Company: BXSL
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0001736035-25-000008
Chunk: 182

Company: Blackstone Secured Lending Fund
Filing Date: 2025-02-26
Form: 10-K
Item: Item 8
Chunk 182
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 not be, registered under the Securities Act, or any state securities or “blue sky” laws and may not be offered or sold in the United States absent registration with the SEC or an applicable exemption from registration.The Company serves as collateral manager to the 2024-1 Issuer under a collateral management agreement and has agreed to irrevocably waive all collateral management fees payable pursuant to the collateral management agreement.The following presents the assets and liabilities of the 2024-1 Issuer, after giving effect to the elimination of intercompany balances. The assets of the 2024-1 Issuer are restricted to be used to settle the obligations of 2024-1 Issuer. The liabilities of the 2024-1 Issuer are only the obligations of the 2024-1 Issuer and the creditors (or beneficial interest holders) do not have recourse to the Company.

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Table of ContentsBlackstone Secured Lending FundNotes to Consolidated Financial Statements(in thousands, except share amounts, per share data, percentages and as otherwise noted)

 December 31, 2024ASSETSInvestments at fair valueNon-controlled/non-affiliated investments$736,551 Total investments at fair value736,551 Cash and cash equivalents (restricted cash of $2,499)2,499 Interest receivable from non-controlled/non-affiliated investments8,268 Total assets$747,318 LIABILITIESDebt (net of unamortized debt issuance costs of $2,417)$455,083 Interest payable3,125 Total liabilities$458,208 

The Company’s outstanding debt obligations were as follows:December 31, 2024AggregatePrincipalCommittedOutstandingPrincipalCarryingValueUnamortized Debt Issuance CostsUnusedPortion (1)AmountAvailable (2)Jackson Hole Funding Facility (3)$500,000 $399,874 $399,874 $— $100,126 $100,126 Breckenridge Funding Facility1,175,000 649,350 649,350 — 525,650 525,650 Big Sky Funding Facility650,000 400,000 400,000 — 250,000 227,766 BXSL 2025-1 Facility400,000 — — — 400,000 400,000 Revolving Credit Facility (4)2,225,000 1,287,140 1,287