Blackstone/GSO Senior Floating Rate Term Fund (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 seeks to provide a high level of current income with capital preservation through investments in senior secured floating rate loans. Under normal market conditions, the fund invests approximately 80% of its total assets in senior, secured floating rate loans (senior Loans). The Fund may also invest in second-lien loans and high yield bonds and employs financial leverage. The Fund invests in various sectors, including healthcare and pharmaceuticals; automotive; retail; beverage, food and tobacco; construction and building; banking, finance, insurance and real estate, and telecommunications. GSO/Blackstone Debt Funds Management LLC serves as an investment advisor for the Fund.