Blackstone Secured Lending Fund
Simpson Thacher & Bartlett LLP
2
March 16, 2021, to the Base Indenture (the “Third Supplemental Indenture,” and together with the Base Indenture, the First Supplemental Indenture and the Second Supplemental Indenture, the “Indenture”), between the Company and U.S. Bank National Association, as trustee (the “Trustee”). The 3.650% Exchange Notes will be offered by the Company in exchange for $400,000,000 aggregate principal amount of the Company’s outstanding 3.650% Notes due 2023, which have not been registered under the Securities Act. The 3.625% Exchange Notes will be offered by the Company in exchange for $800,000,000 aggregate principal amount of 3.625% Notes due 2026, which have not been registered under the Securities Act. The 2.750% Exchange Notes will be offered by the Company in exchange for $700,000,000 aggregate principal amount of 2.750% Notes due 2026, which have not been registered under the Securities Act.
We have examined the Registration Statement and the Indenture, which is an exhibit to the Registration Statement. In addition, we have examined, and have relied as to matters of fact upon, originals, or duplicates or certified or conformed copies, of such records, agreements, documents and other instruments and such certificates or comparable documents of public officials and of officers and representatives of the Company and have made such other investigations as we have deemed relevant and necessary in connection with the opinions hereinafter set forth.
In rendering the opinion set forth below, we have assumed the genuineness of all signatures, the legal capacity of natural persons, the authenticity of all documents submitted to us as originals, the conformity to original documents of all documents submitted to us as duplicates or certified or conformed copies and the authenticity of the originals of such latter documents. We also have assumed that the Indenture is the valid and legally binding obligation of the Trustee.
