REG - Blackstone Loan Fin - Further re Sale of Assets and Third Redemption

Blackstone Loan FinancingAnnouncement

08/01/2025 16:45

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RNS Number : 6382S  Blackstone Loan Financing Limited  08 January 2025

08 January 2025

Blackstone Loan Financing Limited

(the "Company")

Completion of Proposed Sale of Assets

Compulsory Partial Redemption of Shares

Further to the completion of the Proposed Transaction on 8 January 2025 and
subject to and conditional upon the passing of the proposed special resolution
for the Summary Winding Up of the Company at the EGM due to be held on 15
January 2025 (the "Winding Up Condition"), as described in the circular dated
4 December 2024 (the "Circular"), the Company today announces that it will
return approximately €260,000,000 by way of a compulsory partial redemption
of up to 344,325,255 Shares (the "Third Redemption") on or around 4 February
2025 (the "Redemption Date"). Approximately 98.39% of the existing Shares will
be redeemed.

Subject to the fulfilment of the Winding Up Condition, the Third Redemption
will be effected at €0.7551 per Share, being the NAV per Share as at 31
December 2024. The Third Redemption will be effected pro-rata to holdings of
such shares on the register at close of business on 15 January 2025
("Redemption Record Time"). As at today's date, the Company has 349,955,289
Shares in issue, of which none are held in treasury.

On this basis, a holder of 10,000 Shares will have 9,839 Shares redeemed, and
receive €7,429.43 in cash.

Fractions of Shares will not be redeemed and so the number of Shares held by
each shareholder to be redeemed compulsorily on the Redemption Date will be
rounded down to the nearest whole number of Shares.

The amount to be applied to the partial redemption of Shares comprises monies
received by the Company on the completion of the Proposed Transaction.

All Shares that are redeemed will be cancelled with effect from the Redemption
Date. Accordingly, once redeemed, such Shares will cease to exist and so they
will be incapable of transfer.

The Shares will be disabled in CREST after close of business on the Redemption
Date and the existing ISIN number JE00BM8J7D47 (the "Old ISIN") will expire.

The new ISIN number JE00BT25YW59 (the "New ISIN") in respect of the remaining
Shares, which have not been redeemed and will be in issue following the
Redemption Date, will be enabled and available for transactions from and
including 16 January 2025. These shares will not be listed on any stock
exchange or regulated market, and they will be redeemed at the end of the
liquidation process with any surplus funds that remain.

Up to and including the Redemption Date, the Shares will continue to be traded
under the Old ISIN and as such, a purchaser of such Shares who was not on the
register as at the Redemption Record Time would have a market claim for a
proportion of the redemption proceeds. CREST will automatically transform any
open transactions as at the Redemption Date into the New ISIN.

Shareholders should note that the Board retains absolute discretion as to the
execution, extent and timing of any further redemptions.

Expected timetable for redemption

The anticipated dates and sequence of events relating to the implementation of
the Proposals are set out below:

 Latest time to submit currency election form for the Third Redemption        1.00 p.m. on 15 January 2025
 Third Redemption Record Date                                                 5.00 p.m. on 15 January 2025*
 Third Redemption Date and expiry of Old ISIN number                          15 January 2025*
 Third Redemption Ex Date                                                     16 January 2025*
 New ISIN number enabled JE00BT25YW59                                         16 January 2025*
 Redemption monies paid to uncertificated holdings and certificated holdings  Expected to be by 4 February 2025 or as soon as possible thereafter*

* These dates are subject to the fulfilment of the Winding Up Condition and to
the receipt of any regulatory consents, and therefore they may be subject to
delay.

Currency Election

Redemption monies will be paid in Euros. If any certificated or uncertificated
Shareholder wishes to receive redemption monies in Sterling, they must
complete a redemption currency election form and return it either by email to
operationalsupportteam@linkgroup.co.uk
(mailto:operationalsupportteam@linkgroup.co.uk) or by post to Link Group,
Corporate Actions, Central Square, 29 Wellington Street Leeds, LS1 4DL no
later than 1.00 p.m. on 15 January 2025.

A copy of this form is available on the Company's website at
https://www.blackstone.com/fund/bglfln-blackstone-loan-financing-limited/#investor-documents
(https://www.blackstone.com/fund/bglfln-blackstone-loan-financing-limited/#investor-documents)
.

Please note that if you have previously advised the Registrar, Link Group,
that you wish to receive your dividends in Sterling, you will need to advise
them separately if you also wish to receive your redemption monies in
Sterling.

Please note that, unlike dividend currency elections, Shareholders cannot
elect to switch the currency in which they receive proceeds of the Redemption
through the CREST platform. Any redemption currency election forms submitted
shall relate only to the proceeds of the current Redemption and will not
endure.

Capitalised terms used but not defined in this announcement will have the same
meaning as set out in the Circular.

Enquiries:

 BGLF                                                                           Via Singer Capital Markets

 Steven Wilderspin (Chair)

 Singer Capital Markets (Financial Adviser & Joint Corporate Broker to the      020 7496 3000
 Company)

 James Maxwell / Alaina Wong / Oliver Platts (Corporate Finance)

 Alan Geeves / Sam Greatrex (Sales)

 

 BNP Paribas (Company Secretary to the Company)  01534 709189 / 709108

 

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