<SEC-DOCUMENT>0001486298-16-000007.txt : 20160229
<SEC-HEADER>0001486298-16-000007.hdr.sgml : 20160229
<ACCEPTANCE-DATETIME>20160229112539
ACCESSION NUMBER:		0001486298-16-000007
CONFORMED SUBMISSION TYPE:	NSAR-B
PUBLIC DOCUMENT COUNT:		4
CONFORMED PERIOD OF REPORT:	20151231
FILED AS OF DATE:		20160229
DATE AS OF CHANGE:		20160229
EFFECTIVENESS DATE:		20160229

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Blackstone / GSO Senior Floating Rate Term Fund
		CENTRAL INDEX KEY:			0001486298
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE

	FILING VALUES:
		FORM TYPE:		NSAR-B
		SEC ACT:		1940 Act
		SEC FILE NUMBER:	811-22393
		FILM NUMBER:		161465597

	BUSINESS ADDRESS:	
		STREET 1:		C/O GSO CAPITAL PARTNERS LP
		STREET 2:		345 PARK AVE.
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10154
		BUSINESS PHONE:		212-503-2100

	MAIL ADDRESS:	
		STREET 1:		C/O GSO CAPITAL PARTNERS LP
		STREET 2:		345 PARK AVE.
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10154
</SEC-HEADER>
<DOCUMENT>
<TYPE>NSAR-B
<SEQUENCE>1
<FILENAME>BlackstoneSFRTFundBSLBFinal.fil
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SIGNATURE   ERIC ROSENBERG
TITLE       TREASURER

</TEXT>
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<DOCUMENT>
<TYPE>EX-99.77B ACCT LTTR
<SEQUENCE>2
<FILENAME>exhibit77b_blackstonegsoseni.htm
<TEXT>
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<HTML>
<HEAD>
<TITLE>Converted by EDGARwiz</TITLE>
<META NAME="author" CONTENT="Stacey R. Wilson (Open)">
<META NAME="date" CONTENT="2016-02-25T20:44:00Z">
</HEAD>
<BODY style="margin-top:0;font-family:'Times New Roman'; font-size:10pt; color:#000000">
<DIV style="width:624px"><P style="margin-top:0px; margin-bottom:6.667px; font-family:'Arial'"><B>REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM</B></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; font-family:'Arial'; font-size:9pt">To the Shareholders and Board of Trustees of Blackstone / GSO Senior Floating Rate Term Fund:</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; font-family:'Arial'; font-size:9pt">In planning and performing our audits of the financial statements of Blackstone / GSO Senior Floating Rate Term Fund (the <font style="font-family:'Arial Unicode MS,Arial'">&#8220;</font>Fund<font style="font-family:'Arial Unicode MS,Arial'">&#8221;</font>), as of and for the year ended December 31, 2015, in accordance with the standards of the Public Company Accounting Oversight Board (United States), we considered the Fund's internal control over financial reporting, including control over safeguarding securities, as a basis for designing our auditing procedures for the purpose of expressing our opinion on the financial statements and to comply with the requirements of Form N-SAR, but not for the purpose of expressing an opinion on the effectiveness of the Fund<font style="font-family:'Arial Unicode MS,Arial'">&#8217;</font>s internal control over financial reporting. Accordingly, we express no such opinion.</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; font-family:'Arial'; font-size:9pt">The management of the Fund is responsible for establishing and maintaining effective internal control over financial reporting. In fulfilling this responsibility, estimates and judgments by management are required to assess the expected benefits and related costs of controls. A company's internal control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles. A company's internal control over financial reporting includes those policies and procedures that (1) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the company; (2) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with generally accepted accounting principles, and that receipts and expenditures of the company are being made only in accordance with authorizations of management and directors of the company; and (3) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use, or disposition of a company's assets that could have a material effect on the financial statements.</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; font-family:'Arial'; font-size:9pt">Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; font-family:'Arial'; font-size:9pt">A deficiency in internal control over financial reporting exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent or detect misstatements on a timely basis. A material weakness is a deficiency, or a combination of deficiencies, in internal control over financial reporting, such that there is a reasonable possibility that a material misstatement of the company's annual or interim financial statements will not be prevented or detected on a timely basis.</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; font-family:'Arial'; font-size:9pt">Our consideration of the Fund<font style="font-family:'Arial Unicode MS,Arial'">&#8217;</font>s internal control over financial reporting was for the limited purpose described in the first paragraph and would not necessarily disclose all deficiencies in internal control that might be material weaknesses under standards established by the Public Company Accounting Oversight Board (United States). However, we noted no deficiencies in the Fund<font style="font-family:'Arial Unicode MS,Arial'">&#8217;</font>s internal control over financial reporting and its operation, including controls for safeguarding securities, that we consider to be a material weakness, as defined above, as of December 31, 2015. </P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; font-family:'Arial'; font-size:9pt">This report is intended solely for the information and use of management and the Board of Trustees of Blackstone / GSO Senior Floating Rate Term Fund and the Securities and Exchange Commission and is not intended to be and should not be used by anyone other than these specified parties.</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; font-family:'Arial'; font-size:9pt">/s/DELOITTE &amp; TOUCHE LLP</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; font-family:'Arial'; font-size:9pt">Denver, Colorado</P>
<P style="margin:0px; font-family:'Arial'; font-size:9pt">February 26, 2016</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR>
<BR></P>
</DIV></BODY>
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<DOCUMENT>
<TYPE>EX-99.77I NEW SECUR
<SEQUENCE>3
<FILENAME>exhibit77i_blackstonegsoseni.htm
<TEXT>
<!doctype html public "-//IETF//DTD HTML//EN">
<HTML>
<HEAD>
<TITLE>Converted by EDGARwiz</TITLE>
<META NAME="date" CONTENT="2015-10-01T20:49:00Z">
</HEAD>
<BODY style="margin-top:0;font-family:'Times New Roman'; font-size:10pt; color:#000000">
<DIV style="width:624px"><P style="margin-top:0px; margin-bottom:14.667px; font-size:11pt" align=right><B>EXECUTION VERSION</B></P>
<P style="margin:0px; font-size:12pt" align=center><B>AMENDMENT NO. 1 TO CREDIT AGREEMENT</B></P>
<P style="margin-top:17.467px; margin-bottom:16px; text-indent:48px; font-size:12pt" align=justify>AMENDMENT NO. 1 (this <font style="font-family:'Arial Unicode MS,Times New Roman'">&#8220;</font><U>Amendment</U><font style="font-family:'Arial Unicode MS,Times New Roman'">&#8221;</font>), dated as of October 7, 2015, to the Credit Agreement, dated as of October 8, 2014, between Blackstone / GSO Senior Floating Rate Term Fund, a Delaware statutory trust (the <font style="font-family:'Arial Unicode MS,Times New Roman'">&#8220;</font><U>Borrower</U><font style="font-family:'Arial Unicode MS,Times New Roman'">&#8221;</font>), and The Bank of Nova Scotia (the <font style="font-family:'Arial Unicode MS,Times New Roman'">&#8220;</font><U>Bank</U><font style="font-family:'Arial Unicode MS,Times New Roman'">&#8221;</font>) (as amended, supplemented or otherwise modified from time to time, the <font style="font-family:'Arial Unicode MS,Times New Roman'">&#8220;</font><U>Credit Agreement</U><font style="font-family:'Arial Unicode MS,Times New Roman'">&#8221;</font>).</P>
<P style="margin-top:0px; margin-bottom:16px; font-size:12pt" align=center><U>Recitals</U></P>
<P style="margin-top:0px; margin-bottom:-2px; text-indent:24px; width:48px; font-size:12pt; float:left">I.</P>
<P style="margin-top:0px; margin-bottom:17.467px; text-indent:-2px; font-size:12pt" align=justify>Each term that is defined in the Credit Agreement and not herein defined has the meaning ascribed thereto by the Credit Agreement when used herein.</P>
<P style="margin-top:0px; margin-bottom:-2px; text-indent:24px; width:48px; font-size:12pt; clear:left; float:left">II.</P>
<P style="margin-top:0px; margin-bottom:17.467px; text-indent:-2px; font-size:12pt" align=justify>The Borrower desires to amend the Credit Agreement and the Bank has agreed thereto, in each case upon the terms and conditions herein contained.</P>
<P style="margin-top:0px; margin-bottom:16px; font-size:12pt; clear:left" align=center><U>Agreements</U></P>
<P style="margin-top:0px; margin-bottom:16px; text-indent:48px; font-size:12pt" align=justify>Accordingly, in consideration of the Recitals and the covenants, conditions and agreements hereinafter set forth, and for other good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, the parties hereto agree as follows:</P>
<P style="margin-top:0px; margin-bottom:17.467px; padding-left:48px; font-size:11pt" align=justify>1. <FONT style="font-size:12pt">The defined term <font style="font-family:'Arial Unicode MS,Times New Roman'">&#8220;</font></FONT><FONT style="font-size:12pt"><U>Anti-Terrorism Law</U></FONT><FONT style="font-size:12pt"><font style="font-family:'Arial Unicode MS,Times New Roman'">&#8221;</font> contained in </FONT><FONT style="font-size:12pt"><U>Section 1.1</U></FONT><FONT style="font-size:12pt"> of the Credit Agreement is hereby amended by </FONT><FONT style="font-size:12pt">&nbsp;deleting the phrase <font style="font-family:'Arial Unicode MS,Times New Roman'">&#8220;</font>, </FONT><FONT style="font-size:12pt">the International Economic Emergency Powers Act (15 </FONT><FONT style="font-size:12pt">U.S.C</FONT><FONT style="font-size:12pt">. &#167; 1701 et seq.),<font style="font-family:'Arial Unicode MS,Times New Roman'">&#8221;</font> contained in clause (c) thereof, </FONT><FONT style="font-size:12pt">&nbsp;removing <font style="font-family:'Arial Unicode MS,Times New Roman'">&#8220;</font>and<font style="font-family:'Arial Unicode MS,Times New Roman'">&#8221;</font> from immediately before clause (d), and (c) adding the following immediately before the period at the end thereof: <font style="font-family:'Arial Unicode MS,Times New Roman'">&#8220;</font>, and (e) the International Economic Emergency Powers Act (15 </FONT><FONT style="font-size:12pt">U.S.C</FONT><FONT style="font-size:12pt">. &#167; 1701 et seq.)<font style="font-family:'Arial Unicode MS,Times New Roman'">&#8221;</font>.</FONT></P>
<P style="margin-top:0px; margin-bottom:17.467px; padding-left:48px; font-size:11pt" align=justify>2. <FONT style="font-size:12pt">The defined term <font style="font-family:'Arial Unicode MS,Times New Roman'">&#8220;</font></FONT><FONT style="font-size:12pt"><U>Applicable Rate</U></FONT><FONT style="font-size:12pt"><font style="font-family:'Arial Unicode MS,Times New Roman'">&#8221;</font> contained in </FONT><FONT style="font-size:12pt"><U>Section 1.1</U></FONT><FONT style="font-size:12pt"> of the Credit Agreement is hereby amended by replacing the percentage <font style="font-family:'Arial Unicode MS,Times New Roman'">&#8220;</font>0.70%<font style="font-family:'Arial Unicode MS,Times New Roman'">&#8221;</font> contained therein with the percentage <font style="font-family:'Arial Unicode MS,Times New Roman'">&#8220;</font>0.75%<font style="font-family:'Arial Unicode MS,Times New Roman'">&#8221;</font>.</FONT></P>
<P style="margin-top:0px; margin-bottom:17.467px; padding-left:48px; font-size:11pt" align=justify>3. <FONT style="font-size:12pt">The defined term <font style="font-family:'Arial Unicode MS,Times New Roman'">&#8220;</font></FONT><FONT style="font-size:12pt"><U>Federal Funds Effective Rate</U></FONT><FONT style="font-size:12pt"><font style="font-family:'Arial Unicode MS,Times New Roman'">&#8221;</font> contained in </FONT><FONT style="font-size:12pt"><U>Section 1.1</U></FONT><FONT style="font-size:12pt"> of the Credit Agreement is hereby amended by inserting the phrase <font style="font-family:'Arial Unicode MS,Times New Roman'">&#8220;</font>the higher of (</FONT><FONT style="font-size:12pt">i</FONT><FONT style="font-size:12pt">) 0.0% and (ii)<font style="font-family:'Arial Unicode MS,Times New Roman'">&#8221;</font> immediately after the phrase <font style="font-family:'Arial Unicode MS,Times New Roman'">&#8220;</font>for any day,<font style="font-family:'Arial Unicode MS,Times New Roman'">&#8221;</font>.</FONT></P>
<P style="margin-top:0px; margin-bottom:17.467px; padding-left:48px; font-size:11pt" align=justify>4. <FONT style="font-size:12pt">The defined term <font style="font-family:'Arial Unicode MS,Times New Roman'">&#8220;</font></FONT><FONT style="font-size:12pt"><U>LIBO</U></FONT><FONT style="font-size:12pt"><U> Rate</U></FONT><FONT style="font-size:12pt"><font style="font-family:'Arial Unicode MS,Times New Roman'">&#8221;</font> contained in </FONT><FONT style="font-size:12pt"><U>Section 1.1</U></FONT><FONT style="font-size:12pt"> of the Credit Agreement is hereby amended by inserting the phrase <font style="font-family:'Arial Unicode MS,Times New Roman'">&#8220;</font>the higher of (</FONT><FONT style="font-size:12pt">i</FONT><FONT style="font-size:12pt">) 0.0% and (ii)<font style="font-family:'Arial Unicode MS,Times New Roman'">&#8221;</font> immediately after the phrase <font style="font-family:'Arial Unicode MS,Times New Roman'">&#8220;</font>for any Interest Period,<font style="font-family:'Arial Unicode MS,Times New Roman'">&#8221;</font>.</FONT></P>
<P style="margin-top:0px; margin-bottom:17.467px; padding-left:48px; font-size:11pt" align=justify>5. <FONT style="font-size:12pt">The defined term <font style="font-family:'Arial Unicode MS,Times New Roman'">&#8220;</font></FONT><FONT style="font-size:12pt"><U>Overnight Eurodollar Rate</U></FONT><FONT style="font-size:12pt"><font style="font-family:'Arial Unicode MS,Times New Roman'">&#8221;</font> contained in </FONT><FONT style="font-size:12pt"><U>Section 1.1</U></FONT><FONT style="font-size:12pt"> of the Credit Agreement is hereby amended by replacing the phrase <font style="font-family:'Arial Unicode MS,Times New Roman'">&#8220;</font>as of any date,<font style="font-family:'Arial Unicode MS,Times New Roman'">&#8221;</font> contained therein with the phrase <font style="font-family:'Arial Unicode MS,Times New Roman'">&#8220;</font>as of any date, the higher of (</FONT><FONT style="font-size:12pt">i</FONT><FONT style="font-size:12pt">) 0.0% and (ii)<font style="font-family:'Arial Unicode MS,Times New Roman'">&#8221;</font>.</FONT></P>
<P style="margin-top:0px; margin-bottom:17.467px; padding-left:48px; font-size:11pt" align=justify>6. <FONT style="font-size:12pt">The defined term <font style="font-family:'Arial Unicode MS,Times New Roman'">&#8220;</font></FONT><FONT style="font-size:12pt"><U>Sanctioned Jurisdiction</U></FONT><FONT style="font-size:12pt"><font style="font-family:'Arial Unicode MS,Times New Roman'">&#8221;</font> contained in </FONT><FONT style="font-size:12pt"><U>Section 1.1</U></FONT><FONT style="font-size:12pt"> of the Credit Agreement is hereby amended by replacing the term <font style="font-family:'Arial Unicode MS,Times New Roman'">&#8220;</font>country</FONT><FONT style="font-size:12pt">based<font style="font-family:'Arial Unicode MS,Times New Roman'">&#8221;</font> with <font style="font-family:'Arial Unicode MS,Times New Roman'">&#8220;</font>country</FONT><FONT style="font-size:12pt">based or regional</FONT><FONT style="font-size:12pt">based<font style="font-family:'Arial Unicode MS,Times New Roman'">&#8221;</font>.</FONT></P>
<P style="margin-top:0px; margin-bottom:17.467px; padding-left:48px; font-size:11pt" align=justify>7. </P>
<P style="margin-top:0px; margin-bottom:17.467px" align=justify><BR>
<BR></P>
<P style="margin-top:20px; margin-bottom:14.533px" align=center>Blackstone / GSO Senior Floating Rate Term Fund - Amendment No. 1</P>
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<P style="margin-top:0px; margin-bottom:17.467px; padding-left:48px; font-size:12pt" align=justify>The defined term <font style="font-family:'Arial Unicode MS,Times New Roman'">&#8220;</font><U>Scheduled Commitment Termination Date</U><font style="font-family:'Arial Unicode MS,Times New Roman'">&#8221;</font> contained in <U>Section 1.1</U> of the Credit Agreement is hereby amended by replacing the date <font style="font-family:'Arial Unicode MS,Times New Roman'">&#8220;</font>October 7, 2015<font style="font-family:'Arial Unicode MS,Times New Roman'">&#8221;</font> contained therein with the date <font style="font-family:'Arial Unicode MS,Times New Roman'">&#8220;</font>October 5, 2016<font style="font-family:'Arial Unicode MS,Times New Roman'">&#8221;</font>.</P>
<P style="margin-top:0px; margin-bottom:17.467px; padding-left:48px; font-size:11pt" align=justify>8. <FONT style="font-size:12pt"><U>Section 4.15(a)</U></FONT><FONT style="font-size:12pt"> of the Credit Agreement is hereby amended by </FONT><FONT style="font-size:12pt">&nbsp;inserting <font style="font-family:'Arial Unicode MS,Times New Roman'">&#8220;</font>,&#160;region<font style="font-family:'Arial Unicode MS,Times New Roman'">&#8221;</font> immediately after the word <font style="font-family:'Arial Unicode MS,Times New Roman'">&#8220;</font>country<font style="font-family:'Arial Unicode MS,Times New Roman'">&#8221;</font> appearing therein, and </FONT><FONT style="font-size:12pt">&nbsp;replacing the phrase <font style="font-family:'Arial Unicode MS,Times New Roman'">&#8220;</font>Sudan and<font style="font-family:'Arial Unicode MS,Times New Roman'">&#8221;</font> contained therein with the phrase <font style="font-family:'Arial Unicode MS,Times New Roman'">&#8220;</font>Sudan, Crimea and<font style="font-family:'Arial Unicode MS,Times New Roman'">&#8221;</font>.</FONT></P>
<P style="margin-top:0px; margin-bottom:17.467px; padding-left:48px; font-size:11pt" align=justify>9. <FONT style="font-size:12pt"><U>Section 7.9(a)</U></FONT><FONT style="font-size:12pt"> of the Credit Agreement is hereby amended by &nbsp;replacing the phrase <font style="font-family:'Arial Unicode MS,Times New Roman'">&#8220;</font>any country or<font style="font-family:'Arial Unicode MS,Times New Roman'">&#8221;</font> contained therein with the phrase <font style="font-family:'Arial Unicode MS,Times New Roman'">&#8220;</font>any country, region or<font style="font-family:'Arial Unicode MS,Times New Roman'">&#8221;</font>.</FONT></P>
<P style="margin-top:0px; margin-bottom:17.467px; padding-left:48px; font-size:11pt" align=justify>10. <FONT style="font-size:12pt">Paragraphs 1 through 9 of this Amendment shall not be effective until the earliest date upon which each of the following conditions shall be satisfied (the <font style="font-family:'Arial Unicode MS,Times New Roman'">&#8220;</font></FONT><FONT style="font-size:12pt"><U>Amendment Effective Date</U></FONT><FONT style="font-size:12pt"><font style="font-family:'Arial Unicode MS,Times New Roman'">&#8221;</font>):</FONT></P>
<P style="margin-top:0px; margin-bottom:17.467px; padding-left:48px; padding-right:48px; font-size:11pt" align=justify>(a) <FONT style="font-size:12pt">the Bank shall have received from the Borrower either (</FONT><FONT style="font-size:12pt">i</FONT><FONT style="font-size:12pt">) a counterpart of this Amendment executed on behalf of the Borrower or (ii) written evidence satisfactory to the Bank (which may include facsimile or electronic mail transmission (in printable format) of a signed signature page of this Amendment) that the Borrower has executed a counterpart of this Amendment;</FONT></P>
<P style="margin-top:0px; margin-bottom:17.467px; padding-left:48px; padding-right:48px; font-size:11pt" align=justify>(b) <FONT style="font-size:12pt">the Bank shall have received a certificate, dated the Amendment Effective Date, from the Secretary of the Borrower (or such other duly authorized representative thereof as shall be acceptable to the Bank), in all respects satisfactory to the Bank </FONT><FONT style="font-size:12pt">&nbsp;certifying as to the incumbency of authorized persons of the Borrower executing this Amendment, </FONT><FONT style="font-size:12pt">&nbsp;attaching true, complete and correct copies of the resolutions duly adopted by the Board approving this Amendment and the transactions contemplated hereby, all of which are in full force and effect on the date thereof, and </FONT><FONT style="font-size:12pt">&nbsp;certifying that none of the Borrower<font style="font-family:'Arial Unicode MS,Times New Roman'">&#8217;</font>s Organization Documents have been amended, supplemented or otherwise modified since October 8, 2014 or, if so, attaching true, complete and correct copies of any such amendment, supplement or modification;</FONT></P>
<P style="margin-top:0px; margin-bottom:17.467px; padding-left:48px; padding-right:48px; font-size:11pt" align=justify>(c) <FONT style="font-size:12pt">the Bank shall have received favorable written opinions from (</FONT><FONT style="font-size:12pt">i</FONT><FONT style="font-size:12pt">) Simpson Thacher &amp; Bartlett LLP and (ii) Richards, Layton &amp; Finger, P.A., each in form and substance reasonably acceptable to the Bank; and</FONT></P>
<P style="margin-top:0px; margin-bottom:17.467px; padding-left:48px; padding-right:48px; font-size:11pt" align=justify>(d) <FONT style="font-size:12pt">all out-of-pocket costs and expenses of the Bank (including the reasonable fees and disbursements of counsel to the Bank) due and payable in connection with the preparation, negotiation, execution and delivery of this Amendment on or prior to the Amendment Effective Date and invoiced in reasonable detail shall have been paid</FONT><FONT style="font-size:12pt">.</FONT></P>
<P style="margin-top:0px; margin-bottom:17.467px; padding-left:48px; font-size:11pt" align=justify>11. <FONT style="font-size:12pt">The Borrower </FONT><FONT style="font-size:12pt">&nbsp;reaffirms the enforceability of each Loan Document to which it is a party and all of its obligations thereunder and, except as such enforceability may be limited by applicable bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium or other similar laws affecting the enforcement of creditors<font style="font-family:'Arial Unicode MS,Times New Roman'">&#8217;</font> rights generally and by equitable </FONT></P>
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<P style="margin-top:0px; margin-bottom:17.467px; padding-left:48px; font-size:12pt" align=justify>principles (whether enforcement is sought by proceedings in equity or law), &nbsp;agrees and admits that as of the date of execution and delivery hereof by the Borrower, &nbsp;it has no defense to any such obligation, and &nbsp;it shall not exercise any setoff or offset to any such obligation, and &nbsp;represents and warrants that, as of the date of execution and delivery hereof by the Borrower, &nbsp;no Default has occurred and is continuing, and &nbsp;the representations and warranties of the Borrower contained in the Credit Agreement and the other Loan Documents to which it is a party are true on and as of the Amendment Effective Date with the same force and effect as if made on and as of such date (or, if any such representation or warranty is expressly stated to have been made as of a specific date, as of such specific date).</P>
<P style="margin-top:0px; margin-bottom:17.467px; padding-left:48px; font-size:11pt" align=justify>12. <FONT style="font-size:12pt">In all other respects, the Loan Documents shall remain in full force and effect, and no amendment in respect of any term or condition of any Loan Document shall be deemed to be an amendment in respect of any other term or condition contained in any Loan Document.</FONT></P>
<P style="margin-top:0px; margin-bottom:17.467px; padding-left:48px; font-size:11pt" align=justify>13. <FONT style="font-size:12pt">This Amendment may be executed in any number of counterparts, all of which when taken together shall constitute a single contract. &nbsp;It shall not be necessary in making proof of this Amendment to produce or account for more than one counterpart executed and delivered (including by facsimile, or by e</FONT><FONT style="font-size:12pt">mail transmission of a signed signature page of this Amendment) by the party to be charged.</FONT></P>
<P style="line-height:10.8pt; margin-top:0px; margin-bottom:17.467px; padding-left:48px; font-size:11pt" align=justify>14. <FONT style="font-size:12pt">THIS AMENDMENT SHALL BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE LAW OF THE STATE OF NEW YORK.</FONT></P>
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<P style="margin-top:0px; margin-bottom:16px; text-indent:48px; font-size:12pt" align=justify>IN WITNESS WHEREOF, each party hereto has caused this Amendment No. 1 to be executed by its duly authorized representative as of the date first above written.</P>
<P style="margin-top:0px; margin-bottom:34.933px; padding-left:336px; padding-right:52px; font-size:12pt" align=justify><B>BLACKSTONE / GSO SENIOR FLOATING RATE TERM FUND</B></P>
<P style="margin:0px; padding-left:337.333px; padding-right:-36.467px; font-size:12pt" align=justify>By: <U>&nbsp;&nbsp;/s/ Marisa J. Beeney &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></P>
<P style="margin:0px; padding-left:337.333px; padding-right:-36.467px; font-size:12pt" align=justify>Name: &nbsp;Marisa J. Beeney</P>
<P style="margin-top:0px; margin-bottom:52.333px; padding-left:337.333px; padding-right:-36.467px; font-size:12pt" align=justify>Title: &nbsp;Chief Compliance Officer, Chief Legal Officer &amp; Secretary</P>
<P style="margin-top:0px; margin-bottom:34.933px; padding-left:360px; padding-right:52px; text-indent:-22.667px; font-size:12pt" align=justify><B>THE BANK OF NOVA SCOTIA</B></P>
<P style="margin:0px; padding-left:337.333px; padding-right:-36.467px; font-size:12pt" align=justify>By: <U>&nbsp;&nbsp;/s/ Eli Mou &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></P>
<P style="margin:0px; padding-left:337.333px; padding-right:-36.467px; font-size:12pt" align=justify>Name: &nbsp;Eli Mou</P>
<P style="margin-top:0px; margin-bottom:52.333px; padding-left:337.333px; padding-right:-36.467px; font-size:12pt" align=justify>Title: Director &amp; Execution Head</P>
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<P style="margin-top:0px; margin-bottom:14.533px" align=center>Blackstone / GSO Senior Floating Rate Term Fund - Amendment No. 1 Signature Page</P>
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<TYPE>EX-99.77Q2 ITEM 405
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<TITLE>Exhibit Q2(a)</TITLE>
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<DIV style="width:576px"><P style="line-height:14pt; margin:0px; font-size:12pt">Exhibit Q2(a)</P>
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<P style="line-height:14pt; margin:0px; font-size:12pt" align=justify>Section 16(a) of the 1934 Act and Section 30(h) of the 1940 Act, and the rules thereunder, require the Fund&#146;s officers, portfolio managers and Trustees, the Adviser, affiliated persons of the Adviser, and persons who beneficially own more than 10% of a registered class of a Fund&#146;s Shares to file reports of ownership and changes in ownership with the SEC and the NYSE and to furnish the Fund with copies of all Section 16(a) forms they file. &nbsp;Based solely on a review of the reports filed with the SEC and upon representations that no applicable Section 16(a) forms were required to be filed, the Fund believes that during fiscal year ended December 31, 2015, all Section 16(a) filing requirements applicable to the Fund&#146;s officers, Trustees and greater than 10% beneficial owners were complied with. However, a statement of initial beneficial ownership on From 3 for Mr. McKemie, a portfolio manager of the Fund, was not filed within 10 days following the day on which he became a reporting person of the Fund; and a statement of beneficial ownership on Form 4 for Mr. McKemie was not filed before the end of the second business day following the day on which a transaction resulting in a change of beneficial ownership was executed. The statement of initial beneficial ownership and statement of change of beneficial ownership of Mr. McKemie have since been filed.</P>
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