On November 23, 2020, Blackstone / GSO Secured Lending Fund (the “Fund”) priced an offering of $300 million in aggregate principal amount of its 3.625% notes due 2026 (the “New Notes”) at a price equal to 101.552% of the face value, plus accrued interest from October 23, 2020, resulting in an effective yield to maturity of 3.286%. The New Notes will be issued under the same indenture dated as of July 15, 2020 and supplemental indenture dated as of October 23, 2020, pursuant to which the Fund previously issued $500 million in aggregate principal amount of its 3.625% notes due 2026 (the “Existing Notes”). The New Notes have identical terms to the Existing Notes, other than the issue date and the issue price. The offering of the New Notes is expected to close on December 1, 2020, subject to customary closing conditions.
The Fund expects to use the net proceeds of this offering for general corporate purposes.
This announcement does not constitute an offer to sell or a solicitation of an offer to buy any of the New Notes, nor shall there be any offer, solicitation or sale in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful.
The New Notes were sold in a private placement to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), and to certain non-U.S. persons outside the United States pursuant to Regulation S under the Securities Act. The New Notes have not been registered under the Securities Act or any state securities laws and may not be offered or sold in the United States absent registration or an applicable exemption from such registration requirements.
Forward-Looking Statements and Important Disclosure Notice
This announcement may contain certain forward-looking statements, including statements with regard to future events or the future performance or operations of the Fund. Words such as “believes,” “expects,” “projects,” and “future” or similar expressions are intended to identify forward-looking statements. These forward-looking statements are subject to the inherent uncertainties in predicting future results and conditions. Certain factors could cause actual results to differ materially from those projected in these forward-looking statements, including changes in the economy, risks associated with possible disruption in the Fund’s operations or the economy generally due to pandemics, terrorism or natural disasters, and future changes in laws or regulations and conditions in the Fund’s operating area. Some of these factors are enumerated in the filings the Fund makes with the SEC. The Fund undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
