By Devika Patel
Knoxville, Tenn., Oct. 13 – Blackstone Private Credit Fund sold $350 million of 7.49% five-year series D senior notes in a private placement on Oct. 11, according to an 8-K filed with the Securities and Exchange Commission.
The notes were sold at 98.757 for a total purchase price of $345,649,500.
If a “below investment grade event” occurs, the notes will bear interest at a fixed rate of 8.49% per year from the date of the occurrence of the event until the date on which the event is cured.
Goldman Sachs & Co. LLC was the agent.
Proceeds will be used for general corporate purposes.
The investment and advisory firm is based in New York.
| Issuer: | Blackstone Private Credit Fund
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| Amount: | $350 million
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| Issue: | Series D senior notes
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| Maturity: | Oct. 11, 2027
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| Agent: | Goldman Sachs & Co. LLC
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| Counsel to issuer: | Dechert LLP
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| Counsel to purchaser: | Chapman and Cutler LLP
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| Coupon: | 7.49%
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| Price: | 98.757
|
| Call option: | None
|
| Settlement date: | Oct. 11
|
| Distribution: | Private placement
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