Item 3.02.
Unregistered Sale of Equity Securities.
As of May 1, 2022, Blackstone Private Credit Fund (the “Fund”) sold unregistered Class I common shares of beneficial interest (with the final number of shares being determined on May 23, 2022) to feeder vehicles primarily created to hold the Fund’s Class I shares. The offer and sale of these Class I shares was exempt from the registration provisions of the Securities Act of 1933, as amended, pursuant to Section 4(a)(2) and/or Regulation S thereunder (the “Private Offering”). The following table details the shares sold:
| | | | | | | | |
| Date of Unregistered Sale | | Amount of Class I
Common Shares | | | Consideration | |
As of May 1, 2022 (number of shares finalized on May 23, 2022) | | | 18,301,525 | | | $ | 471,447,284 | |
Item 5.02. Departure of Certain Officers; Appointment of Certain Officers.
On May 24, 2022, Blackstone Alternative Credit Advisors LP (“Blackstone Credit”) announced that Abby Miller has been appointed as the Chief Accounting Officer and Treasurer of the Fund. The board of trustees of the Fund approved Ms. Miller’s appointment on May 2, 2022 for a term commencing May 23, 2022.
Ms. Miller, born 1983, most recently served as Chief Financial Officer and Treasurer of BlackRock Capital Investment Corporation. Prior to joining BlackRock in 2017, Ms. Miller was Executive Director, Accounting Policy and Quality Assurance at Rabobank, North America Region and previously served as Assistant Controller of Rabobank’s North America Wholesale Business. She has held various controllership roles at financial services institutions including Fortress Investment Group and MUFG Americas, having started her career as an auditor at EY. Ms. Miller earned a bachelor’s degree in accounting and finance from Binghamton University’s School of Management.
Ms. Miller’s appointment coincides with the end of the interim term of service of David Goldberg, as contemplated pursuant to his initial appointment. The Fund is grateful to Mr. Goldberg for his dedicated service to the Fund.
A copy of Blackstone Credit’s press release announcing the foregoing matters is attached as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.
Item 7.01. Regulation FD Disclosure.
May 2022 Distributions
On May 24, 2022, the Fund declared distributions for each class of its common shares of beneficial interest (the “Shares”) in the amount per share set forth below:
| | | | | | | | | | | | | | | | |
| | | Gross
Distribution | | | Stockholder
Servicing Fee | | | Net
Distributions | |
Class I Common Shares | | $ | 0.1740 | | | $ | 0.0000 | | | $ | | | | $ | 0.1740 | |
Class S Common Shares | | $ | 0.1740 | | | $ | 0.0182 | | | $ | | | | $ | 0.1558 | |
Class D Common Shares | | $ | 0.1740 | | | $ | 0.0054 | | | $ | | | | $ | 0.1686 | |
The distributions for each class of Shares are payable to shareholders of record as of the open of business on May 31, 2022 and will be paid on or about June 29, 2022. These distributions will be paid in cash or reinvested in shares of the Fund’s Shares for shareholders participating in the Fund’s distribution reinvestment plan.
