Blackstone Secured Lending Fund Enters Into New $500 Million At-The-Market Equity Program
09.30.24
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Simpson Thacher represented Blackstone Secured Lending Fund (NYSE: BXSL) in establishing a new SEC-registered “at-the-market” equity program for an aggregate sales price of up to $500 million, which replaced its prior expiring ATM program. BXSL’s common shares may be sold from time to time under the program by Truist Securities, Inc., RBC Capital Markets, LLC, Compass Point Research & Trading, LLC, Raymond James & Associates, Inc., Regions Securities LLC, BTIG, LLC, Drexel Hamilton, LLC and SMBC Nikko Securities America, Inc., 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’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, Erin Randall, Patrick Hall, Sara Uhlenbecker, Jooyoon Chang and Jenny Guo (Registered Funds); and Jonathan Cantor and Michael Slomovics (Tax).