Blackstone Secured Lending Fund ( (BXSL) ) has shared an announcement.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Blackstone Secured Lending Fund has established new equity distribution agreements with multiple sales agents, permitting the company to sell up to $500 million of its common shares at market prices or through private transactions. The offering will be conducted as an “at-the-market” transaction, with sales agents receiving up to 1% commission and the company setting a minimum share price equal to the net asset value per share during the sale. Proceeds from the sales are intended for general corporate purposes, including investment strategies and debt repayment, with the flexibility to adjust the offering based on market conditions and capital needs.
For a thorough assessment of BXSL stock, go to TipRanks’ Stock Analysis page.