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Published on 4/20/2021 in the Prospect News Investment Grade Daily.

Blackstone Secured Lending talks $300 million tap of 2.75% notes at Treasuries plus 200 bps area

By Cristal Cody

Chicago, April 20 – Blackstone Secured Lending Fund is marketing a $300 million tap of its 2.75% notes due Sept. 16, 2026 with initial talk in the Treasuries plus 200 basis points area, according to a market source.

Citigroup Global Markets Inc., Goldman Sachs & Co. LLC and SMBC Nikko Securities America Inc. are the bookrunners, as they were in the original offering which priced in early March.

The original issue is $400 million of 2.75% notes that priced with a spread of Treasuries plus 217 bps.

The New York company makes originated senior secured floating-rate loans to private U.S. companies.


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