Blackstone Secured Lending Fund Prices $177.6M Public Offering Of 6.5M Common Shares At $27.33/Share
Portfolio Pulse from Benzinga Newsdesk
Blackstone Secured Lending Fund (BXSL) has priced its public offering of 6.5 million common shares at $27.33 per share, raising $177.6 million.
August 10, 2023 | 6:12 am
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BXSL has priced its public offering at $27.33 per share, which could dilute existing shareholders' equity.
Public offerings often lead to a dilution of existing shareholders' equity, which can put downward pressure on the stock price in the short term. However, the raised funds could be used for growth initiatives that may benefit the company in the long term.
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