Blackstone Secured Lending Fund filed SEC Form 8-K: Entry into a Material Definitive Agreement, Creation of a Direct Financial Obligation

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15 (d)

of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): September 25, 2024

Blackstone Secured Lending Fund

(Exact name of registrant as specified in its charter)

(212) 503-2100

(Registrant’s phone number, including area code)

N/A

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

Securities registered pursuant to Section 12(b) of the Act:

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2):

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

On September 25, 2024, Blackstone Secured Lending Fund (the “Company”) and BGSL Big Sky Funding LLC (“Big Sky Funding”), a wholly-owned subsidiary of the Company, entered into the Third Amendment (the “Third Amendment”) to the Second Amended and Restated Credit Agreement, dated June 29, 2022, by and among Big Sky Funding, as borrower, Bank of America, N.A. (“Bank of America”), as administrative agent, each of the lenders from time to time party thereto, and BofA Securities, Inc., as sole lead arranger and sole book manager. The Third Amendment provides for, among other things, (i) a reduction in the applicable margin for advances, to be effective from and after September 25, 2024, to a range between 1.50% per annum and 1.95% per annum depending on the nature of the collateral securing the advances, subject to a floor of 1.80% per annum; (ii) an extension of the availability period for advances under the facility until March 30, 2027; (iii) an extension of stated maturity of the facility to September 30, 2027; and (iv) the payment of an administrative agent servicing fee and certain other fees as agreed between Big Sky Funding and Bank of America.

The description above is only a summary of the material provisions of the Third Amendment and is qualified in its entirety by reference to the copy of the Third Amendment, which is filed as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by reference thereto.

The information provided in Item 1.01 of this current report on Form 8-K is incorporated by reference into this Item 2.03.

Exhibit Index

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.