Company: BXSL
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001736035-25-000018
Chunk: 326

Company: Blackstone Secured Lending Fund
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 8
Chunk 326
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0 0.0 Total$13,327,359 $13,252,800 100.0 %210.8 %

December 31, 2024CostFair Value% of Total Investments at Fair ValueFair Value as % of Net AssetsUnited States$11,663,322 $11,595,231 88.6 %190.8 %Europe1,138,542 1,104,837 8.4 18.2 Canada241,124 242,103 1.8 4.0 Bermuda/Cayman Islands149,595 149,735 1.2 2.5 Asia636 612 0.0 0.0 Total$13,193,219 $13,092,518 100.0 %215.5 %

As of June 30, 2025 and December 31, 2024, four borrowers (across five loans) and four borrowers (five loans) in the portfolio were on non-accrual status, respectively.As of June 30, 2025 and December 31, 2024, on a fair value basis, 99.8% and 99.8%, respectively, of performing debt investments bore interest at a floating rate and 0.2% and 0.2%, respectively, of performing debt investments bore interest at a fixed rate.

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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)

Note 5. Fair Value Measurements

The following tables present the fair value hierarchy of financial instruments: June 30, 2025Level 1Level 2Level 3TotalFirst lien debt$— $214,844 $12,800,357 $13,015,201 Second lien debt— — 122,942 122,942 Unsecured debt— — 13,721 13,721 Equity1,430 — 99,506 100,936 Total$1,430 $214,844 $13,036,526 $13,252,800 

December 31, 2024Level 1Level 2Level 3TotalFirst lien debt$— $115,753 $12,714,636 $12,830