Blackstone Private Credit Fund Announces Share Sale, Distributions and NAV Update

What Happened
Blackstone Private Credit Fund filed an 8-K on August 20, 2026 reporting several capital and cash‑distribution items. The Fund sold unregistered Class I common shares (offer date August 1, 2026; final share count determined August 19, 2026) as part of a private offering, declared regular August distributions for each share class on August 19, 2026, and reported net asset value and leverage metrics as of July 31, 2026.

Key Details

• Unregistered sale: 1,339,715 Class I common shares (sale date Aug 1, 2026; number finalized Aug 19) for $31,670,859 pursuant to Section 4(a)(2) and/or Regulation S (Private Offering).
• Distributions declared (Aug 19, 2026), payable to holders of record at open of business Aug 31, 2026 and payable on/about Sep 25, 2026; cash or reinvestment option:
  • Class I: Gross $0.1800, Servicing/Distribution fee $0.0000, Net $0.1800
  • Class S: Gross $0.1800, Fee $0.0167, Net $0.1633
  • Class D: Gross $0.1800, Fee $0.0049, Net $0.1751
• NAV and balance sheet (as of July 31, 2026): NAV per share $23.64 (all classes); aggregate NAV ≈ $43.0 billion; investment portfolio fair value ≈ $77.2 billion; debt outstanding ≈ $37.1 billion (principal). Average debt-to-equity leverage in July ≈ 0.81x.
• Debt capacity and mix: ~$51.9 billion committed capacity (93% floating-rate—64% of that secured; 7% fixed-rate—95% of that unsecured). Leverage sources by drawn amounts: corporate revolver 6%, asset-based facilities 32%, unsecured bonds 40%, secured short-term <1%, CLO/other secured 22%.
• Offering status: Fund is publicly offering up to $45.0 billion in Shares and continues monthly sales; total Shares issued (Offering + Private Offering) reported as 2,249,636,257 representing ~$57.1 billion in consideration (breakdowns by class provided in the filing).

Why It Matters
These items matter to investors because they affect income, capital structure and potential dilution. The declared distributions indicate the Fund’s cash return to shareholders for August. The NAV, portfolio fair value, and leverage metrics provide a snapshot of the Fund’s size, indebtedness and funding mix as of July 31, 2026. Ongoing public and private share offerings (and the reported unregistered sale) show continued capital raising and expansion of the Fund’s outstanding share base, which can influence NAV per share and investor ownership over time.