Blackstone Secured Lending Fund filed SEC Form 8-K: Entry into a Material Definitive Agreement, Creation of a Direct Financial Obligation, Financial Statements and Exhibits
$BXSL
Trusts Except Educational Religious and Charitable
Finance
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K
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CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): November 20, 2024
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(Exact name of Registrant as specified in its charter)
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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:
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Securities registered pursuant to Section 12(b) of the Act: | ||||||||||||||
Title of each class | Trading Symbol(s) | Name of each exchange on which registered | ||||||||||||
| Common Shares of Beneficial Interest, $0.001 par value per share | BXSL | New York Stock Exchange | ||||||||||||
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
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. ☐
Item 1.01. Entry into a Material Definitive Agreement.
On November 20, 2024, Blackstone Secured Lending Fund (the “Company”) through BGSL Big Sky Funding LLC (“Big Sky Funding”), a wholly-owned subsidiary of the Company, entered into the Fourth Amendment (the “Fourth Amendment”) with Bank of America, N.A. (“Bank of America”), as lender and administrative agent to the Second Amended and Restated Credit Agreement, dated June 29, 2022, by and among Big Sky Funding, as borrower, 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 Fourth Amendment provides for, among other things, (i) a $150 million increase to the maximum commitment amount under the facility, (ii) a change in the applicable margin for all advances to 1.85% per annum, and (iii) the payment of certain fees as agreed between Big Sky Funding and Bank of America.
The description above is only a summary of the material provisions of the Fourth Amendment and is qualified in its entirety by reference to the copy of the Fourth Amendment, which is filed as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by reference thereto.
Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.
The information provided in Item 1.01 of this Current Report on Form 8-K is incorporated by reference into this Item 2.03.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
Exhibit Number | Description of Exhibits | |||||||
10.1 | ||||||||
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) | |||||||
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.
| BLACKSTONE SECURED LENDING FUND | |||||||||||
| Date: | November 22, 2024 | By: | /s/ Oran Ebel | ||||||||
Name: | Oran Ebel | ||||||||||
Title: | Chief Legal Officer and Secretary | ||||||||||