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 |
|---|---|---|---|
| 12/2/2024 | $29.00 | Overweight → Equal Weight | Wells Fargo |
| 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 |
Blackstone Secured Lending Fund (NYSE:BXSL) today reported its first quarter 2025 results. Brad Marshall and Jonathan Bock, Co-Chief Executive Officers of Blackstone Secured Lending Fund, said, "Despite recent market volatility, BXSL reported another strong quarter with net investment income per share of $0.83, covering our dividend at 108%. Credit performance remained healthy with minimal non-accruals, underpinned by a 98.2% first lien senior secured debt portfolio with a loan-to-value ratio of 47.4%. In periods of uncertainty, we may utilize Blackstone's significant scale and competitive advantages to benefit BXSL's portfolio companies and our shareholders." Blackstone Secured Lending F
Blackstone Secured Lending Fund (NYSE:BXSL) (the "Company") announced today that it will host its first quarter 2025 investor conference call via public webcast on May 7, 2025 at 9:30 a.m. ET. The Company will report its first quarter results prior to the call the morning of May 7, 2025. To register for the investor call, please use the following link: https://event.webcasts.com/starthere.jsp?ei=1715275&tp_key=98e644a094 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) today reported its fourth quarter and full year 2024 results. Brad Marshall and Jonathan Bock, Co-Chief Executive Officers of Blackstone Secured Lending Fund, said, "BXSL reported another strong quarter with active deployment, its record total investment income, and increased net asset value. Credit performance remained healthy with minimal non-accruals, underpinned by a 98.0% first lien senior secured debt portfolio with a loan-to-value ratio of 46.0%. New investments increased to their highest level since 2021, marking a fourth consecutive quarter-over-quarter increase. We remain confident in the outlook for deployment as we prepare for an act
Blackstone Secured Lending (NYSE:BXSL) announced today that Teddy Desloge, its Chief Financial Officer, and Justin Farshidi, Principal, are scheduled to present at the Raymond James 2025 Institutional Investor Conference on Monday, March 3, 2025 at 3:25 p.m. ET. A live webcast of the presentation will be available on the Shareholder Resources section of Blackstone Secured Lending's website at https://ir.bxsl.com/events/default.aspx. For those unable to listen to the live webcast, a replay will be available on Blackstone Secured Lending's website shortly after the event. About Blackstone Secured Lending Fund Blackstone Secured Lending Fund (NYSE:BXSL) is a specialty finance company that i
Blackstone Secured Lending Fund (NYSE:BXSL) (the "Company") announced today that it will host its fourth quarter and full year 2024 investor conference call via public webcast on February 26, 2025 at 9:30 a.m. ET. The Company will report its fourth quarter results prior to the call the morning of February 26, 2025. To register for the investor call, please use the following link: https://event.webcasts.com/starthere.jsp?ei=1706297&tp_key=d460ff7d08 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 Fu
Blackstone Secured Lending (NYSE:BXSL) announced today that Teddy Desloge, its Chief Financial Officer, is scheduled to present at the Bank of America Securities 2025 Financial Services Conference on Wednesday, February 12, 2025 at 1:00 p.m. ET. A live webcast of the presentation will be available on the Shareholder Resources section of Blackstone Secured Lending's website at https://ir.bxsl.com/overview/default.aspx. For those unable to listen to the live webcast, a replay will be available on Blackstone Secured Lending's website shortly after the event. About Blackstone Secured Lending Fund Blackstone Secured Lending Fund (NYSE:BXSL) is a specialty finance company that invests primari
Blackstone Secured Lending Fund (NYSE:BXSL) ("BXSL" or the "Company") announced today that it has priced an underwritten public offering of $300.0 million in aggregate principal amount of 5.350% notes due 2028 (the "notes"). 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 notes will be a further issuance of the Company's 5.350% notes due 2028 that the Company issued on October 15, 2024 in an aggregate principal amount of $400.0 million (the "existing notes"). The notes will be treated as a single series with the existing notes and will have the same terms as the existing notes (except the issue date a
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 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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Wells Fargo downgraded Blackstone Secured Lending Fund from Overweight to Equal Weight and set a new price target of $29.00
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
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Blackstone Secured Lending Fund (NYSE:BXSL) today reported its first quarter 2025 results. Brad Marshall and Jonathan Bock, Co-Chief Executive Officers of Blackstone Secured Lending Fund, said, "Despite recent market volatility, BXSL reported another strong quarter with net investment income per share of $0.83, covering our dividend at 108%. Credit performance remained healthy with minimal non-accruals, underpinned by a 98.2% first lien senior secured debt portfolio with a loan-to-value ratio of 47.4%. In periods of uncertainty, we may utilize Blackstone's significant scale and competitive advantages to benefit BXSL's portfolio companies and our shareholders." Blackstone Secured Lending F
Blackstone Secured Lending Fund (NYSE:BXSL) (the "Company") announced today that it will host its first quarter 2025 investor conference call via public webcast on May 7, 2025 at 9:30 a.m. ET. The Company will report its first quarter results prior to the call the morning of May 7, 2025. To register for the investor call, please use the following link: https://event.webcasts.com/starthere.jsp?ei=1715275&tp_key=98e644a094 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) today reported its fourth quarter and full year 2024 results. Brad Marshall and Jonathan Bock, Co-Chief Executive Officers of Blackstone Secured Lending Fund, said, "BXSL reported another strong quarter with active deployment, its record total investment income, and increased net asset value. Credit performance remained healthy with minimal non-accruals, underpinned by a 98.0% first lien senior secured debt portfolio with a loan-to-value ratio of 46.0%. New investments increased to their highest level since 2021, marking a fourth consecutive quarter-over-quarter increase. We remain confident in the outlook for deployment as we prepare for an act
Blackstone Secured Lending Fund (NYSE:BXSL) (the "Company") announced today that it will host its fourth quarter and full year 2024 investor conference call via public webcast on February 26, 2025 at 9:30 a.m. ET. The Company will report its fourth quarter results prior to the call the morning of February 26, 2025. To register for the investor call, please use the following link: https://event.webcasts.com/starthere.jsp?ei=1706297&tp_key=d460ff7d08 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 Fu
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