Blackstone Secured Lending Fund
11/22/2024 | Press release | Distributed by Public on 11/22/2024 15:34
Material Agreement Form 8 K
Item 1.01. Entry into a Material Definitive Agreement.
On November 20, 2024, Blackstone Secured Lending Fund (the "Company") through BGSL Big Sky Funding LLC ("Big Sky Funding"), a wholly-owned subsidiary of the Company, entered into the Fourth Amendment (the "Fourth Amendment") with Bank of America, N.A. ("Bank of America"), as lender and administrative agent to the Second Amended and Restated Credit Agreement, dated June 29, 2022, by and among Big Sky Funding, as borrower, Bank of America, as administrative agent, each of the lenders from time to time party thereto, and BofA Securities, Inc., as sole lead arranger and sole book manager. The Fourth Amendment provides for, among other things, (i) a $150 million increase to the maximum commitment amount under the facility, (ii) a change in the applicable margin for all advances to 1.85% per annum, and (iii) the payment of certain fees as agreed between Big Sky Funding and Bank of America.
The description above is only a summary of the material provisions of the Fourth Amendment and is qualified in its entirety by reference to the copy of the Fourth Amendment, which is filed as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by reference thereto.