Blackstone Fund Expands Flexibility with Equity Sales Agreements

Blackstone Secured Lending Fund (BXSL) has shared an announcement.

Blackstone Secured Lending Fund has engaged in multiple equity distribution agreements with prominent sales agents, allowing for the potential sale of up to $500 million in shares. These at-the-market offerings will enable the fund to raise capital flexibly, with sales conducted on various platforms, including the New York Stock Exchange, and at prices reflecting market conditions. The proceeds are earmarked for general corporate activities, including investment strategies and debt repayment. While the agreements facilitate these sales, the company retains the discretion to suspend the offering based on strategic considerations and market factors.

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