Company: BXSL
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001736035-25-000021
Chunk: 209

Company: Blackstone Secured Lending Fund
Filing Date: 2025-11-10
Form: 10-Q
Item: Part I, Item 1
Chunk 209
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 are included within Net change in unrealized appreciation (depreciation) on derivative instruments in the Condensed Consolidated Statements of Operations. The net realized gains and losses on the derivative assets and derivative liabilities not designated in a qualifying hedge accounting relationship are included within Net realized gain (loss) on derivative instruments in the Condensed Consolidated Statements of Operations.For the Three Months Ended September 30,For the Nine Months Ended September 30,2025202420252024Unrealized appreciation (depreciation)Foreign currency forward contracts$3,506 $— $(1,541)$— Net change in unrealized appreciation (depreciation)$3,506 $— $(1,541)$— Realized gain (loss)Foreign currency forward contracts$(53)$— $(9,780)$— Net realized gain (loss)$(53)$— $(9,780)$— Offsetting of Derivative InstrumentsThe Company has elected to offset cash collateral posted to or received from its counterparty against the net fair value of derivative instruments with that counterparty. The following tables present the offsetting of the Company’s derivative financial instruments as of September 30, 2025 and December 31, 2024:

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Table of ContentsBlackstone Secured Lending FundNotes to Condensed Consolidated Financial Statements(Unaudited)(in thousands, except share amounts, per share data, percentages and as otherwise noted)

As of September 30, 2025CounterpartyDerivative Assets Subject to Master Netting AgreementDerivatives Available for OffsetCash Collateral OffsetNet Amount Derivative AssetCash Collateral Received (1)Cash Collateral Received Not Offset (2)SMBC Capital Markets, Inc.$14,460 $— $— $14,460 $— $— Wells Fargo Bank, N.A.27,533 (81)— 27,452 — — $41,993 $(81)$— $41,912 $— $— CounterpartyDerivative Liabilities Subject to Master Netting AgreementDerivatives Available for OffsetCash Collateral OffsetNet Amount Derivative LiabilitiesCash Collateral Posted (1)Cash Collateral Posted Not Offset (2)SMBC Capital Markets, Inc.$— $— $— $— $1,787 $1,787 Wells Fargo Bank, N.A.(81)81 — — 9,388 9,