Company: BXSL
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001736035-25-000018
Chunk: 332

Company: Blackstone Secured Lending Fund
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 8
Chunk 332
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’s Unsecured Notes and Debt Securitization Notes (as defined in Note 7) had they been accounted for at fair value. These financial instruments would be categorized as Level 3 within the fair value hierarchy as of June 30, 2025 and December 31, 2024.June 30, 2025December 31, 2024Fair ValueFair Value2026 Notes$795,040 $788,880 New 2026 Notes681,730 672,420 2027 Notes621,075 608,725 2028 Notes605,085 590,200 November 2027 Notes408,560 406,440 April 2028 Notes705,180 698,460 June 2030 Notes495,600 — 2024-1 Notes457,460 457,568 Total$4,769,730 $4,222,693 OtherAs of June 30, 2025 and December 31, 2024, the carrying amounts of the Company’s other assets and liabilities approximate fair value. These financial instruments, with the exception of cash and cash equivalents (including money market funds classified within Cash and Cash Equivalents in the Condensed Consolidated Statements of Assets and Liabilities) which would be categorized as Level 1, would be categorized as Level 3 within the fair value hierarchy.

Note 6. Derivatives

The Company enters into derivative financial instruments in the normal course of business to achieve certain risk management objectives, including managing its foreign currency and interest rate risk exposures.The net fair value of foreign currency and interest rate derivative contracts are included within Derivative assets at fair value or Derivative liabilities at fair value in the Condensed Consolidated Statements of Assets and Liabilities.The following tables present the aggregate notional amount and fair value hierarchy of the Company’s derivative financial instruments as of June 30, 2025 and December 31, 2024:June 30, 2025Level 1Level 2Level 3Total Fair ValueNotionalDerivative AssetsForeign currency forward contracts$— $— $— $— $— Interest rate swaps— 22,991 — 22,991 1,600,000 Total Derivative assets at fair value$— $22,991 $— $22,991 $1,600,000 Derivative LiabilitiesForeign currency forward contracts$— $(2,646)$