Company: BXSL
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001736035-25-000021
Chunk: 341

Company: Blackstone Secured Lending Fund
Filing Date: 2025-11-10
Form: 10-Q
Item: Part I, Item 8
Chunk 341
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11,175 As of December 31, 2024CounterpartyDerivative Assets Subject to Master Netting AgreementDerivatives Available for OffsetCash Collateral OffsetNet Amount Derivative AssetCash Collateral Received (1)Cash Collateral Received Not Offset (2)SMBC Capital Markets, Inc.$3,995 $— $— $3,995 $— $— Wells Fargo Bank, N.A.2,401 (2,401)— — — — $6,396 $(2,401)$— $3,995 $— $— CounterpartyDerivative Liabilities Subject to Master Netting AgreementDerivatives Available for OffsetCash Collateral OffsetNet Amount Derivative LiabilitiesCash Collateral Posted (1)Cash Collateral Posted Not Offset (2)SMBC Capital Markets, Inc.$— $— $— $— $1,770 $1,770 Wells Fargo Bank, N.A.(7,164)2,401 4,763 — 7,800 3,037 $(7,164)$2,401 $4,763 $— $9,570 $4,807 (1)No non-cash collateral has been posted to or received from counterparties related to derivative assets or derivative liabilities.(2)Cash collateral posted to or received from counterparties has been offset against the derivative position with those counterparties to the extent an amount is available to be offset. Cash collateral posted to or received from counterparties in excess of the net derivative positions and not offset is recorded in the Condensed Consolidated Statements of Assets and Liabilities as Receivable from Broker or Payable to Broker, respectively.HedgingThe Company designated certain interest rate swaps as the hedging instrument in a qualifying fair value hedge accounting relationship.The table below presents the impact to the Condensed Consolidated Statements of Operations from derivative assets and liabilities designated in a qualifying hedge accounting relationship for the three and nine month periods ended September 30, 2025 and September 30, 2024, respectively.For derivative instruments designated in qualifying hedge relationships, the change in fair value of the hedging instrument and hedged item is recorded in Interest expense and recognized as components of Interest expense in the Condensed Consolidated Statements of Operations.

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Table of ContentsBlackstone Secured Lending FundNotes to Condensed Consolidated Financial Statements(Unaudited)(in thousands, except share amounts