Davis Polk advised Wells Fargo Securities, LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated and UBS Securities LLC as representatives of the several underwriters on the $250 million SEC-registered initial public offering of 12,500,000 shares of common stock of Blackstone / GSO Long-Short Credit Income Fund. The shares are listed on the New York Stock Exchange under the symbol “BGX.”

Blackstone / GSO Long-Short Credit Income Fund is a newly organized, non-diversified, closed-end management investment company advised by GSO / Blackstone Debt Funds Management LLC, a wholly owned subsidiary of GSO Capital Partners LP.

The Davis Polk corporate team included partner Joseph A. Hall and associates John K. Doulamis, Erik Niit and Heng Gong (not yet admitted). Partner Mary Conway and associate Adam B. Perry (London office) provided tax advice. Counsel Susan Betteridge Baker provided Investment Company Act advice. Counsel Marcie A. Goldstein provided FINRA advice. Jack S. Keating was the legal assistant on the transaction. Except as noted above, all members of the Davis Polk team are based in the New York office.