Blackstone Secured Lending Fund Completes Debt Exchange Offers
07.21.21
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Simpson Thacher represented Blackstone Secured Lending Fund (“BXSL”) in connection with its recent offers to exchange several series of its outstanding notes for approximately $1.9 billion aggregate principal amount of newly issued 2.75% notes due 2026, 3.625% notes due 2026 and 3.65% notes due 2023. The exchange offers settled on July 15, 2021.
BXSL is a business development company that focuses primarily on making originated senior secured, floating rate loans to private U.S. companies, specifically small and middle market companies.
The Simpson Thacher team included Rajib Chanda, Benjamin Wells, Steven Grigoriou and Hadley Dryland (Registered Funds); and Jonathan Cantor (Tax).