$BXSL

Citizens initiated coverage on Blackstone Secured Lending Fund (BXSL) with a Market Perform rating, citing expected dividend reduction to $0.65/share from $0.77. The stock trades near its 52-week low at $23.33, with a 13.2% dividend yield. Q2 2026 net investment income beat estimates at $0.75/share, but revenue missed at $320.47M. BXSL maintains a portfolio of 300+ companies with historically low default rates.

Three BDCs with yields over 13% are analyzed for dividend safety. FS KKR (FSK) yields 21.3%, but has negative earnings and a temporary fee waiver. Blue Owl (OBDC) yields 14.4%, with adjusted NII covering its dividend. Blackstone Secured Lending (BXSL) yields 13.1%, with high-quality loans but declining NII coverage. Blue Owl's dividend is deemed most durable.

Three BDCs (Blue Owl, FS KKR, Prospect) have cut dividends, with Prospect's shares down 33.56% YTD. Blackstone and Hercules may follow. Blue Owl's yield is 12.5%, covered by NII. FS KKR's yield is 17.3%, but coverage is tight. Prospect's yield is 28.2%, but NAV and losses are concerns. Blackstone's coverage dropped to 97%, signaling a potential cut. Hercules has strong coverage but some credit quality issues.

Blackstone Secured Lending Fund (BXSL) held its annual meeting on September 24, 2026, electing two Class II trustees and ratifying Deloitte & Touche LLP as its accounting firm. Robert Bass and Michelle Greene were elected with 40.2M and 47.8M votes, respectively, and 94.4M broker non-votes each. Shareholders also approved Deloitte's appointment with 160M votes for. The meeting had a quorum of 69.49% of entitled shares.

Blackstone Secured Lending Fund (BXSL) filed an SEC Form 8-K — Submission of Matters to a Vote of Security Holders. Item 5.07. Submission of Matters to a Vote of Security Holders. On September 24, 2026, Blackstone Secured Lending Fund (the “Company”) held its 2026 Annual Meeting of Shareholders (the “Annual Meeting”). Because 161,674,427 shares of the Company’s common shares of beneficial inte

Private credit markets are showing increasing signs of distress, with non-accrual debt rising among the largest BDCs. In Q2, non-accrual debt at the top 10 BDCs increased to 3.95% of total debt, up from 3.75% in Q1. The broader BDC universe also saw a rise in non-accrual borrowers, reaching 4.69% in Q1 2026. Adjusted non-accrual rates are higher, indicating wider credit stress. Interest income at risk is climbing, potentially impacting BDC yields.

Analysts from Barclays and Compass Point maintained or initiated ratings on Charles Schwab (SCHW), SLM, and Blackstone Secured Lending Fund (BXSL). SCHW received a Buy rating with a $125 price target from Barclays and a $135 target from Compass Point. SLM was rated Hold with a $26 target, while BXSL also received a Hold rating with a $23 target. Consensus ratings and price targets were provided for each company.

Investing.com reports private credit BDCs have fallen 10-18% over the past year but rebounded 5-12% in the last month. It cites dividend yields of 7-12.6% and shows 1Y and 1M performance for BXSL, BIZD, HTGC, MAIN, ARCC, GBDC, and BBDC. It notes RBC maintained Outperform on KBDC but cut its price target to $15 from $16.

Blackstone Secured Lending Fund (BXSL) filed an SEC Form 8-K — Entry into a Material Definitive Agreement. Item 1.01. Entry into a Material Definitive Agreement. On August 10, 2026, Blackstone Secured Lending Fund (the “Company”) entered into a fifth amendment (the “Fifth Amendment”) to the second amended and restated senior secured credit agreement, dated June 28, 2022, by and among

Blackstone Secured Lending Fund (NYSE:BXSL) reported Q2 call highlights. Management said non-accrual fell to 1.8% of fair value, helped by asset restructurings, and repayments exceeded $700 million with an annualized 21% rate. Portfolio nearly 97% first-lien; net leverage was 1.25x and liquidity $2.8 billion.