Blackstone Secured Lending Extends Credit Maturity, Adjusts Commitments

Blackstone Secured Lending Fund entered into a fifth amendment to its senior secured credit agreement. This amendment extends the borrowing period for certain revolving commitments to August 10, 2030, and the maturity date to August 10, 2031, for most revolving commitments. The aggregate commitments were adjusted from $2.425 billion to $2.375 billion, including an increase in revolving commitments to $1.9 billion and funded term loan commitments to $438.5 million. The amendment also includes a resetting of minimum shareholders' equity and payment of certain fees.