LONDON – Blackstone (NYSE:) Loan Financing Limited (LSE:BGLF) announced today that its shareholders have passed an ordinary resolution regarding the sale of preferred private notes (PPNs) during an Extraordinary General Meeting (EGM). The EGM, held earlier today, approved the disposal of 100% of the PPNs issued by BCF and held by LuxCo, a subsidiary of the company.

Proxy votes on the resolution will be available on the company’s website. This sale is part of a larger proposed transaction expected to be completed by December 31, 2024, with a provision allowing the buyer to delay completion for up to 20 business days if necessary.

The successful passing of this resolution now paves the way for a second EGM scheduled for January 15, 2025. At this meeting, the shareholders will vote on a special resolution to approve the summary winding-up of the company in accordance with Companies (Jersey) Law 1991.

The timeline leading to the second EGM includes some important dates, such as the suspension of the sale of the company’s shares on January 15, 2025, and the expected cancellation of the listing on January 16, 2025. The payment date for the third redemption, after summary winding-up, is expected to be on February 4, 2025, or as soon as possible thereafter.

Due to the approved transaction, Blackstone Loan Financing Limited will no longer publish its monthly Net Asset Value (NAV), including the NAV for November 30, 2024, which should be released today.

This development is an important step in the ongoing transformation of Blackstone Loan Financing Limited. Shareholders and interested parties are advised to visit the company’s website for more details and updates on the transaction and the upcoming EGM.

The information provided here is based on a press release statement from Blackstone Loan Financing Limited.

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