Company: BXSL
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001736035-25-000018
Chunk: 2

Company: Blackstone Secured Lending Fund
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 1
Chunk 2
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,717 Excise and other tax expense3,798 3,421 7,966 6,771 Net investment income after tax expense 175,902 173,098 364,697 338,946 Realized and unrealized gain (loss):Net change in unrealized appreciation (depreciation):Non-controlled/non-affiliated investments(8,117)22,066 (48,223)33,540 Non-controlled/affiliated investments(201)(1,105)(850)(793)Derivative instruments (Note 6)(3,126)— (5,047)— Translation of assets and liabilities in foreign currencies438 124 720 103 Income tax (provision) benefit(294)— (1,774)— Net change in unrealized appreciation (depreciation)(11,300)21,085 (55,174)32,850 Net realized gain (loss):Non-controlled/non-affiliated investments(1,230)195 7,295 623 Derivative instruments (Note 6)(7,673)— (9,727)— Foreign currency transactions(541)1,808 (1,528)7,522 Current tax expense on realized gains(116)— (712)— Net realized gain (loss)(9,560)2,003 (4,672)8,145 Net realized and change in unrealized gain (loss)(20,860)23,088 (59,846)40,995 Net increase (decrease) in net assets resulting from operations$155,042 $196,186 $304,851 $379,941 Net investment income per share (basic and diluted)$0.77 $0.89 $1.60 $1.76 Earnings (loss) per share (basic and diluted)$0.68 $1.01 $1.34 $1.98 Weighted average shares outstanding (basic and diluted)228,192,335 193,908,352 227,389,213 192,254,100 The accompanying notes are an integral part of these condensed consolidated financial statements. 

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Table of ContentsBlackstone Secured Lending FundCondensed Consolidated Statements of Changes in Net Assets(in thousands)(Unaudited)

Par AmountAdditional Paid in CapitalDistributable Earnings (Loss)Total Net AssetsBalance, March 31, 202