EX-4.2 3 ea030266001_ex4-2.htm EXHIBIT 4.2 Exhibit 4.2 Twenty-second SUPPLEMENTAL INDENTURE between BLACKSTONE PRIVATE CREDIT FUND and U.S. BANK TRUST COMPANY, NATIONAL ASSOCIATION, as Trustee Dated as of AUGUST 19, 2026 twenty-SECOND SUPPLEMENTAL INDENTURE THIS TWENTY-SECOND SUPPLEMENTAL INDENTURE (this “Twenty-Second Supplemental Indenture”), dated as of August 19, 2026 (the “Issue Date”), is between Blackstone Private Credit Fund, a Delaware statutory trust (the “Company”), and U.S. Bank Trust Company, National Association, as trustee (as successor to U.S. Bank National Association, the “Trustee”). All capitalized terms used herein shall have the meaning set forth in the Base Indenture (as defined below) unless otherwise defined herein. RECITALS OF THE COMPANY The Company and the Trustee executed and delivered an Indenture, dated as of September 15, 2021 (the “Base Indenture”), as amended and supplemented by this Twenty-Second Supplemental Indenture (together with the Base Indenture, the “Indenture”), to provide for the issuance by the Company from time to time of the Company’s unsecured debentures, notes or other evidences of indebtedness (the “Securities”), to be…
Open exhibit ↗Current Report · Items 8.01, 9.01 · 8-K
Blackstone Private Credit Fund
Other Events
Item 8.01. Other Events. On August 19, 2026, Blackstone Private Credit Fund (the “Fund”) issued $750,000,000 aggregate principal amount of 6.200% notes due 2031 (the “Notes”) pursuant to that certain Base Indenture, dated as of September 15, 2021 (as may be further amended, supplemented or otherwise modified from time to time, the “Base Indenture”), as supplemented by the Twenty-Second Supplementa…
Disclosure sections
Item 8.01Item 8.01 - Other Events
Item 8.01. Other Events.
On August 19, 2026, Blackstone Private Credit Fund (the “Fund”) issued $750,000,000 aggregate principal amount of 6.200% notes due 2031 (the “Notes”) pursuant to that certain Base Indenture, dated as of September 15, 2021 (as may be further amended, supplemented or otherwise modified from time to time, the “Base Indenture”), as supplemented by the Twenty-Second Supplemental Indenture (the “Twenty-Second Supplemental Indenture” and, together with the Base Indenture, the “Indenture”), between the Fund and U.S. Bank Trust Company, National Association (the “Trustee”).
The Notes will mature on November 15, 2031 and may be redeemed in whole or in part at the Fund’s option at any time and from time to time at the redemption prices set forth in the Indenture. The Notes bear interest at a rate of 6.200% per year payable semi-annually on May 15 and November 15 of each year, commencing on May 15, 2027. The Notes are general unsecured obligations of the Fund that rank senior in right of payment to all of the Fund’s existing and future indebtedness that is expressly subordinated in right of payment to the Notes, rank pari passu with all existing and future unsecured indebtedness issued by the Fund that is not so subordinated, rank effectively junior to any of the Fund’s secured indebtedness (including unsecured indebtedness that the Fund later secures) to the extent of the value of the assets securing such indebtedness, and rank structurally junior to all existing and future indebtedness (including trade payables) incurred by the Fund’s subsidiaries, financing vehicles or similar facilities.
The Indenture contains certain covenants, including covenants requiring the Fund to comply with the asset coverage requirements of Section 18(a)(1)(A) as modified by Section 61(a) of the Investment Company Act of 1940, as amended, whether or not it is subject to those requirements, and to provide financial information to the holders of the Notes and the Trustee if the Fund is no longer subject to the reporting requirements under the Securities Exchange Act of 1934, as amended. These covenants are subject to important limitations and exceptions that are described in the Indenture.
In addition, on the occurrence of a “change of control repurchase event,” as defined in the Indenture, the Fund will generally be required to make an offer to purchase the outstanding Notes at a price equal to 100% of the principal amount of such Notes plus accrued and unpaid interest to, but excluding, the repurchase date.
The Notes were offered and sold pursuant to an effective Registration Statement on Form N-2ASR (File No. 333-284601), filed on January 30, 2025, and the preliminary prospectus supplement and the pricing term sheet, each filed with the United States Securities and Exchange Commission on August 17, 2026. The transaction closed on August 19, 2026.
The foregoing descriptions of the Base Indenture, the Twenty-Second Supplemental Indenture and the Notes do not purport to be complete and are qualified in their entirety by reference to the full text of the Base Indenture, the Twenty-Second Supplemental Indenture and the Notes, respectively, each filed as an exhibit hereto and incorporated by reference herein.