Company: BXSL
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001736035-25-000021
Chunk: 270

Company: Blackstone Secured Lending Fund
Filing Date: 2025-11-10
Form: 10-Q
Item: Part I, Item 2
Chunk 270
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4 million aggregate principal amount of new investment commitments (including $411.0 million of which remained unfunded as of September 30, 2025), $1,188.4 million of which was first lien debt, $100.0 million of which was second lien debt, and $1.0 million of which was equity.

Our investment activity is presented below (information presented herein is at amortized cost unless otherwise indicated) (dollar amounts in thousands):As of and for the three months ended September 30,20252024Investments:Total investments, beginning of period$13,327,359$11,330,469New investments purchased1,007,471956,160Payment-in-kind interest capitalized30,42325,548Net accretion of discount on investments13,4509,695Net realized gain (loss) on investments(9,270)(17,273)Investments sold or repaid(436,736)(298,077)Total investments, end of period $13,932,697$12,006,522Amount of investments funded at principal:First lien debt$903,250$985,005Second lien debt103,226—Equity9955,334Total$1,007,471$990,339Proceeds from investments sold or repaid:First lien debt$(435,034)$(298,077)Second lien debt(196)— Equity(1,506)— Total$(436,736)$(298,077)Number of new investments in new portfolio companies22 26 Average new investment commitment amount$32,499 $31,946 Weighted average yield of new investments 9.3 %10.5 %Weighted average yield on investments fully sold or paid down9.9 %11.0 %September 30, 2025December 31, 2024Number of portfolio companies311 276 Weighted average yield on performing debt and income producing investments, at amortized cost (1)(2)9.9 %10.3 %Weighted average yield on performing debt and income producing investments, at fair value (1)(2)10.0 %10.4 %Average loan-to-value (LTV) (3)49.7 %46.0 %Percentage of performing debt investments bearing a floating rate (4)99.4 %99.8 %Percentage of performing debt investments bearing a fixed rate (4)0.