Company: BXSL
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0001736035-25-000008
Chunk: 640

Company: Blackstone Secured Lending Fund
Filing Date: 2025-02-26
Form: 10-K
Item: Item 1B
Chunk 640
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)Amount rounds to less than 0.1% as of December 31, 2023.

The geographic composition of investments at cost and fair value was as follows:December 31, 2024CostFair Value% of Total Investments at Fair ValueFair Value as % of Net AssetsUnited States$11,663,322 $11,595,231 88.6 %190.8 %Europe1,138,542 1,104,837 8.4 18.2 Canada241,124 242,103 1.8 4.0 Bermuda/Cayman Islands149,595 149,735 1.2 2.5 Asia636 612 0.0 0.0 Total$13,193,219 $13,092,518 100.0 %215.5 %December 31, 2023CostFair Value% of TotalInvestments atFair ValueFair Value as % of Net AssetsUnited States$9,381,707 $9,317,684 94.4 %188.2 %Canada275,579 278,103 2.8 5.6 Europe276,437 272,180 2.8 5.5 Bermuda/Cayman Islands436 473 0.0 0.0 Total$9,934,159 $9,868,440 100.0 %199.3 %As of December 31, 2024 and December 31, 2023, four borrowers (across five loans) and one borrower (one loan) in the portfolio were on non-accrual status, respectively.As of December 31, 2024 and December 31, 2023, on a fair value basis, 99.8% and 99.9%, respectively, of performing debt investments bore interest at a floating rate and 0.2% and 0.1%, respectively, of performing debt investments bore interest at a fixed rate.

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

Note 5. Fair Value Measurements

The following tables present the fair value hierarchy of financial instruments:

December 31, 2024Level 1Level 2Level 3TotalFirst lien debt$— $115,