Company: BXSL
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0001736035-25-000008
Chunk: 489

Company: Blackstone Secured Lending Fund
Filing Date: 2025-02-26
Form: 10-K
Item: Item 1B
Chunk 489
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 (1)1 21,062 — 21,063 Net investment income— — 707,595 707,595 Net realized gain (loss)— — (13)(13)Net change in unrealized appreciation (depreciation)— — (13,485)(13,485)Dividends declared and payable from net investment income— — (632,112)(632,112)Tax reclassification of shareholders’ equity in accordance with GAAP— (14,524)14,524 — Balance, December 31, 2024$222 $5,749,762 $326,537 $6,076,521 

(1)The par amount of the shares is less than 1,000 and rounds to zero.

The accompanying notes are an integral part of these consolidated financial statements.

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Table of ContentsBlackstone Secured Lending FundConsolidated Statements of Cash Flows(in thousands)

For the Year Ended December 31,202420232022Cash flows from operating activities:Net increase (decrease) in net assets resulting from operations$694,097 $611,951 $404,556 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 investments14,182 50,841 126,493 Net change in unrealized (appreciation) depreciation on derivative instruments(2,401)— — Net change in unrealized (appreciation) depreciation on translation of assets and liabilities in foreign currencies(567)3,732 (4,344)Net realized (gain) loss on investments18,976 6,205 (37,402)Net change due to hedging activity (851)— — Net accretion of discount and amortization of premium(39,856)(52,865)(47,429)Payment-in-kind interest capitalized(82,958)(51,558)(40,324)Amortization of deferred financing costs6,101 5,471 4,008 Amortization of original issue discount and debt issuance costs9,899 9,336 10,405 Purchases of investments(3,942,742)(1,483,303)(961,768)Proceeds from sale of investments and principal repayments787,519 1,305