Company: BXSL
Filing Date: 2025-07-11
Form Type: 424B2
Source: 0001213900-25-063323
Chunk: 13

Company: Blackstone Secured Lending Fund
Filing Date: 2025-07-11
Form: 424B2
Chunk 13
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 Incentive Fee payable under the Investment Advisory Agreements                    |     |  2.48 | %(5) |
| Interest payments on borrowed funds                                               |     |  5.90 | %(6) |
| Other expenses                                                                    |     |  0.47 | %(7) |
| Total annual expenses:                                                            |     | 11.03 | %(8) |

______________________ (1) The sales load (underwriting discount and commission) with respect to the common shares sold in this offering is the only sales load paid in connection with this offering. Represents the maximum agent commission with respect to the common shares sold by us in this offering. (2) The percentage reflects estimated offering expenses of approximately $0.7 million for the estimated duration of this offering and assumes we sell all $600.0 million of common shares available under the equity distribution agreements pursuant to this prospectus supplement and the accompanying prospectus. There is no guarantee that there will be any sales of our common shares pursuant to this prospectus supplement and the accompanying prospectus. (3) The expenses of the dividend reinvestment plan are included in “other expenses” in the table above. See “ Dividend Reinvestment Plan” in the accompanying prospectus for additional information regarding our dividend reinvestment plan. (4) The management fee is payable quarterly in arrears at an annual rate of 1.0% of the average value of our gross assets at the end of the two most recently completed calendar quarters. The Management Fee reflected in the table is calculated by determining the ratio that the Management Fee bears to our net assets attributable to common shares (rather than our gross assets). The estimate of our Management Fee referenced in the table assumes that our average quarter end gross assets are 2.18x our average net assets. (5) The Incentive Fee consists of two components, “Income based incentive fees” and “Capital gains incentive fees” that are independent of each other, with the result that one component may be payable even if the other is not. The amount included in the table above is estimated based on annualizing the “Income based incentive fees” expense for the three months ended March 31, 2025, without regard to any impact from the cap applicable to the “Income based incentive fees,” and adding the “Capital gains based incentive fees” for the three months ended March 31, 2025 accrued in accordance with accounting principles generally accepted in the United States (U.S. GAAP). The table reflects each