Blackstone Private Credit Fund 8-K

What Happened
Blackstone Private Credit Fund announced on January 12, 2026 that it issued $700,000,000 aggregate principal amount of 5.350% notes due March 12, 2031. The notes pay interest at 5.350% per year, payable semi‑annually on March 12 and September 12, beginning September 12, 2026. The offering closed January 12, 2026 and was issued under the Fund’s base indenture as supplemented by a Twentieth Supplemental Indenture.

Key Details

• Principal amount: $700,000,000; coupon: 5.350% fixed; maturity: March 12, 2031.
• Interest payment dates: semi‑annual on March 12 and September 12, commencing September 12, 2026.
• Security and ranking: general unsecured obligations of the Fund; senior to any expressly subordinated debt, pari passu with other unsecured debt, effectively junior to secured debt and structurally junior to indebtedness of subsidiaries or financing vehicles.
• Covenants and protections: includes covenants to meet certain asset coverage requirements (per the Investment Company Act provisions cited) and to provide financial information if the Fund is no longer an Exchange Act reporting company; contains a change‑of‑control repurchase feature requiring holders be offered 100% of principal plus accrued interest.

Why It Matters
This transaction raises $700M of five‑year fixed‑rate financing for the Fund at a 5.350% coupon, locking in borrowing costs and adding unsecured debt to the Fund’s capital structure. Retail investors should note the notes are unsecured and structurally junior to subsidiary debt, which affects recovery priority if creditors are paid; the indenture also includes standard issuer call/redeem features and a change‑of‑control repurchase right that protects noteholders in certain events. The filing’s described covenants and disclosure commitments provide some investor protections, but the full legal terms are in the indenture and note documents filed as exhibits.