BXSL
Blackstone Secured Lending Fund27.84
-0.27-0.96%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
6.44BP/E (TTM)
10.51Basic EPS (TTM)
2.65Dividend Yield
0.11%Recent Filings
10-Q
8-K
8-K
BXSL issues $500M notes
Blackstone Secured Lending Fund closed a $500 million issuance of 5.125% unsecured notes due January 31, 2031, on October 14, 2025, via a ninth supplemental indenture with U.S. Bank Trust. Interest pays semi-annually starting January 31, 2026, with optional redemption anytime and a change-of-control repurchase at par plus accrued interest. The notes rank senior to subordinated debt but junior to secured obligations. This bolsters funding while tying to Investment Company Act asset coverage rules.
8-K
BXSL Q2 earnings cover dividend
Blackstone Secured Lending Fund reported Q2 2025 net investment income of $0.77 per share, fully covering its $0.77 quarterly dividend amid market volatility. The portfolio grew to $13.3 billion in fair value, with 98.2% in first-lien senior secured debt at a 46.9% loan-to-value ratio and just 0.3% non-accruals. Credit stays rock-solid. Yet, NII dipped from $0.83 prior quarter, signaling tighter yields ahead.
10-Q
Q2 FY2025 results
Blackstone Secured Lending Fund extended its senior secured credit facility through Amendment No. 4, pushing the maturity date for key commitments from August 2029 to August 4, 2030, while boosting revolving multicurrency commitments by $90M to $1.539B and incremental term commitments by $10M. This move, effective August 4, 2025, also extended the commitment termination date to August 4, 2029, and removed sustainability targets alongside the Term SOFR adjustment for 2030 lenders. The fund maintains robust liquidity with total commitments now at $2.425B, underscoring lender confidence in its portfolio. Yet, rising interest rate volatility poses risks to borrowing costs.
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