Company: BXSL
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0001736035-25-000013
Chunk: 309

Company: Blackstone Secured Lending Fund
Filing Date: 2025-05-07
Form: 10-Q
Item: Part I, Item 8
Chunk 309
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 based on selected short-term rates. These financial instruments would be categorized as Level 3 within the fair value hierarchy.

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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)

The following table presents the fair value measurements of the Company’s Unsecured Notes and Debt Securitization Notes (as defined in Note 7) had they been accounted for at fair value. These financial instruments would be categorized as Level 3 within the fair value hierarchy as of March 31, 2025 and December 31, 2024.March 31, 2025December 31, 2024Fair ValueFair Value2026 Notes$791,760 $788,880 New 2026 Notes676,270 672,420 2027 Notes615,420 608,725 2028 Notes595,790 590,200 November 2027 Notes406,720 406,440 April 2028 Notes700,000 698,460 June 2030 Notes491,400 — 2024-1 Notes456,629 457,568 Total$4,733,989 $4,222,693 OtherAs of March 31, 2025 and December 31, 2024, the carrying amounts of the Company’s other assets and liabilities approximate fair value. These financial instruments would be categorized as Level 3 within the fair value hierarchy.

Note 6. Derivatives

The Company enters into derivative financial instruments in the normal course of business to achieve certain risk management objectives, including managing its foreign currency and interest rate risk exposures.The net fair value of foreign currency and interest rate derivative contracts are included within Derivative assets at fair value or Derivative liabilities at fair value in the Condensed Consolidated Statements of Assets and Liabilities.The following tables present the aggregate notional amount and fair value hierarchy of the Company’s derivative financial instruments as of March 31, 2025 and December 31, 2024:March 31, 2025Level 1Level 2Level 3Total Fair ValueNotionalDerivative AssetsForeign currency forward contracts$— $634 $— $634 $109,402 Interest rate swaps— 23,346 — 23,346 1,600,000 Total Derivative assets at fair value$— $23,