NEW YORK, Dec. 10, 2020 /PRNewswire/ -- Blackstone
Liquid Credit Strategies LLC, formerly known as "GSO / Blackstone
Debt Funds Management LLC" and an affiliate of Blackstone
Alternative Credit Advisors LP, formerly known as "GSO Capital
Partners LP" (collectively, and together with their affiliates in
the credit-focused business of The Blackstone Group Inc.,
"Blackstone Credit"), announced name
changes for the three listed closed-end funds it advises. The name
changes are being made in connection with Blackstone Credit's recent name change from
"GSO", reflecting the business's longstanding integration with The
Blackstone Group, Inc. ("Blackstone") since Blackstone acquired GSO
in 2008. The business's team, process, and infrastructure remain
intact, with no operational changes due to the name change.
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Blackstone / GSO Senior Floating Rate Term Fund (NYSE: BSL),
Blackstone / GSO Long-Short Credit Income Fund (NYSE: BGX), and
Blackstone / GSO Strategic Credit Fund (NYSE: BGB) (each a "Fund"
and together the "Funds") are being renamed to "Blackstone Senior
Floating Rate Term Fund", "Blackstone Long-Short Credit Income
Fund", and "Blackstone Strategic Credit Fund", respectively,
effective December 10, 2020. No
change will be made to each Fund's investment objective and
strategy, or in Fund management. There will be no changes to the
Funds' ticker symbols on the New York Stock Exchange.
About Blackstone and Blackstone
Credit
Blackstone is one of the world's leading investment firms. We
seek to create positive economic impact and long-term value for our
investors, the companies we invest in, and the communities in which
we work. We do this by using extraordinary people and flexible
capital to help companies solve problems. Our asset management
businesses, with $584 billion in
assets under management, include investment vehicles focused on
private equity, real estate, public debt and equity, growth equity,
opportunistic, non-investment grade credit, real assets and
secondary funds, all on a global basis.
Blackstone Credit is one of the
world's largest credit-focused asset managers, with $135 billion in AUM. We seek to generate
attractive risk-adjusted returns for our clients by investing
across the entire corporate credit market, from public debt to
private loans. Our capital supports a wide range of companies
across sectors and geographies, enabling businesses to expand,
invest, and navigate changing market environments.
Investors wishing to buy or sell shares need to place orders
through an intermediary or broker.
Contact the Funds at 1 (877) 299-1588 or visit the Funds'
website at www.blackstone-credit.com for additional
information.
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SOURCE Blackstone