BXMT closes $450M senior secured notes at 6.250% due 2031, proceeds to pay down debt

Filed May 19, 2026 · Period ending May 19, 2026 · ~1 min read

Key Changes

• high

  Issued $450M of 6.250% senior secured notes maturing June 2031, secured by substantially all company assets and ranking pari passu with existing senior secured debt including term loan and other senior secured notes.

  Item 1.01 — Entry into a Material Definitive Agreement verify on EDGAR →
• medium

  Proceeds earmarked for general corporate purposes including paying down existing secured debt, suggesting refinancing or deleveraging though specific debt being retired not disclosed.

  Item 1.01 — Entry into a Material Definitive Agreement verify on EDGAR →
• medium

  Indenture requires Total Debt to Total Assets Ratio ≤83.333% while notes remain secured; notes include collateral fall-away provision that would convert them to unsecured upon triggering events.

  Item 1.01 — Entry into a Material Definitive Agreement verify on EDGAR →