Blackstone Mortgage Trust completes $450 million 6.250% senior secured notes offering due 2031
On May 19, 2026, Blackstone Mortgage Trust closed a $450 million private offering of 6.250% senior secured notes maturing June 1, 2031. The company said it plans to use the proceeds for general corporate purposes, including paying down existing secured debt, which adds new fixed-rate debt while the filing does not report any change to earnings or guidance.
Key points
- Principal amount: $450 million; interest of 6.250% per year, paid semi-annually starting December 1, 2026
- Notes are senior secured, sharing first-priority collateral with the term loan and existing 3.750% notes due 2027 and 7.750% notes due 2029
- Indenture covenants include a maximum Total Debt to Total Assets Ratio of 83.333% before a Collateral Fall-Away Event
- Change of control triggers an offer to repurchase at 101% of principal plus accrued interest
The filing
Written by AI on Nov 8, 2026, 1:55 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 19, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.