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Blackstone Senior Floating Rate Term Fund (Blackstone Senior Floating Rate Term Fund) Effective Interest Rate on Debt % : 6.76% (As of Dec. 2023)


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What is Blackstone Senior Floating Rate Term Fund Effective Interest Rate on Debt %?

Effective Interest Rate on Debt % is the usage rate that a borrower actually pays on a debt. It is calculated as the positive value of Interest Expense divided by its average total debt. Total debt equals to Long-Term Debt & Capital Lease Obligation plus Short-Term Debt & Capital Lease Obligation. Blackstone Senior Floating Rate Term Fund's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $5.77 Mil. Blackstone Senior Floating Rate Term Fund's average total debt for the quarter that ended in Dec. 2023 was $85.30 Mil. Therefore, Blackstone Senior Floating Rate Term Fund's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 6.76%.


Blackstone Senior Floating Rate Term Fund Effective Interest Rate on Debt % Historical Data

The historical data trend for Blackstone Senior Floating Rate Term Fund's Effective Interest Rate on Debt % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Blackstone Senior Floating Rate Term Fund Effective Interest Rate on Debt % Chart

Blackstone Senior Floating Rate Term Fund Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial 3.52 1.68 1.27 2.84 5.91

Blackstone Senior Floating Rate Term Fund Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Effective Interest Rate on Debt % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.23 1.61 4.23 5.48 6.76

Competitive Comparison of Blackstone Senior Floating Rate Term Fund's Effective Interest Rate on Debt %

For the Asset Management subindustry, Blackstone Senior Floating Rate Term Fund's Effective Interest Rate on Debt %, along with its competitors' market caps and Effective Interest Rate on Debt % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Blackstone Senior Floating Rate Term Fund's Effective Interest Rate on Debt % Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Blackstone Senior Floating Rate Term Fund's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Blackstone Senior Floating Rate Term Fund's Effective Interest Rate on Debt % falls into.



Blackstone Senior Floating Rate Term Fund Effective Interest Rate on Debt % Calculation

Blackstone Senior Floating Rate Term Fund's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Dec. 2022 )+Total Debt  (A: Dec. 2023 ))/ count )
=-1  *  -5.157/( (85.038+89.6)/ 2 )
=-1  *  -5.157/87.319
=5.91 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=85.038 + 0
=85.038

Blackstone Senior Floating Rate Term Fund's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Jun. 2023 )+Total Debt  (Q: Dec. 2023 ))/ count )
=-1  *  -5.768/( (81+89.6)/ 2 )
=-1  *  -5.768/85.3
=6.76 %

where

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

In the calculation of annual Effective Interest Rate on Debt %, the Interest Expense of the last fiscal year and the average total debt over the fiscal year are used. In calculating the quarterly data, the Interest Expense data used here is two times the semi-annual (Dec. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


Blackstone Senior Floating Rate Term Fund  (NYSE:BSL) Effective Interest Rate on Debt % Explanation

Effective Interest Rate on Debt % measures the usage rate that a borrower actually pays on a debt.


Blackstone Senior Floating Rate Term Fund Effective Interest Rate on Debt % Related Terms

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Blackstone Senior Floating Rate Term Fund (Blackstone Senior Floating Rate Term Fund) Business Description

Traded in Other Exchanges
N/A
Address
345 Park Avenue, 31st Floor, New York, NY, USA, 10154
Blackstone Senior Floating Rate Term Fund is a diversified, closed-end management investment company. Its primary investment objective is to seek high current income, with a secondary objective to seek preservation of capital, consistent with its primary goal of high current income. It also invests in second-lien loans and high yield bonds and employs financial leverage, which may increase the risk to the Fund.
Executives
Thomas W Jasper other: Trustee C/O PRIMUS ASSET MANAGEMENT, INC., 360 MADISON AVENUE, 23RD FLOOR, NEW YORK NY 10017
Gordon Mckemie other: Portfolio Manager C/O GSO CAPITAL PARTNERS LP, 345 PARK AVENUE, NEW YORK NY 10154
William J Renahan officer: Chief Compliance Officer 399 PARK AVENUE, 4TH FLOOR, NEW YORK NY 10022
Valerie Naratil officer: Public Relations Officer 345 PARK AVENUE, NEW YORK NY 10154
Gregory Roppa officer: CFO & Treasurer 601 LEXINGTON AVENUE, NEW YORK NY 10022
Jane Siebels director 345 PARK AVENUE, 31ST FLOOR, NEW YORK NY 10154
Robert Post other: Portfolio Manager C/O GSO/BLACKSTONE DEBT FUNDS MGMT, LLC, 345 PARK AVE 31ST FLOOR, NEW YORK NY 10154
Robert W Busch officer: CFO & Treasurer C/O HPS INVESTMENT PARTNERS, LLC, 40 WEST 57TH STREET, 33RD FLOOR, NEW YORK NY 10019
Robert Zable officer: See Remarks, other: See Remarks 1290 BROADWAY, SUITE 1100, DENVER CO 80203
Dohyun (doris) Lee-silvestri officer: Chief Financial Officer C/O HPS INVESTMENT PARTNERS, LLC, 40 WEST 57TH STREET, 33RD FLOOR, NEW YORK NY 10019
Jane Lee other: Mng Dir.of Investment Advisor 1290 BROADWAY, SUITE 1100 CO 80203
Smith Daniel Harlan Jr. officer: CEO, President, other: Trustee, Chairman 1290 BROADWAY, SUITE 1100, DENVER CO 80203
Marisa Janel Beeney officer: CCO, Chief Legal Officer,Sec. 1290 BROADWAY, SUITE 1100, DENVER CO 80203
Gary S Schpero other: Trustee 1290 BROADWAY, SUITE 1100, DENVER CO 80203
Lee Michael Shaiman officer: Exec. VP, Assistant Secretary C/O INVESTCORP CREDIT MANAGEMENT BDC INC, 280 PARK AVENUE, 39TH FLOOR, NEW YORK NY 10017

Blackstone Senior Floating Rate Term Fund (Blackstone Senior Floating Rate Term Fund) Headlines