Company: BXSL
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001736035-25-000021
Chunk: 96

Company: Blackstone Secured Lending Fund
Filing Date: 2025-11-10
Form: 10-Q
Item: Part I, Item 1
Chunk 96
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/1/20311,433 — Zendesk, Inc.Delayed Draw Term Loan11/22/2025247 — Zendesk, Inc.Revolver11/22/2028169 — Zeus, LLCRevolver2/8/20303,426 (17)Zeus, LLCDelayed Draw Term Loan2/27/20262,284 — Zorro Bidco, Ltd.Delayed Draw Term Loan8/13/20274,201 — Total Investments$1,976,897 $(5,388)

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Table of ContentsBlackstone Secured Lending FundCondensed Consolidated Schedule of InvestmentsSeptember 30, 2025(in thousands)(Unaudited)

(8)There are no interest rate floors on these investments.

(9)The interest rate floor on these investments as of September 30, 2025 was 0.50%.

(10)The interest rate floor on these investments as of September 30, 2025 was 0.75%.

(11)The interest rate floor on these investments as of September 30, 2025 was 1.00%.

(12)The interest rate floor on these investments as of September 30, 2025 was 1.25%.

(13)The interest rate floor on these investments as of September 30, 2025 was 1.50%.

(14)The interest rate floor on these investments as of September 30, 2025 was 2.00%.

(15)For unsettled positions the interest rate does not include the base rate.

(16)Under the 1940 Act, the Company would be deemed to “control” a portfolio company if the Company owned more than 25% of its outstanding voting securities and/or held the power to exercise control over the management or policies of the portfolio company. Under the 1940 Act, the Company would be deemed an “affiliated person” of a portfolio company if the Company owns 5% or more of the portfolio company’s outstanding voting securities. As of September 30, 2025, the Company’s non-controlled/affiliated investments were as follows:

Fair Value as of December 31, 2024Gross AdditionsGross ReductionsNet Change in Unrealized Gains (Losses)Net Realized Gain (Loss)Fair Value as of September 30, 2025Dividend and Interest IncomeNon-controlled/affiliated InvestmentsAlign Precision