By Cristal Cody
Tupelo, Miss., July 8 – Blackstone/GSO Secured Lending Fund priced an upsized $400 million of 3.65% three-year senior notes (Baa3//BBB-) on Wednesday at a spread of Treasuries plus 362.5 basis points, according to a market source.
The issue priced tighter than talk in the 387.5 bps area.
The deal was upsized from $300 million.
Citigroup Global Markets Inc. and Goldman Sachs & Co. LLC were the bookrunners.
Blackstone/GSO Secured Lending Fund is a New York-based business development company that originates senior secured floating-rate loans to private U.S. companies, specifically small and middle market companies.
The company is externally managed by GSO Asset Management LLC, a subsidiary of GSO Capital Partners LP.
| Issuer: | Blackstone/GSO Secured Lending Fund
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| Amount: | $400 million
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| Maturity: | July 14, 2023
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| Description: | Senior notes
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| Bookrunners: | Citigroup Global Markets Inc. and Goldman Sachs & Co. LLC
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| Coupon: | 3.65%
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| Spread: | Treasuries plus 362.5 bps
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| Trade date: | July 8
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| Ratings: | Moody’s: Baa3
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| Fitch: BBB-
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| Price guidance: | Treasuries plus 387.5 bps area
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