Blackstone Secured Lending Fund

09/26/2024 | Press release | Distributed by Public on 09/26/2024 14:49

Material Agreement Form 8 K

Item 1.01.

Entry into a Material Definitive Agreement.

On September 25, 2024, Blackstone Secured Lending Fund (the "Company") and BGSL Big Sky Funding LLC ("Big Sky Funding"), a wholly-owned subsidiary of the Company, entered into the Third Amendment (the "Third Amendment") to the Second Amended and Restated Credit Agreement, dated June 29, 2022, by and among Big Sky Funding, as borrower, Bank of America, N.A. ("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 Third Amendment provides for, among other things, (i) a reduction in the applicable margin for advances, to be effective from and after September 25, 2024, to a range between 1.50% per annum and 1.95% per annum depending on the nature of the collateral securing the advances, subject to a floor of 1.80% per annum; (ii) an extension of the availability period for advances under the facility until March 30, 2027; (iii) an extension of stated maturity of the facility to September 30, 2027; and (iv) the payment of an administrative agent servicing fee and certain other fees as agreed between Big Sky Funding and Bank of America.

The description above is only a summary of the material provisions of the Third Amendment and is qualified in its entirety by reference to the copy of the Third Amendment, which is filed as Exhibit 10.1 to this Current Report on Form 8-K andis incorporated herein by reference thereto.