Blackstone Private Credit Fund 8-K

What Happened

• Blackstone Private Credit Fund filed an 8‑K on June 23, 2026 announcing three main items: a small unregistered sale of Class I shares, monthly distributions for June and July 2026, and the fund’s net asset value (NAV) and leverage details as of May 31, 2026.
• Unregistered sale: as of June 1, 2026 (finalized June 22, 2026) the Fund sold 278,469 Class I common shares for $6,666,556 under a private offering exemption (Section 4(a)(2) and/or Regulation S).
• Distributions: on June 22, 2026 the Fund declared regular monthly distributions — June gross distribution $0.2000 per share (net: Class I $0.2000, Class S $0.1830, Class D $0.1950), payable ~July 28, 2026 to holders of record June 30, 2026; it also declared a July gross distribution of $0.1800 per share (record July 31; pay ~Aug 27).
• NAV and portfolio: NAV per share for all classes was $23.94 as of May 31, 2026. Aggregate NAV ≈ $45.3 billion; investment portfolio fair value ≈ $78.7 billion; debt outstanding ≈ $36.2 billion (principal); average May leverage ≈ 0.80x.

Key Details

• Unregistered sale (Private Offering): 278,469 Class I shares for $6,666,556 (June 1 sale, finalized June 22, 2026).
• Distributions: June gross $0.20/share (net varies by class); July gross $0.18/share; record/pay dates: June record 6/30 → pay ~7/28; July record 7/31 → pay ~8/27.
• Fund size & leverage (May 31, 2026): NAV $23.94/share; aggregate NAV ~$45.3B; portfolio fair value ~$78.7B; debt ~$36.2B; avg debt/equity ~0.80x.
• Offering status: Fund is conducting a continuous public Offering (up to $45.0B) and private offerings. Combined Shares issued (Offering + Private Offering) as of filing: 2,240,083,902 shares representing ~$56.9B in total consideration.

Why It Matters

• The declared distributions affect income received by shareholders and reinvestment decisions (cash or DRIP). Exact net amounts differ by share class due to servicing/distribution fees.
• NAV, portfolio value and leverage figures give investors a snapshot of the fund’s size, asset base and indebtedness as of May 31 — useful for assessing scale and potential risk from leverage.
• The private sale reported was small relative to the fund’s overall capital; ongoing public and private offerings indicate the Fund continues raising capital and issuing shares, which can affect supply and growth of assets under management.