Company: BXSL
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001736035-25-000018
Chunk: 219

Company: Blackstone Secured Lending Fund
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 1
Chunk 219
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 Class C Notes are secured obligations of the 2024-1 Issuer, the Subordinated Notes are the unsecured obligations of the 2024-1 Issuer, and the indenture governing the 2024-1 Notes includes customary covenants and events of default.The 2024-1 Notes have not been, and will not be, registered under the Securities Act, or any state securities or “blue sky” laws and may not be offered or sold in the United States absent registration with the SEC or an applicable exemption from registration.The Company serves as collateral manager to the 2024-1 Issuer under a collateral management agreement and has agreed to irrevocably waive all collateral management fees payable pursuant to the collateral management agreement.The following presents the assets and liabilities of the 2024-1 Issuer, after giving effect to the elimination of intercompany balances. The assets of the 2024-1 Issuer are restricted to be used to settle the obligations of 2024-1 Issuer. The liabilities of the 2024-1 Issuer are only the obligations of the 2024-1 Issuer and the creditors (or beneficial interest holders) do not have recourse to the Company.

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Table of ContentsBlackstone Secured Lending FundNotes to Condensed Consolidated Financial Statements(Unaudited)(in thousands, except share amounts, per share data, percentages and as otherwise noted)

 June 30, 2025December 31, 2024ASSETSInvestments at fair valueNon-controlled/non-affiliated investments$752,513 $736,551 Total investments at fair value752,513 736,551 Cash and cash equivalents (restricted cash of $87,065 and $2,499, respectively)87,065 2,499 Interest receivable from non-controlled/non-affiliated investments10,217 8,268 Total assets$849,795 $747,318 LIABILITIESDebt (net of unamortized debt issuance costs of $2,315 and $2,417, respectively)$455,185 $455,083 Interest payable16,920 3,125 Total liabilities$472,105 $458,208 

The Company’s outstanding debt obligations were as follows:June 30, 2025Aggregate Principal CommittedOutstanding PrincipalCarrying Value (net of unamortized issuance costs, premiums and discounts)Unamortized Debt Issuance Costs (including premiums and