Blackstone Secured Lending Fund (BXSL) has entered into a fifth amendment to its senior secured credit agreement, modifying its terms and extending the maturity. The amendment changes the aggregate commitments to $2.375 billion and extends the maturity date for the majority of the facility to 2031.
Key Details
- Facility Size & Structure: The total commitment size was amended from $2.425 billion to $2.375 billion. The updated facility consists of $1.9 billion in revolving commitments and $438.5 million in funded term loans.
- Maturity Extension: The maturity date for the majority of the revolving commitments was extended from August 4, 2030, to August 10, 2031. The period for making borrowings was extended one year to August 10, 2030.
- Additional Terms: The amendment, dated August 10, 2026, also includes a reset of the minimum shareholders' equity covenant and the payment of certain fees. A portion of the revolving commitments, totaling $200.0 million, retains a maturity date of June 28, 2027.