Blackstone Secured Lending Fund appraises initial public offering | 2021-10-27 | Press Releases

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Blackstone Secured Lending Fund (“BXSL”), a business development company managed externally by Blackstone Credit BDC Advisors LLC, today announced that it has priced its initial public offering of 9,180,000 of its common stock at $ 26.15 per share. BXSL & CloseCurlyQuote common stock is expected to begin trading on the New York Stock Exchange on October 28, 2021 under the symbol “BXSL. & CloseCurlyDoubleQuote; BXSL has also granted the underwriters an option to purchase up to 1,377,000 additional common shares. Closing of the offer is subject to market conditions and other customary closing conditions. The shares are expected to be delivered on or around November 1, 2021.

BXSL intends to use the net proceeds of this offering to repay some or all of its existing debt, to make investments in accordance with its investment objectives and strategies, and for other general corporate purposes. business.

BofA Securities, Citigroup, Goldman Sachs & Co. LLC, Morgan Stanley, and Wells Fargo Securities are acting as lead book co-managers for the offering. Barclays Capital Inc., JP Morgan Securities LLC, RBC Capital Markets, LLC, Keefe, Bruyette & Woods, Inc., Raymond James & Associates, Inc. and UBS Securities LLC also act as co-book managers for the offering. . Blackstone Securities Partners, LP, BNP Paribas Securities Corp., Deutsche Bank Securities Inc., Compass Point Research & Trading, LLC, Janney Montgomery Scott LLC, MUFG Securities Americas Inc., SMBC Nikko Securities America, Inc., SG Americas Securities, LLC , Academy Securities, Inc., Blaylock Van, LLC, R. Seelaus & Co., LLC and Samuel A. Ramirez & Company, Inc. are acting as co-managers of the offering.

A registration statement relating to these securities has been filed with the United States Securities and Exchange Commission (“SEC & CloseCurlyDoubleQuote;) and was declared effective October 27, 2021.

Investors are urged to carefully consider the investment objectives, risks and costs and expenses of BXSL before investing. The preliminary prospectus, dated October 18, 2021, contains this and other information about BXSL and should be read carefully before investing. The information contained in the registration statement is not complete and may be subject to change.

This press release will not constitute an offer to sell or the solicitation of an offer to buy any of the securities described above and there will be no sale of such securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to their registration or qualification under the securities laws of any such state or jurisdiction. The offers of these securities are made only by means of the prospectus. The SEC has not approved or disapproved these securities or approved the adequacy of the preliminary prospectus. Any statement to the contrary is a criminal offense.

These securities are offered only by means of a prospectus forming part of the registration statement, copies of which may be obtained, when available, from: BofA Securities, NC1-004-03-43 200 North College Street, 3rd floor, Charlotte, NC 28255-0001, Attn .: Prospectus Department, or by email at [email protected]; Citigroup Global Markets Inc., c / o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, or by toll-free at (800) 831-9146; Goldman Sachs & Co. LLC, Prospectus Department, 200 West Street, New York, NY 10282, by phone at (866) 471-2526, fax: (212) 902-9316 or by email at Prospectus-ny @ ny. E-mail. gs.com; Morgan Stanley & Co. LLC, Attn: Prospectus Department, 180 Varick Street, Second Floor, New York, NY 10014; and Wells Fargo Securities, LLC, Attn .: Equity Syndicate Department, 500 West 33rd Street, New York, NY 10001, by phone at (800) 326-5897 or by email at [email protected]

About the Blackstone Secured Lending Fund

Blackstone Secured Lending Fund (BXSL) is a specialized finance company that invests primarily in the debt of private US companies. As of June 30, 2021, BXSL held investments in 111 holding companies with an aggregate fair value of approximately $ 7.4 billion. BXSL elected to be regulated as a business development company under the Investment Companies Act 1940, as amended. BXSL is managed externally by Blackstone Credit BDC Advisors LLC, an SEC registered investment company that is a subsidiary of Blackstone Inc. (formerly The Blackstone Group Inc.). Blackstone Inc., along with its subsidiaries, is one of the world’s leading investment firms with approximately $ 684 billion in assets under management as of June 30, 2021.

Forward-looking statements

Statements included in this document may constitute “forward-looking statements”, “which relate to future events or to the future performance or financial condition of BXSL ‘. These statements are not guarantees of future performance, conditions or results and involve a number of risks and uncertainties, including the impact of the COVID-19 pandemic and related changes in interest rates from base and significant market volatility on BXSL’s business, BXSL’s portfolio companies, BXSL’s industry and the global economy. Actual results and conditions may differ materially from forward-looking statements due to a number of factors, including those described from time to time in documents filed by BXSL & CloseCurlyQuote with the Securities and Exchange Commission. BXSL assumes no obligation to update any forward-looking statements made here.

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