BXSL Stock Recent News

Blackstone Secured Lending Fund delivered a 4.0% total NAV return, outperforming the sector once again. The BXSL closed-end fund is trading at a 6% premium to book value and has a dividend yield of 10.9%. Net investment income fell in Q3 due to lower interest and fee income, higher incentive fees, and an increase in new shares.

Blackstone Secured Lending Fund. (NYSE:BXSL ) Q3 2023 Earnings Conference Call November 8, 2023 9:30 AM ET Company Participants Stacy Wang - Investor Relations Brad Marshall - Co-Chief Executive Officer Jon Bock - Co-Chief Executive Officer Carlos Whitaker - President Teddy Desloge - Chief Financial Officer Conference Call Participants Finian O'Shea - Wells Fargo Robert Dodd - Raymond James Kenneth Lee - RBC Paul Johnson - KBW Melissa Wedel - JPMorgan Mark Hughes - Truist Arren Cyganovich - Citi Operator Good day and welcome to the Blackstone Secured Lending Third Quarter 2023 Investor Call.

NEW YORK--(BUSINESS WIRE)--Blackstone Secured Lending Fund (NYSE:BXSL) (the “Company”) announced today that it will host its third quarter investor conference call via public webcast on November 8, 2023 at 9:30 a.m. ET. The Company will report its third quarter results prior to the call the morning of November 8, 2023. To register for the investor call, please use the following link: https://event.webcasts.com/starthere.jsp?ei=1632105&tp_key=bfd6cbc923 For those unable to listen to the live.

BDC reach has expanded to include more opportunities and potential clients. Almost any size and type of company can now benefit by working with a BDC. BDCs lend to companies that cannot readily access traditional lenders for some reason or another.

Blackstone Secured Lending Fund delivered a 3.5% total NAV return, outperforming the sector, and raised its base dividend by 10%. BXSL is one of the largest BDCs with a focus on upper middle-market borrowers, particularly software and healthcare companies. The company's net investment income increased by over 14% and its NAV rose for the third straight quarter, reaching a new high since its IPO.

Blackstone Secured Lending Fund (BXSL) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

Blackstone Secured Lending Fund (BXSL) came out with quarterly earnings of $1.06 per share, beating the Zacks Consensus Estimate of $0.99 per share. This compares to earnings of $0.62 per share a year ago.

NEW YORK--(BUSINESS WIRE)--Blackstone Secured Lending Fund (NYSE:BXSL) (the “Company”) announced today that it will host its second quarter investor conference call via public webcast on August 9, 2023 at 9:30 a.m. ET. The Company will report its second quarter results prior to the call the morning of August 9, 2023. To register for the investor call, please use the following link: https://event.webcasts.com/starthere.jsp?ei=1626702&tp_key=79bc76471d For those unable to listen to the live b.

The Blackstone Secured Lending Fund currently yields 11.4%, making it a high-yield option for income-seeking investors. BXSL benefits from the size, expertise, and quality of its external manager, Blackstone Credit, which contributes to its well-managed business development operations. BXSL focuses on investing in secured debt instruments, particularly first-lien senior secured and unitranche loans, offering a top-tier portfolio with a defensive nature and favorable risk profile.

We take a look at the action in business development companies through the fourth week of June and highlight some of the key themes we are watching. BDCs reversed their rally as broader markets cooled from the recent strong run. BDCs have been issuing fixed-rate bonds at 8%+ coupons - a relatively high level over the past decade which can compress their net income if the Fed cuts rates.