Company: BXSL
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0001736035-25-000008
Chunk: 646

Company: Blackstone Secured Lending Fund
Filing Date: 2025-02-26
Form: 10-K
Item: Item 1B
Chunk 646
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 instruments as of December 31, 2024:As of December 31, 2024CounterpartyDerivative Assets Subject to Master Netting AgreementDerivatives Available for OffsetCash Collateral OffsetNet Amount Derivative AssetCash Collateral Received (1)Cash Collateral Received Not Offset (2)SMBC Capital Markets, Inc.$3,995 $— $— $3,995 $— $— Wells Fargo Bank, N.A.2,401 (2,401)— — — — $6,396 $(2,401)$— $3,995 $— $— CounterpartyDerivative Liabilities Subject to Master Netting AgreementDerivatives Available for OffsetCash Collateral OffsetNet Amount Derivative LiabilitiesCash Collateral Posted (1)Cash Collateral Posted Not Offset (2)SMBC Capital Markets, Inc.$— $— $— $— $1,770 $1,770 Wells Fargo Bank, N.A.(7,164)2,401 4,763 — 7,800 3,037 $(7,164)$2,401 $4,763 $— $9,570 $4,807 (1)No non-cash collateral has been posted to or received from counterparties related to derivative assets or derivative liabilities.(2)Cash collateral posted to or received from counterparties has been offset against the derivative position with those counterparties to the extent an amount is available to be offset. Cash collateral posted to or received from counterparties in excess of the net derivative positions and not offset is recorded in the Consolidated Statements of Assets and Liabilities as Receivable from Broker or Payable to Broker, respectively.HedgingThe Company designated certain interest rate swaps as the hedging instrument in a qualifying fair value hedge accounting relationship.The table below presents the impact to the Consolidated Statements of Operations from derivative assets and liabilities designated in a qualifying hedge accounting relationship for the years ended December 31, 2024 and December 31, 2023.For derivative instruments designated in qualifying hedge relationships, the change in fair value of the hedging instrument and hedged item are recorded in Interest expense and recognized as components of Interest expense in the Consolidated Statements of Operations.For the Year Ended December 31,20242023Interest rate swaps$(2,045)$— Hedged items$2,896 $— The table below