Company: BXSL
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001736035-25-000021
Chunk: 5

Company: Blackstone Secured Lending Fund
Filing Date: 2025-11-10
Form: 10-Q
Item: Part I, Item 1
Chunk 5
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 (decrease) in net assets resulting from operations$437,288 $531,605 Adjustments to reconcile net increase (decrease) in net assets resulting from operations to net cash provided by (used in) operating activities:Net change in unrealized (appreciation) depreciation on investments89,206 (15,872)Net change in unrealized (appreciation) depreciation on derivative instruments1,541 — Net change in unrealized (appreciation) depreciation on translation of assets and liabilities in foreign currencies(1,125)2,152 Net realized (gain) loss on investments1,977 16,650 Net change due to hedging activity(814)— Net realized (gain) loss on foreign currency transactions13,085 — Net accretion of discount and amortization of premium(41,004)(29,029)Payment-in-kind interest capitalized(73,386)(68,241)Amortization of deferred financing costs4,204 4,815 Amortization of original issue discount and debt issuance costs (including premiums and discounts)11,029 6,908 Purchases of investments(2,227,166)(2,565,910)Proceeds from sale of investments and principal repayments1,600,101 574,167 Changes in operating assets and liabilities:Interest receivable6,846 (17,909)Receivable for investments(14,271)(53,289)Derivative instruments, net(13,193)— Receivable from broker(6,368)(1,770)Payable for investments(13,614)(3,537)Due to affiliates(2,353)2,489 Management fees payable2,654 7,143 Income based incentive fees payable(7,454)3,790 Capital gains based incentive fees payable— 264 Interest payable4,409 (16,009)Accrued expenses and other liabilities(585)(842)Net cash provided by (used in) operating activities(228,993)(1,622,425)Cash flows from financing activities:Borrowings on debt1,727,066 2,025,738 Repayments on debt(1,228,031)(588,500)Deferred financing costs paid(3,558)(4,352)Debt issuance costs paid(2,402)(1,070)Dividends paid in cash(507,195)(427,