Blackstone Secured Lending Fund Reports Third Quarter 2024 Results
12 November 2024 - 10:50PM
Business Wire
Blackstone Secured Lending Fund (NYSE: BXSL or the “Company”)
today reported its third quarter 2024 results.
Brad Marshall and Jonathan Bock, Co-Chief Executive Officers of
Blackstone Secured Lending Fund, said, “BXSL reported its highest
net investment income on a dollar basis and record net asset value
per share, along with another active quarter of both commitments
and fundings. Credit performance remained strong with minimal
non-accruals, underpinned by a 98.7% first lien senior secured debt
portfolio with a low loan-to-value ratio of 46.5%. BXSL also
received a full-notch credit rating upgrade from Moody’s to Baa2,
one of only two publicly traded BDCs with that distinction. BXSL is
well positioned in this dynamic market, and we are highly confident
in our ability to deploy capital and deliver shareholder
value.”
Blackstone Secured Lending Fund issued a full detailed
presentation of its third quarter 2024 results, which can be viewed
at www.bxsl.com.
Dividend Declaration
The Company's Board of Trustees has declared a fourth quarter
2024 dividend of $0.77 per share to shareholders of record as of
December 31, 2024, payable on or about January 24, 2025.
Quarterly Investor Call Details
Blackstone Secured Lending Fund will host its conference call
today at 9:30 a.m. ET to discuss results. To register for the
webcast, please use the following link:
https://event.webcasts.com/starthere.jsp?ei=1693405&tp_key=86d4073448
For those unable to listen to the live broadcast, there will be
a webcast replay on the Shareholders section of BXSL’s website at
https://ir.bxsl.com.
About Blackstone Secured Lending Fund
Blackstone Secured Lending Fund (NYSE: BXSL) is a specialty
finance company that invests primarily in the debt of private U.S.
companies. As of September 30, 2024, BXSL’s fair value of
investments was approximately $12.0 billion. BXSL has elected to be
regulated as a business development company under the Investment
Company Act of 1940, as amended. BXSL is externally managed by
Blackstone Credit BDC Advisors LLC, an SEC-registered investment
adviser that is an affiliate of Blackstone Inc. Blackstone Inc.,
together with its subsidiaries, is the world’s largest alternative
investment firm with over $1.1 trillion of assets under management
as of September 30, 2024.
Forward-Looking Statements and Other Matters
Certain information contained in this communication constitutes
“forward-looking statements.” These forward-looking statements can
be identified by the use of forward-looking terminology, such as
“outlook,” “indicator,” “believes,” “expects,” “potential,”
“continues,” “may,” “can,” “could,” “will,” “should,” “seeks,”
“approximately,” “predicts,” “intends,” “plans,” “estimates,”
“anticipates”, “confident,” “conviction,” “identified” or the
negative versions of these words or other comparable words thereof.
These may include BXSL’s financial estimates and their underlying
assumptions, statements about plans, statements regarding pending
transactions, objectives and expectations with respect to future
operations, statements regarding future performance, statements
regarding economic and market trends and statements regarding
identified but not yet closed investments. Such forward-looking
statements are subject to various risks and uncertainties.
Accordingly, there are or will be important factors that could
cause actual outcomes or results to differ materially from those
indicated in such statements. BXSL believes these factors include
but are not limited to those described under the section entitled
“Risk Factors” in its prospectus and annual report for the most
recent fiscal year, and any such updated factors included in its
periodic filings with the Securities and Exchange Commission (the
“SEC”), which are accessible on the SEC’s website at www.sec.gov.
These factors should not be construed as exhaustive and should be
read in conjunction with the other cautionary statements that are
included in this document (or BXSL’s prospectus and other filings).
Except as otherwise required by federal securities laws, BXSL
undertakes no obligation to publicly update or revise any
forward-looking statements, whether as a result of new information,
future developments or otherwise.
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version on businesswire.com: https://www.businesswire.com/news/home/20241112704380/en/
Investors Stacy Wang, Head of Stakeholder Relations
Blackstoneshareholderrelations@blackstone.com +1 888-756-8443 Media
Thomas Clements Thomas.Clements@blackstone.com +1 646-482-6088
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