Blackstone's Credit Fund Pays Its Steepest Bond Premium Since 2021 [Yahoo! Finance]
Blackstone Secured Lending Fund (BXSL)
Company Research
Source: Yahoo! Finance
This article first appeared on GuruFocus Blackstone Secured Lending Fund ( NYSE:BXSL ) is marketing a new benchmark-sized 2029 note at an initial price talk of approximately 225 basis points over Treasuries, according to a person familiar with the matter, the widest spread the fund has offered since its debut bond in 2021. By comparison, two prior $500 million five-year deals in February and October 2025 were both priced at around 175 basis points over Treasuries, meaning the fund is paying up 50 basis points more to attract sufficient demand this time. Brad Marshall, global head of private credit strategies, said Wednesday that the firm has marked down a loan to Medallia to approximately 78 cents on the dollar, from 87 cents as recently as last June. The offering comes amid a broader deterioration in sentiment toward private credit's exposure to software companies. Concerns about the impact of artificial intelligence on software company cash flows have shaken the $1.8 trillion
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BXSL
News
- Blackstone Secured Lending Fund (BXSL) had its price target lowered by UBS Group AG from $27.50 to $24.75. They now have a "neutral" rating on the stock.MarketBeat
- Blackstone Secured Lending Fund (BXSL) had its price target lowered by JPMorgan Chase & Co. from $27.00 to $24.00. They now have an "overweight" rating on the stock.MarketBeat
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- Blackstone Secured Lending's NAV, Valuation, And Dividend Versus 11 BDC Peers - Part 1 (Includes Recommendations As Of 3/6/2026) [Seeking Alpha]Seeking Alpha
- Avoiding Blackstone And Blackstone Secured Lending Even Before BCRED Redemption Surge [Seeking Alpha]Seeking Alpha
BXSL
Sec Filings
- 3/16/26 - Form 4
- 3/12/26 - Form 4
- 3/11/26 - Form 4
- BXSL's page on the SEC website