Company: BXSL
Filing Date: 2025-07-02
Form Type: DEF 14A
Source: 0001193125-25-154956
Chunk: 23

Company: Blackstone Secured Lending Fund
Filing Date: 2025-07-02
Form: DEF 14A
Chunk 23
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, Blackstone Credit BDC Advisors LLC became the Company’s investment sub-adviser pursuant to the Sub-Advisory Agreement. These changes are the result of a reorganization of certain subsidiaries of Blackstone and will not result in any change in the aggregate fees paid by the Company. Further, the nature and level of services provided to the Company will remain the same, as will the personnel that provide investment management services to the Company on behalf of the Adviser or the Sub-Adviser.

On November 7, 2024, the Board approved the termination of the administration agreement between the Company and Blackstone Alternative Credit Advisors LP, effective December 31, 2024, and a new administration agreement (the “Administration Agreement”) between the Company and Blackstone Private Credit Strategies LLC, effective January 1, 2025. Accordingly, effective January 1, 2025, Blackstone Private Credit Strategies LLC became the Company’s administrator pursuant to the Administration Agreement. Further, on November 7, 2024, the Board approved a sub-administration agreement (the “Sub-Administration Agreement” and, together with the Administration Agreement, the “Administration Agreements”) between the Administrator, on**

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behalf of the Company, and Blackstone Alternative Credit Advisors LP. Accordingly, effective January 1, 2025, Blackstone Alternative Credit Advisors LP became one of the Company’s sub-administrators pursuant to the Sub-Administration Agreement. To acknowledge the change of the administrator, the Board also approved the assignment of the sub-administration agreement with State Street Bank and Trust Company from Blackstone Alternative Credit Advisors LP to the Administrator, effective January 1, 2025. These changes will not result in any change in the aggregate fees paid by the Company. Further, the nature and level of services provided to the Company will remain the same, as will the personnel that provide administrative services to the Company on behalf of the Administrator or the Sub-Administrator.

Pursuant to the Advisory Agreements and the Administration Agreements, the Advisers and Administrators will be reimbursed for certain expenses as they occur. Each of the Advisory Agreements and the Administration Agreements has been approved by the Board. Unless earlier terminated, each of the Advisory Agreements and the Administration Agreements will remain in effect if approved annually by a majority of the Board, including a majority of Independent Trustees, or by the holders of a majority of our outstanding voting securities.

For the year ended December 31, 2024, the base management