Company: BXSL
Filing Date: 2025-07-02
Form Type: DEF 14A
Source: 0001193125-25-154956
Chunk: 22

Company: Blackstone Secured Lending Fund
Filing Date: 2025-07-02
Form: DEF 14A
Chunk 22
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 to a member or to a subcommittee of the Compensation Committee.

The Compensation Committee charter is available on the Company’s website (www.bxsl.com).

Compensation Committee Interlocks and Insider Participation

During 2024, the Compensation Committee was composed of Robert Bass, James F. Clark, Tracy Collins, Vicki L. Fuller and Michelle Greene, none of whom were Officers or employees of the Company during the fiscal year ended December 31, 2024, and none of whom had any relationship requiring disclosure by the Company under Item 404 of Regulation S-K under the Exchange Act. None of our executive officers has served on the board of trustees or compensation committee of any other entity that has or has had one or more executive officers who served as a member of our Board of Trustees or our Compensation Committee during the fiscal year ended December 31, 2024.

Clawback Policy

The Board has adopted a clawback policy (the “Clawback Policy”) which requires the recoupment of certain incentive-based compensation in compliance with Section 303A.14 of the NYSE Listed Company Manual. The Company currently neither pays nor has any plans to pay or otherwise award Incentive Compensation to Covered Executives (as each is defined in the Clawback Policy), but nevertheless has designed and implemented the Clawback Policy to comply with Section 303A.14. For additional information, please refer to the Clawback Policy filed as Exhibit 97.1 to the Annual Report.

Certain Relationships and Transactions

Investment Advisory Agreement; Administration Agreement

On November 7, 2024, the Board approved Blackstone Credit BDC Advisors LLC’s assignment of the amended and restated investment advisory agreement dated October 18, 2021 to Blackstone Private Credit Strategies LLC pursuant to Rule 2a-6 under the 1940 Act, effective January 1, 2025. The Board also approved the second amended and restated investment advisory agreement (the “Investment Advisory Agreement”) to acknowledge such assignment. Accordingly, effective January 1, 2025, Blackstone Private Credit Strategies LLC became the Company’s investment adviser pursuant to the Investment Advisory Agreement. Further, on November 7, 2024, the Board approved a sub-advisory agreement (the “Sub-Advisory Agreement” and, together with the Investment Advisory Agreement, the “Advisory Agreements”) among the Company, the Adviser and Blackstone Credit BDC Advisors LLC. Accordingly, effective January 1, 2025