BSL Blackstone Senior Floating Rate 2027 Term Fund

Senior Securities [Table Text Block]

Blackstone Senior Floating Rate 2027 Term Fund

		Total Amount Outstanding		Asset Coverage Per $1,000		Involuntary Liquidating		Average Market Value
Year	Name of Loan	(in thousands)		of Indebtedness		Preference Per Unit⁽¹⁾		Per Unit⁽²⁾
2012	Preferred Shares	$	48,000	$	3,036	$	1,000		–
2012	Senior Securities	$	96,000	$	4,057		–		–
2013	Preferred Shares	$	48,000	$	3,035	$	1,000		–
2013	Senior Securities	$	96,000	$	4,556		–		–
2014	Revolving Credit Facility	$	133,000	$	3,069		–		–
2015	Revolving Credit Facility	$	119,500	$	3,032		–		–
2016	Revolving Credit Facility	$	131,000	$	3,047		–		–
2017	Revolving Credit Facility	$	132,000	$	3,030		–		–
2018	Revolving Credit Facility	$	124,000	$	3,029		–		–
2019	Revolving Credit Facility	$	123,500	$	3,031		–		–
2020	Revolving Credit Facility	$	100,000	$	3,153		–		–
2021	Revolving Credit Facility	$	105,500	$	3,079		–		–
2022	Revolving Credit Facility	$	85,000	$	3,143		–		–
2023	Revolving Credit Facility	$	89,600	$	3,124		–		–
2024	Revolving Credit Facility	$	90,600	$	3,111		–		–

⁽¹⁾

⁽²⁾

Not applicable, as senior securities are not registered for public trading.

Investment Objectives and Practices [Text Block]

INVESTMENT OBJECTIVES

BSL

The Fund’s 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.

There can be no assurance that the Funds will achieve their investment objectives.

There have been no changes in the Funds’ investment objectives since the prior disclosure date.

INVESTMENT STRATEGIES

There have been no changes in the Funds’ Investment Strategies since the prior disclosure date.

BSL

Risk Factors [Table Text Block]

RISKS APPLICABLE TO EACH FUND

Investment and Market Risk

Below Investment Grade, or High Yield, Instruments Risk

“Covenant-lite” Obligations Risk

Valuation Risk

Swap Risk

Credit Risk

Interest Rate Risk (updated since the prior disclosure date for the Funds)

Systematic Strategies Related to Bond Investments Risk

LIBOR Risk (removed since the prior disclosure date for the Funds)

Force Majeure Risk

Epidemic and Pandemic Risk (updated since the prior disclosure date for the Funds)

Market Disruption and Geopolitical Risk

Lender Liability Risk

Counterparty Risk

Potential Conflicts of Interest Risk (updated since the prior disclosure date for the Funds)

Limitations on Transactions with Affiliates Risk

Dependence on Key Personnel Risk (updated since the prior disclosure date for the Funds)

Prepayment Risk

UK Exit from the EU (removed since the prior disclosure date for the Funds)

Repurchase Agreements Risk

Reverse Repurchase Agreements Risk

Investments in Equity Securities or Warrants Incidental to Investments in Fixed Income Instruments

Inflation/Deflation Risk

U.S. Government Debt Securities Risk (updated since the prior disclosure date for the Funds)

Cyber-Security Risk and Identity Theft Risks (updated since the prior disclosure date for the Funds)

Portfolio Turnover Risk

Government Intervention in the Financial Markets

Inflation Risk (updated since the prior disclosure date for the Funds)

Regulatory Risk (updated since the prior disclosure date for the Funds)

FUND SPECIFIC RISKS

BSL

Derivatives Risk

●

Duration Mismatch Risk. The duration of a derivative instrument may be significantly different than the duration of the related liability or asset.

●

Counterparty Risk. Derivative instruments also involve exposure to counterparty risk, since contract performance depends in part on the financial condition of the counterparty.

Senior Loans Risk

Subordinated Loans Risk

Structured Products Risk

CLO Risk

Liquidity Risk

Leverage Risk

There is no assurance that a leveraging strategy will be successful. Leverage involves risks and special considerations for common shareholders, including:

●

the likelihood of greater volatility of net asset value, market price and dividend rate of the common shares than a comparable portfolio without leverage;

●

leverage may increase expenses, which may reduce total return.

If the Fund issues preferred shares and/or notes or borrows money the Fund will be required to maintain asset coverage in conformity with the requirements of the 1940 Act.

Foreign Currency Risk

Share Price [Table Text Block]

Blackstone Senior Floating Rate 2027 Term Fund

	Quarterly Closing
	Sale Price				Quarter-End Closing
							Net Asset		Premium/
							Value Per		(Discount) of
							Share of		Quarter-End
					Sale		Common		Sale Price
	High		Low		Price		Shares⁽¹⁾		to NAV⁽²⁾
Fiscal Year 2019
March 29, 2019		16.94		15.33		16.42		16.82		(2.4	)%
June 28, 2019		17.01		16.47		16.88		16.73		0.9	%
September 30, 2019		17.58		16.27		16.92		16.53		2.4	%
December 31, 2019		16.81		15.72		16.15		16.42		(1.6	)%
Fiscal Year 2020
March 31, 2020		16.36		9.43		11.74		12.61		(6.9	)%
June 30, 2020		13.29		10.64		12.86		14.47		(11.1	)%
September 30, 2020		13.96		12.65		13.76		15.25		(9.8	)%
December 31, 2020		14.43		13.15		14.22		15.87		(10.4	)%
Fiscal Year 2021
March 31, 2021		15.67		14.12		15.56		16.28		(4.4	)%
June 30, 2021		16.93		15.40		16.35		16.52		(1.0	)%
September 30, 2021		16.68		15.83		16.42		16.53		(0.7	)%
December 31, 2021		17.53		16.15		17.01		16.22		4.9	%
Fiscal Year 2022
March 31, 2022		17.12		14.22		15.28		15.87		(3.7	)%
June 30, 2022		15.82		13.13		13.30		14.32		(7.1	)%
September 30, 2022		14.13		12.50		12.56		13.97		(10.1	)%
December 30, 2022		13.02		12.24		12.43		14.00		(11.2	)%
Fiscal Year 2023
March 31, 2023		12.82		12.64		12.68		14.19		(10.68	)%
June 30, 2023		12.89		12.75		12.82		14.35		(10.66	)%
September 29, 2023		13.34		13.22		13.25		14.62		(9.37	)%
December 29, 2023		13.41		13.33		13.35		14.63		(8.75	)%
Fiscal Year 2024
March 28, 2024		14.35		14.29		14.33		14.87		(3.63	)%
June 28, 2024		14.18		14.01		14.01		14.80		(5.34	)%
September 30, 2024		14.13		14.04		14.12		14.78		(4.47	)%
December 31, 2024		14.55		14.28		14.34		14.69		(2.38	)%

⁽¹⁾

⁽²⁾

Calculated as of the quarter-end by dividing quarter-end closing sales price by the quarter-end NAV, minus 1.

Investment and Market Risk [Member]

Below Investment Grade, or High Yield, Instruments Risk [Member]

Investment and Market Risk

“Covenant-lite” Obligations Risk [Member]

Below Investment Grade, or High Yield, Instruments Risk

“Covenant-lite” Obligations Risk

Valuation Risk [Member]

Valuation Risk

Swap Risk [Member]

Swap Risk

Credit Risk [Member]

Interests Rate Risk [Member]

Credit Risk

Systematic Strategies Related to Bond Investments Risk [Member]

Interest Rate Risk (updated since the prior disclosure date for the Funds)

Force Majeure Risk [Member]

Systematic Strategies Related to Bond Investments Risk

Epidemic and Pandemic Risk [Member]

Force Majeure Risk

Market Disruption and Geopolitical Risk [Member]

Epidemic and Pandemic Risk (updated since the prior disclosure date for the Funds)

Lender Liability Risk [Member]

Market Disruption and Geopolitical Risk

Counterparty Risk [Member]

Lender Liability Risk

Potential Conflicts of Interest Risk [Member]

Counterparty Risk

Limitations on Transactions with Affiliates Risk [Member]

Potential Conflicts of Interest Risk (updated since the prior disclosure date for the Funds)

Dependence on Key Personnel Risk [Member]

Limitations on Transactions with Affiliates Risk

Prepayments Risk [Member]

Dependence on Key Personnel Risk (updated since the prior disclosure date for the Funds)

Repurchase Agreements Risk [Member]

Prepayment Risk

Reverse Repurchase Agreements Risk [Member]

Repurchase Agreements Risk

Investments in Equity Securities or Warrants Incidental to Investments in Fixed Income Instruments [Member]

Reverse Repurchase Agreements Risk

Inflation/Deflation Risk [Member]

Investments in Equity Securities or Warrants Incidental to Investments in Fixed Income Instruments

U.S. Government Debt Securities Risk [Member]

Inflation/Deflation Risk

Cyber-Security Risk and Identity Theft Risks [Member]

U.S. Government Debt Securities Risk (updated since the prior disclosure date for the Funds)

Portfolio Turnover Risk [Member]

Cyber-Security Risk and Identity Theft Risks (updated since the prior disclosure date for the Funds)

Government Intervention in the Financial Markets [Member]

Portfolio Turnover Risk

Government Intervention in the Financial Markets

Inflation Risk [Member]

Inflation Risk (updated since the prior disclosure date for the Funds)

Regulatory Risk [Member]

Derivatives Risk [Member]

Regulatory Risk (updated since the prior disclosure date for the Funds)

Senior Loans Risk [Member]

Derivatives Risk

●

Duration Mismatch Risk. The duration of a derivative instrument may be significantly different than the duration of the related liability or asset.

●

Counterparty Risk. Derivative instruments also involve exposure to counterparty risk, since contract performance depends in part on the financial condition of the counterparty.

Subordinated Loans Risk [Member]

Senior Loans Risk

Structured Products Risk [Member]

Subordinated Loans Risk

Structured Products Risk

CLO Risk [Member]

CLO Risk

Liquidity Risk [Member]

Liquidity Risk

Leverage Risk [Member]

Foreign Currency Risk [Member]

Leverage Risk

There is no assurance that a leveraging strategy will be successful. Leverage involves risks and special considerations for common shareholders, including:

●

the likelihood of greater volatility of net asset value, market price and dividend rate of the common shares than a comparable portfolio without leverage;

●

leverage may increase expenses, which may reduce total return.

If the Fund issues preferred shares and/or notes or borrows money the Fund will be required to maintain asset coverage in conformity with the requirements of the 1940 Act.

Foreign Currency Risk

Common Shares [Member]

Latest Premium (Discount) to NAV [Percent]

Lowest Price or Bid

$ 14.28

$ 14.04

$ 14.01

$ 14.29

$ 13.33

$ 13.22

$ 12.75

$ 12.64

$ 12.24

$ 12.50

$ 13.13

$ 14.22

$ 16.15

$ 15.83

$ 15.40

$ 14.12

$ 13.15

$ 12.65

$ 10.64

$ 9.43

$ 15.72

$ 16.27

$ 16.47

$ 15.33

Highest Price or Bid

14.55

14.13

14.18

14.35

13.41

13.34

12.89

12.82

13.02

14.13

15.82

17.12

17.53

16.68

16.93

15.67

14.43

13.96

13.29

16.36

16.81

17.58

17.01

16.94

Share Price

14.34

14.12

14.01

14.33

13.35

13.25

12.82

12.68

12.43

12.56

13.30

15.28

17.01

16.42

16.35

15.56

14.22

13.76

12.86

11.74

16.15

16.92

16.88

16.42

$ 14.34

$ 17.01

$ 14.22

$ 16.15

NAV Per Share

^[5]

$ 14.69

$ 14.78

$ 14.80

$ 14.87

$ 14.63

$ 14.62

$ 14.35

$ 14.19

$ 14.00

$ 13.97

$ 14.32

$ 15.87

$ 16.22

$ 16.53

$ 16.52

$ 16.28

$ 15.87

$ 15.25

$ 14.47

$ 12.61

$ 16.42

$ 16.53

$ 16.73

$ 16.82

$ 14.69

$ 16.22

$ 15.87

$ 16.42

^[6]

(2.38%)

(4.47%)

(5.34%)

(3.63%)

(8.75%)

(9.37%)

(10.66%)

(10.68%)

(11.20%)

(10.10%)

(7.10%)

(3.70%)

4.90%

(0.70%)

(1.00%)

(4.40%)

(10.40%)

(9.80%)

(11.10%)

(6.90%)

(1.60%)

2.40%

0.90%

(2.40%)

Capital Stock, Long-Term Debt, and Other Securities [Abstract]

Outstanding Security, Title [Text Block]

COMMON SHARES

Outstanding Security, Authorized [Shares]

12,708,275

Preferred Shares [Member]

Senior Securities Coverage per Unit

Senior Securities Amount

$ 48,000

$ 3,035

$ 3,036

Preferred Stock Liquidating Preference

^[7]

1,000

Senior Securities Average Market Value per Unit

^[8]

Senior Securities [Member]

Senior Securities Coverage per Unit

Senior Securities Amount

$ 96,000

$ 4,556

$ 4,057

Preferred Stock Liquidating Preference

^[7]

Senior Securities Average Market Value per Unit

^[8]

Revolving Credits Facility [Member]