Simpson Thacher represented Blackstone Secured Lending Fund (NYSE: BXSL) in an SEC-registered at-the-market equity program pursuant to which BXSL’s common shares having an aggregate sales price of up to $200 million may be sold from time to time by SMBC Nikko Securities America, Inc., Truist Securities, Inc. and RBC Capital Markets, LLC, as sales agents.
BXSL is an externally managed, non-diversified, closed-end management investment company that has elected to be regulated as a business development company under the Investment Company Act of 1940, as amended. BXSL had approximately $9.6 billion in investments at fair value as of December 31, 2022. BXSL’s primary investment objectives are to generate current income and, to a lesser extent, long-term capital appreciation.
Blackstone Credit BDC Advisors LLC, an affiliate of Blackstone Inc., is BXSL’s investment adviser.
The Simpson Thacher team included Rajib Chanda, Steven Grigoriou, Jonathan Pacheco, Benjamin Ruano, Patrick Hall and Sara Uhlenbecker (Registered Funds); Matthew Mai (Capital Markets); and Jonathan Goldstein and Jonathan Cantor (Tax).