Company: BXSL
Filing Date: 2025-10-08
Form Type: 424B2
Source: 0001213900-25-097397
Chunk: 20

Company: Blackstone Secured Lending Fund
Filing Date: 2025-10-08
Form: 424B2
Chunk 20
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296 |
| Total liabilities and net assets                                            |     | $      | 13,710,955 |

__________________________________ (1)The above table reflects the principal amount of indebtedness outstanding as of June 30, 2025. As of September 26, 2025 the principal amount of indebtedness outstanding was approximately $ 7.7billion. The net proceeds may be used to repay amounts outstanding under our Revolving Credit Facility and/or the SPV Financing Facilities. See “ Use of Proceeds.” *See Note 6 in our notes to the unaudited condensed consolidated financial statements in our Quarterly Report on Form 10 -Qfor the period ended June 30, 2025, incorporated by reference into this prospectus supplement. **See Note 3 in our notes to the unaudited condensed consolidated financial statements in our Quarterly Report on Form 10 -Qfor the period ended June 30, 2025, incorporated by reference into this prospectus supplement. ***See Note 9 in our notes to the unaudited condensed consolidated financial statements in our Quarterly Report on Form 10 -Qfor the period ended June 30, 2025, incorporated by reference into this prospectus supplement. ****See Note 8 in our notes to the unaudited condensed consolidated financial statements in our Quarterly Report on Form 10 -Qfor the period ended June 30, 2025, incorporated by reference into this prospectus supplement.

S-16 DESCRIPTION OF NOTES The following is a description of particular terms of the Notes. We will issue the Notes under the base indenture between us and U.S. Bank Trust Company, National Association, as trustee, dated as of July 15, 2020, as supplemented by the separate ninth supplemental indenture between us and the trustee, to be dated as of the settlement date for the Notes. As used in this section, all references to the indenture mean the base indenture as supplemented by the ninth supplemental indenture. The terms of the Notes include those expressly set forth in the indenture and those made part of the indenture by reference to the Trust Indenture Act of 1939, as amended. The following description is a summary of the material provisions of the Notes and the indenture and does not purport to be complete. This summary is subject to and is qualified by reference to all the provisions of the Notes and the indenture, including the definitions of certain terms used in the indenture. We urge you to read these documents because