Blackstone Senior Floating Rate Term Fund, formerly Blackstone / GSO Senior Floating Rate Term Fund (the Fund), is a diversified, closed-end management investment company. 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. The Fund invests primarily in a diversified portfolio or loans and other fixed income instruments, including first- and second-lien loans and high yield corporate bonds of varying maturities. Under normal market conditions, the Fund invests at least 80% of its Managed Assets in senior, secured floating rate loans (Senior Loans). The Fund invests in various sectors, including electronics/electric, business equipment and services, healthcare, building and development, and chemical & plastics. GSO / Blackstone Debt Funds Management LLC serves as an investment advisor for the Fund.