Company: BXSL
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001736035-25-000018
Chunk: 5

Company: Blackstone Secured Lending Fund
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 1
Chunk 5
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 (appreciation) depreciation on translation of assets and liabilities in foreign currencies(1,304)(103)Net realized (gain) loss on investments(7,295)(623)Net change due to hedging activity(1,120)— Net accretion of discount and amortization of premium(27,554)(20,333)Payment-in-kind interest capitalized(42,963)(42,693)Amortization of deferred financing costs2,850 3,403 Amortization of original issue discount and debt issuance costs7,085 4,321 Purchases of investments(1,219,695)(1,609,750)Proceeds from sale of investments and principal repayments1,163,365 276,090 Changes in operating assets and liabilities:Interest receivable7,344 (20,305)Receivable for investments(20,438)(51,397)Derivative instruments, net4,380 — Receivable from broker(6,263)(1,770)Payable for investments(16,937)(2,193)Due to affiliates(1,466)(447)Management fees payable2,295 5,060 Income based incentive fees payable(3,990)3,007 Capital gains based incentive fees payable— 6,256 Interest payable11,216 4,457 Accrued expenses and other liabilities(4,877)(4,884)Net cash provided by (used in) operating activities203,604 (1,104,710)Cash flows from financing activities:Borrowings on debt1,062,898 1,665,849 Repayments on debt(1,134,031)(494,000)Deferred financing costs paid(430)— Debt issuance costs paid(2,372)(1,070)Dividends paid in cash(335,662)(279,888)Proceeds from issuance of Common Shares, net of offering and underwriting costs247,854 350,237 Net cash provided by (used in) financing activities(161,743)1,241,128 Net increase (decrease) in cash and cash equivalents41,861 136,418 Effect of foreign exchange rate changes on cash and cash equivalents2,211 17 Cash and cash equivalents, beginning of period229,606 154,857 Cash and cash equivalents, end of period$273,678 $291,292 The accompanying notes are