The company announced today that it has priced an underwritten public offering of $300.0 million in aggregate principal amount of 5.350% notes due 2028 (the “notes”). The notes will mature on April 13, 2028 and may be redeemed in whole or in part at BXSL’s option at the applicable redemption price.
The notes will be a further issuance of the Company’s 5.350% notes due 2028 that the Company issued on October 15, 2024 in an aggregate principal amount of $400.0 million (the “existing notes”). The notes will be treated as a single series with the existing notes and will have the same terms as the existing notes (except the issue date and offering price). The notes will have the same CUSIP number and will be fungible and rank equally with the existing notes. Upon the issuance of the notes, the Company will have $700.0 million aggregate principal amount of 5.350% notes due 2028 outstanding. As of 2024-12-10, the Fund’s leverage was 51.6% and Debt Focused BDC Group leverage was 50.3%.