Blackstone Secured Lending Fund (together with its consolidated subsidiaries, the ÂCompanyÂ), is a Delaware statutory trust formed on March 26, 2018, and structured as an externally managed, non-diversified closed-end investment company. On October 26, 2018, the Company elected to be regulated as a business development company (ÂBDCÂ) under the Investment Company Act of 1940, as amended (the Â1940 ActÂ). In addition, the Company elected to be treated for U.S. federal income tax purposes, as a regulated investment company (ÂRICÂ), as defined under Subchapter M of the Internal Revenue Code of 1986, as amended (the ÂCodeÂ). The Company also intends to continue to comply with the requirements prescribed by the Code in order to maintain tax treatment as a RIC. The Company's investment objectives are to generate current income and, to a lesser extent, long-term capital appreciation. The Company seeks to achieve its investment objective primarily through originated loans and other securities, including syndicated loans, of private U.S. companies, specifically small and middle market companies, typically in the form of first lien senior secured and unitranche loans (including first out/last out loans), and to a lesser extent, second lien, third lien, unsecured and subordinated loans and other debt and equity securities..
IPO Year: 2021
Exchange: NYSE
Website: bgsl.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 3/25/2024 | Neutral → Buy | BofA Securities | |
| 2/29/2024 | Outperform → Mkt Perform | Raymond James | |
| 10/23/2023 | $28.00 → $28.50 | Neutral → Overweight | JP Morgan |
| 10/10/2023 | $29.00 | Buy | Truist |
| 11/11/2022 | $26.00 → $27.00 | Neutral → Buy | Janney |
| 7/12/2022 | Neutral → Buy | Compass Point | |
| 5/13/2022 | $26.00 | Mkt Perform → Outperform | Raymond James |
| 3/3/2022 | $34.00 → $32.00 | Outperform | RBC Capital |
| 3/3/2022 | $32.00 | Neutral → Buy | Citigroup |
| 3/2/2022 | $30.00 | Equal-Weight → Overweight | Wells Fargo |
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. Ms. Miller brings more than 15 years of accounting and audit experience, predominantly within large financial services institutions. She joins Blackstone Credit from BlackRock, where she most recently served as Chief Financial Officer and Treasurer of its BDC, BlackRock Capital Investment Corporation. Commenting on the
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. BCRED and BXSL are part of the direct lending platform within Blackstone's $230 billion credit business, the firm's fastest growing segment. Ms. Greene is President Emeritus and a Board member and Advisor to the Long-Term Stock Exchange (LTSE), a venture-backed, SEC-approved National Market System exchange with listing standards designed to support companies seekin
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Blackstone Secured Lending Fund (NYSE:BXSL) today reported its third quarter 2024 results. Brad Marshall and Jonathan Bock, Co-Chief Executive Officers of Blackstone Secured Lending Fund, said, "BXSL reported its highest net investment income on a dollar basis and record net asset value per share, along with another active quarter of both commitments and fundings. Credit performance remained strong with minimal non-accruals, underpinned by a 98.7% first lien senior secured debt portfolio with a low loan-to-value ratio of 46.5%. BXSL also received a full-notch credit rating upgrade from Moody's to Baa2, one of only two publicly traded BDCs with that distinction. BXSL is well positioned in
Blackstone Secured Lending Fund (NYSE:BXSL) (the "Company") announced today that it will host its third quarter 2024 investor conference call via public webcast on November 12, 2024 at 9:30 a.m. ET. The Company will report its third quarter results prior to the call the morning of November 12, 2024. To register for the investor call, please use the following link: https://event.webcasts.com/starthere.jsp?ei=1693405&tp_key=86d4073448 For those unable to listen to the live broadcast, there will be a webcast replay on the Shareholders section of Blackstone Secured Lending's website at https://ir.bxsl.com. About Blackstone Secured Lending Fund Blackstone Secured Lending Fund (NYSE:BXSL) is
Blackstone Secured Lending Fund (NYSE:BXSL) ("BXSL" or the "Company") announced today that it has priced an underwritten 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 may be redeemed in whole or in part at BXSL's option at the applicable redemption price. 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 subj
Blackstone Secured Lending Fund (NYSE:BXSL) (the "Company") announced today that it will host its second quarter 2024 investor conference call via public webcast on August 7, 2024 at 9:30 a.m. ET. The Company will report its second quarter results prior to the call the morning of August 7, 2024. To register for the investor call, please use the following link: https://event.webcasts.com/starthere.jsp?ei=1680432&tp_key=d231aae495 For those unable to listen to the live broadcast, there will be a webcast replay on the Shareholders section of Blackstone Secured Lending's website at https://ir.bxsl.com. About Blackstone Secured Lending Fund Blackstone Secured Lending Fund (NYSE:BXSL) is
Blackstone Secured Lending Fund (NYSE:BXSL) ("BXSL" or the "Company") announced today that it has priced an underwritten public offering of $400.0 million in aggregate principal amount of 5.875% notes due 2027. The notes will mature on November 15, 2027 and may be redeemed in whole or in part at BXSL's option at the applicable redemption price. 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
Blackstone Secured Lending Fund (NYSE:BXSL) (the "Company") announced today that it will host its first quarter 2024 investor conference call via public webcast on May 8, 2024 at 9:30 a.m. ET. The Company will report its first quarter results prior to the call the morning of May 8, 2024. To register for the investor call, please use the following link: https://event.webcasts.com/starthere.jsp?ei=1666624&tp_key=36561946ab For those unable to listen to the live broadcast, there will be a webcast replay on the Shareholders section of Blackstone Secured Lending's website at https://ir.bxsl.com. About Blackstone Secured Lending Fund Blackstone Secured Lending Fund (NYSE:BXSL) is a specia
Blackstone Secured Lending Fund (NYSE:BXSL) (the "Company") announced today that it will host its fourth quarter and full year 2023 investor conference call via public webcast on February 28, 2024 at 9:30 a.m. ET. The Company will report its fourth quarter results prior to the call the morning of February 28, 2024. To register for the investor call, please use the following link: https://event.webcasts.com/starthere.jsp?ei=1654639&tp_key=d2cf505449 For those unable to listen to the live broadcast, there will be a webcast replay on the Shareholders section of Blackstone Secured Lending's website at https://ir.bxsl.com. About Blackstone Secured Lending Fund Blackstone Secured Lending F
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. BXSL's leadership will highlight recent results, including its fundamentals, portfolio construction and investment strategy. The discussion will expand beyond BXSL to include perspectives from private market leaders, industry experts, leading banks, and institutional investors on topics including origination, market trends, underwriting discipline, and banking industry changes. The 2023 Investor Day will be w
Blackstone Secured Lending Fund (NYSE:BXSL) (the "Company") announced today that it will host its third quarter investor conference call via public webcast on November 8, 2023 at 9:30 a.m. ET. The Company will report its third quarter results prior to the call the morning of November 8, 2023. To register for the investor call, please use the following link: https://event.webcasts.com/starthere.jsp?ei=1632105&tp_key=bfd6cbc923 For those unable to listen to the live broadcast, there will be a webcast replay on the Shareholders section of Blackstone Secured Lending's website at https://ir.bxsl.com. About Blackstone Secured Lending Fund Blackstone Secured Lending Fund (NYSE:BXSL) is a s
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. The Company expects to use the net proceeds from this offering for general
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Blackstone Secured Lending Fund (NYSE:BXSL) today reported its third quarter 2024 results. Brad Marshall and Jonathan Bock, Co-Chief Executive Officers of Blackstone Secured Lending Fund, said, "BXSL reported its highest net investment income on a dollar basis and record net asset value per share, along with another active quarter of both commitments and fundings. Credit performance remained strong with minimal non-accruals, underpinned by a 98.7% first lien senior secured debt portfolio with a low loan-to-value ratio of 46.5%. BXSL also received a full-notch credit rating upgrade from Moody's to Baa2, one of only two publicly traded BDCs with that distinction. BXSL is well positioned in
Blackstone Secured Lending Fund (NYSE:BXSL) (the "Company") announced today that it will host its third quarter 2024 investor conference call via public webcast on November 12, 2024 at 9:30 a.m. ET. The Company will report its third quarter results prior to the call the morning of November 12, 2024. To register for the investor call, please use the following link: https://event.webcasts.com/starthere.jsp?ei=1693405&tp_key=86d4073448 For those unable to listen to the live broadcast, there will be a webcast replay on the Shareholders section of Blackstone Secured Lending's website at https://ir.bxsl.com. About Blackstone Secured Lending Fund Blackstone Secured Lending Fund (NYSE:BXSL) is
Blackstone Secured Lending Fund (NYSE:BXSL) (the "Company") announced today that it will host its second quarter 2024 investor conference call via public webcast on August 7, 2024 at 9:30 a.m. ET. The Company will report its second quarter results prior to the call the morning of August 7, 2024. To register for the investor call, please use the following link: https://event.webcasts.com/starthere.jsp?ei=1680432&tp_key=d231aae495 For those unable to listen to the live broadcast, there will be a webcast replay on the Shareholders section of Blackstone Secured Lending's website at https://ir.bxsl.com. About Blackstone Secured Lending Fund Blackstone Secured Lending Fund (NYSE:BXSL) is
Blackstone Secured Lending Fund (NYSE:BXSL) (the "Company") announced today that it will host its first quarter 2024 investor conference call via public webcast on May 8, 2024 at 9:30 a.m. ET. The Company will report its first quarter results prior to the call the morning of May 8, 2024. To register for the investor call, please use the following link: https://event.webcasts.com/starthere.jsp?ei=1666624&tp_key=36561946ab For those unable to listen to the live broadcast, there will be a webcast replay on the Shareholders section of Blackstone Secured Lending's website at https://ir.bxsl.com. About Blackstone Secured Lending Fund Blackstone Secured Lending Fund (NYSE:BXSL) is a specia
Blackstone Secured Lending Fund (NYSE:BXSL) (the "Company") announced today that it will host its fourth quarter and full year 2023 investor conference call via public webcast on February 28, 2024 at 9:30 a.m. ET. The Company will report its fourth quarter results prior to the call the morning of February 28, 2024. To register for the investor call, please use the following link: https://event.webcasts.com/starthere.jsp?ei=1654639&tp_key=d2cf505449 For those unable to listen to the live broadcast, there will be a webcast replay on the Shareholders section of Blackstone Secured Lending's website at https://ir.bxsl.com. About Blackstone Secured Lending Fund Blackstone Secured Lending F
Blackstone Secured Lending Fund (NYSE:BXSL) (the "Company") announced today that it will host its third quarter investor conference call via public webcast on November 8, 2023 at 9:30 a.m. ET. The Company will report its third quarter results prior to the call the morning of November 8, 2023. To register for the investor call, please use the following link: https://event.webcasts.com/starthere.jsp?ei=1632105&tp_key=bfd6cbc923 For those unable to listen to the live broadcast, there will be a webcast replay on the Shareholders section of Blackstone Secured Lending's website at https://ir.bxsl.com. About Blackstone Secured Lending Fund Blackstone Secured Lending Fund (NYSE:BXSL) is a s
Blackstone Secured Lending Fund (NYSE:BXSL) (the "Company") announced today that it will host its second quarter investor conference call via public webcast on August 9, 2023 at 9:30 a.m. ET. The Company will report its second quarter results prior to the call the morning of August 9, 2023. To register for the investor call, please use the following link: https://event.webcasts.com/starthere.jsp?ei=1626702&tp_key=79bc76471d For those unable to listen to the live broadcast, there will be a webcast replay on the Shareholders section of Blackstone Secured Lending's website at https://ir.bxsl.com. About Blackstone Secured Lending Fund Blackstone Secured Lending Fund (NYSE:BXSL) is a spe
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. Brad Marshall and Jonathan Bock, Co-Chief Executive Officers of Blackstone
Blackstone Secured Lending Fund (NYSE:BXSL) (the "Company") announced today that it will host its first quarter investor conference call via public webcast on May 10, 2023 at 9:30 a.m. ET. The Company will report its first quarter results prior to the call the morning of May 10, 2023. To register for the investor call, please use the following link: https://event.webcasts.com/starthere.jsp?ei=1610895&tp_key=942bbd7160 For those unable to listen to the live broadcast, there will be a webcast replay on the Shareholders section of Blackstone Secured Lending's website at https://ir.bxsl.com. About Blackstone Secured Lending Fund Blackstone Secured Lending Fund (NYSE:BXSL) is a specialty f
Blackstone Secured Lending Fund (NYSE:BXSL) (the "Company") announced today that it will host its fourth quarter and full year 2022 investor conference call via public webcast on February 27, 2023 at 9:30 a.m. ET. The Company will report its fourth quarter results prior to the call the morning of February 27, 2023. To register for the investor call, please use the following link: https://event.webcasts.com/starthere.jsp?ei=1595470&tp_key=3dbe885469 For those unable to listen to the live broadcast, there will be a webcast replay on the Shareholders section of Blackstone Secured Lending's website at https://ir.bxsl.com. About Blackstone Secured Lending Fund Blackstone Secured Lending Fund
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BofA Securities upgraded Blackstone Secured Lending Fund from Neutral to Buy
Raymond James downgraded Blackstone Secured Lending Fund from Outperform to Mkt Perform
JP Morgan upgraded Blackstone Secured Lending Fund from Neutral to Overweight and set a new price target of $28.50 from $28.00 previously
Truist initiated coverage of Blackstone Secured Lending Fund with a rating of Buy and set a new price target of $29.00
Janney upgraded Blackstone Secured Lending Fund from Neutral to Buy and set a new price target of $27.00 from $26.00 previously
Compass Point upgraded Blackstone Secured Lending Fund from Neutral to Buy
Raymond James upgraded Blackstone Secured Lending Fund from Mkt Perform to Outperform and set a new price target of $26.00
RBC Capital reiterated coverage of Blackstone Secured with a rating of Outperform and set a new price target of $32.00 from $34.00 previously
Citigroup upgraded Blackstone Secured Lending Fund from Neutral to Buy and set a new price target of $32.00
Wells Fargo upgraded Blackstone Secured from Equal-Weight to Overweight and set a new price target of $30.00
Blackstone Secured (NYSE:BXSL) reported quarterly earnings of $0.87 per share which missed the analyst consensus estimate of $0.91 by 4.4 percent. This is a 6.45 percent decrease over earnings of $0.93 per share from the same period last year. The company reported quarterly sales of $303.959 million which missed the analyst consensus estimate of $308.988 million by 1.63 percent. This is a 14.73 percent increase over sales of $264.938 million the same period last year.
During the last three months, 4 analysts shared their evaluations of Blackstone Secured (NYSE:BXSL), revealing diverse outlooks from bullish to bearish. The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 2 2 0 0 0 Last 30D 0 1 0 0 0 1M Ago 0 0 0 0 0 2M Ago 2 0 0 0 0 3M Ago 0 1 0 0 0 The 12-month price targets, analyzed by analysts, offer insights with an average target of $31.25, a high estimate of $32.00, and a low estimate of $30.50. This current average reflects an increase of 5.5% fr
JP Morgan analyst Melissa Wedel maintains Blackstone Secured (NYSE:BXSL) with a Overweight and raises the price target from $30 to $31.5.
Citigroup analyst Arren Cyganovich maintains Blackstone Secured (NYSE:BXSL) with a Buy and raises the price target from $30 to $31.
Truist Securities analyst Mark Hughes maintains Blackstone Secured (NYSE:BXSL) with a Buy and raises the price target from $30 to $32.
Raymond James analyst Robert Dodd downgrades Blackstone Secured (NYSE:BXSL) from Outperform to Market Perform.
Blackstone Secured (NYSE:BXSL) reported quarterly earnings of $0.96 per share which beat the analyst consensus estimate of $0.94 by 2.13 percent. This is a 6.67 percent increase over earnings of $0.90 per share from the same period last year. The company reported quarterly sales of $304.00 million which beat the analyst consensus estimate of $283.72 million by 7.15 percent. This is a 21.12 percent increase over sales of $251.00 million the same period last year.
Companies Reporting Before The Bell • ICL Group (NYSE:ICL) is likely to report quarterly earnings at $0.08 per share on revenue of $1.69 billion. • Golden Ocean Group (NASDAQ:GOGL) is likely to report quarterly earnings at $0.27 per share on revenue of $193.12 million. • Wallbox (NYSE:WBX) is likely to report earnings for its fourth quarter. • Immunocore Hldgs (NASDAQ:IMCR) is estimated to report quarterly loss at $0.28 per share on revenue of $67.23 million. • Royal Bank of Canada (NYSE:RY) is likely to report quarterly earnings at $2.08 per share on revenue of $9.95 billion. • TG Therapeutics (NASDAQ:TGTX) is likely to report quarterly loss at $0.10 per share on revenue of $40.06 mil
Wells Fargo analyst Timothy O'Shea maintains Blackstone Secured (NYSE:BXSL) with a Overweight and raises the price target from $28.5 to $30.5.
Truist Securities analyst Mark Hughes maintains Blackstone Secured (NYSE:BXSL) with a Buy and raises the price target from $29 to $30.