Company: BXSL
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001736035-25-000021
Chunk: 248

Company: Blackstone Secured Lending Fund
Filing Date: 2025-11-10
Form: 10-Q
Item: Part I, Item 1
Chunk 248
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Weighted average yield on performing debt and income producing investments, at amortized cost (1)(2)9.9 %10.3 %Weighted average yield on performing debt and income producing investments, at fair value (1)(2)10.0 %10.4 %Average loan-to-value (LTV) (3)49.7 %46.0 %Percentage of performing debt investments bearing a floating rate (4)99.4 %99.8 %Percentage of performing debt investments bearing a fixed rate (4)0.6 %0.2 %Percentage of assets on non-accrual, at amortized cost (5)0.1 %0.3 %

(1)Computed as (a) the annual stated interest rate or yield plus the annual accretion of discounts or less the annual amortization of premiums, as applicable, on accruing debt included in such securities, divided by (b) total debt investments (at fair value or cost, as applicable) included in such securities. Actual yields earned over the life of each investment could differ materially from the yields presented above.

(2)As of September 30, 2025 and December 31, 2024, the weighted average total portfolio yield at cost was 9.8% and 10.2%, respectively. As of September 30, 2025 and December 31, 2024, the weighted average total portfolio yield at fair value was 9.9% and 10.3%, respectively.

(3)Includes all private debt investments for which fair value is determined by our Board in conjunction with a third-party valuation firm and excludes quoted assets. Average loan-to-value represents the net ratio of loan-to-value for each portfolio company, weighted based on the fair value of total applicable private debt investments. Loan-to-value is calculated as the current total net debt through each respective loan tranche divided by the estimated enterprise value of the portfolio company as of the most recent quarter end.

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(4)As a percentage of total fair value of performing debt investments. As of September 30, 2025 and December 31, 2024, performing debt investments bearing a floating rate represented 98.6% and 98.8%, respectively, of total investments at fair value.

(5)As a percentage of total amortized cost of investments. Assets on non-accrual represented 0.1% and 0.2