Company: BXSL
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0001736035-25-000008
Chunk: 464

Company: Blackstone Secured Lending Fund
Filing Date: 2025-02-26
Form: 10-K
Item: Item 1B
Chunk 464
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 (6)0.2 %0.1 %0.1 %Percentage of assets on non-accrual, at amortized cost (4)(5)0.3 %0.0 %— %

(1)Computed as (a) the annual stated interest rate or yield plus the annual accretion of discounts or less the annual amortization of premiums, as applicable, on accruing debt included in such securities, divided by (b) total debt investments (at fair value or cost, as applicable) included in such securities. Actual yields earned over the life of each investment could differ materially from the yields presented above.

(2)As of December 31, 2024, 2023 and 2022, the weighted average total portfolio yield at cost was 10.2%, 11.8% and 10.5%, respectively. As of December 31, 2024, 2023 and 2022, the weighted average total portfolio yield at fair value was 10.3%, 11.8% and 10.6%, respectively.

(3)Includes all private debt investments for which fair value is determined by our Board in conjunction with a third-party valuation firm and excludes quoted assets. Average loan-to-value represents the net ratio of loan-to-value for each portfolio company, weighted based on the fair value of total applicable private debt investments. Loan-to-value is calculated as the current total net debt through each respective loan tranche divided by the estimated enterprise value of the portfolio company as of the most recent quarter-end.

(4)Amount rounds to less than 0.1% for December 31, 2023.

(5)As a percentage of total amortized cost of investments. Assets on non-accrual represented 0.2%, less than 0.1% and 0.0% of total fair value of investments as of December 31, 2024, 2023 and 2022, respectively. 

(6)As a percentage of total fair value of debt investments. As of December 31, 2024, 2023 and 2022, performing debt investments bearing a floating rate represented 98.8%, 98.9% and 98.3%, respectively, of total investment at fair value.

As of December 31, 2024 and 2023, our portfolio companies had a weighted average annual revenue of $786 million and $774 million,