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

Company: Blackstone Secured Lending Fund
Filing Date: 2025-02-26
Form: 10-K
Item: Item 8
Chunk 10
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 operations$694,097 $611,951 $404,556 Adjustments to reconcile net increase (decrease) in net assets resulting from operations to net cash provided by (used in) operating activities:Net change in unrealized (appreciation) depreciation on investments14,182 50,841 126,493 Net change in unrealized (appreciation) depreciation on derivative instruments(2,401)— — Net change in unrealized (appreciation) depreciation on translation of assets and liabilities in foreign currencies(567)3,732 (4,344)Net realized (gain) loss on investments18,976 6,205 (37,402)Net change due to hedging activity (851)— — Net accretion of discount and amortization of premium(39,856)(52,865)(47,429)Payment-in-kind interest capitalized(82,958)(51,558)(40,324)Amortization of deferred financing costs6,101 5,471 4,008 Amortization of original issue discount and debt issuance costs9,899 9,336 10,405 Purchases of investments(3,942,742)(1,483,303)(961,768)Proceeds from sale of investments and principal repayments787,519 1,305,234 1,174,176 Changes in operating assets and liabilities:Interest receivable from non-controlled/non-affiliated investments(18,470)4,298 (35,215)Interest receivable from non-controlled/affiliated investments(6)— — Receivable for investments(1,681)47,974 93,609 Derivative instruments, net (3,995)— — Other assets— — 194 Receivable from broker(4,807)— — Payable for investments 10,711 (11,707)(15,944)Due to affiliates(1,813)(1,884)4,168 Management fees payable9,271 4,439 783 Income based incentive fees payable4,335 9,600 4,964 Capital gains based incentive fees payable— (5,506)(11,883)Interest payable14,078 (5,409)6,145 Accrued expenses and other liabilities4,684 11,966 (2,244)Net cash provided by (used in) operating