to an additional 975,000 shares of its common shares. The offering is being made pursuant to an effective shelf registration statement, which has been filed with the Securities and Exchange Commission (the “SEC”). The completion of the proposed offering depends upon several factors, including market and other conditions.

Blackstone Secured Lending Fund Reports Second Quarter 2023 Results

Blackstone Secured Lending Fund (NYSE: BXSL, or the “Company”) today reported its second quarter 2023 results. Brad Marshall and Jonathan Bock, Co-Chief Executive Officers of Blackstone Secured Lending Fund, said, “BXSL reported another quarter of strong results marked by record net investment income, growth in net asset value and continued healthy credit performance. As a result, the Company announced a 10% increase of the regular quarterly distribution to $0.77 per share, which represents an annualized yield of 11.7% based on second quarter net asset value per share. BXSL’s performance is supported by its 98% first lien senior secured portfolio with minimal non-accruals and investments that we believe reflect extremely strong fundamentals.”

Blackstone Secured Lending Fund Announces Increase in Quarterly Distribution

Blackstone Secured Lending Fund (NYSE: BXSL) to increase quarterly distribution to $0.77 per share. As a result of continued strong earnings, low fee structure, and the quality of its investment portfolio, BXSL will increase its regular quarterly distribution to $0.77 per share for the third quarter of 2023, a 10% increase when compared to its distribution of $0.70 per share for the second quarter of 2023. BXSL’s Board of Trustees approved the increase in distribution, which will become effective in the third quarter of 2023 and apply to shareholders of record as of September 30, 2023, payable on October 26, 2023.

Blackstone Secured Lending Fund Reports First Quarter 2023 Results

Blackstone Secured Lending Fund (NYSE: BXSL) (the “Company”) today reported its first quarter 2023 results. Brad Marshall and Jonathan Bock, Co-Chief Executive Officers of Blackstone Secured Lending Fund, said, “BXSL reported another quarter of robust results including strong credit performance, growth in net asset value, and rising investment income. BXSL’s net investment income again exceeded the quarterly dividend of $0.70 per share, which represents an annualized yield of 10.7% on first quarter net asset value, which was up from the prior quarter to $26.10. The quarterly dividend was increased 17% last quarter and has increased over 30% since the Fund’s IPO in late 2021 due to material growth in investment income and solid credit performance from its portfolio of predominantly first lien senior secured loans.”

Blackstone Secured Lending Fund Reports Fourth Quarter and Full Year 2022 Results

NEW YORK — February 27, 2023 — Blackstone Secured Lending Fund (NYSE: BXSL, or the “Company”) today reported its fourth quarter and full year 2022 results. Brad Marshall, Co-Chief Executive Officer of Blackstone Secured Lending Fund, said, “BXSL reported record quarterly results including strong credit performance, growth in net asset value, and rising investment income. […]

Blackstone Expands Leadership Team in Growing Private Credit Business

Blackstone (NYSE: BX) today announced that Brad Marshall, who has been leading the firm’s direct lending efforts for nearly 17 years, has been promoted to Global Head of Private Credit Strategies (PCS), adding to his role as Chairman and co-CEO of the firm’s two business development companies (BDCs), Blackstone Private Credit Fund (BCRED) and Blackstone Secured Lending Fund (NYSE: BXSL). Jonathan Bock, formerly the CEO of Barings BDC and a top ranked Equity Analyst at Wells Fargo, has joined the firm to serve alongside Brad as Co-CEO of the firm’s BDCs.

Blackstone Secured Lending Fund Reports Third Quarter 2022 Results

Blackstone Secured Lending Fund (NYSE: BXSL, or the “Company”) today reported its third quarter 2022 results.

Brad Marshall, Chief Executive Officer of Blackstone Secured Lending Fund, said, “BXSL reported excellent third quarter results including strong growth in investment income and solid credit performance. We are experiencing a significant increase in our earnings power from higher rates, which is benefiting our portfolio yields.”

Abby Miller Appointed as Chief Accounting Officer and Treasurer of Blackstone Credit BDCs

Blackstone Credit today announced the appointment of Abby Miller as Chief Accounting Officer and Treasurer of Blackstone Private Credit Fund (BCRED) and Blackstone Secured Lending Fund (BXSL), its business development companies (BDCs). BCRED and BXSL are part of the direct lending platform within Blackstone’s $230 billion credit business, the firm’s fastest growing segment.

Blackstone Secured Lending Fund Reports First Quarter 2022 Results

Brad Marshall, Chief Executive Officer of Blackstone Secured Lending Fund, said, “BXSL reported strong first-quarter results, delivering an attractive total return and yield for its investors. Results showcase BXSL’s high quality portfolio, which is predominantly first lien senior secured floating rate loans – all of which are performing. We declared a regular dividend in the first quarter that represents an 8% annualized yield on ending net asset value, in addition to special dividends for both the quarter and scheduled for later this year. We’re excited about the future, given a portfolio and liability structure that are well positioned for this environment.”

Michelle Greene Joins Board of Trustees of Blackstone Credit BDCs

Blackstone Private Credit Fund (BCRED) and Blackstone Secured Lending Fund (BXSL), Blackstone Credit’s business development companies (BDCs), today announced the appointment of Michelle Greene, a leader in ESG, stakeholder capitalism and strategic sustainability implementation, to their Boards of Trustees, effective May 2, 2022.