Company: BXSL
Filing Date: 2025-01-21
Form Type: 424B2
Source: 0001193125-25-008530
Chunk: 9

Company: Blackstone Secured Lending Fund
Filing Date: 2025-01-21
Form: 424B2
Chunk 9
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 1940 Act, our total borrowings are limited so that we cannot incur additional borrowings if immediately after such borrowing, the ratio of our total assets (less total liabilities other than indebtedness represented by senior securities) to our total indebtedness represented by senior securities plus preferred shares, if any, is at or above 150%. This means that generally, a BDC can borrow up to $2 for every $1 of investor equity. In any period, our interest expense will depend largely on the extent of our borrowing and we expect interest expense will increase as we increase our leverage over time subject to the limits of the 1940 Act. In addition, we may dedicate assets to financing facilities. Corporate Information Our principal executive offices are located at 345 Park Avenue, 31 stfloor, New York, NY 10154 and our telephone number is (212) 503-2100.Our corporate website is located at www.bxsl.com. Information on our website is not incorporated into or a part of this prospectus. S-6

THE OFFERING

| Issuer | Blackstone Secured Lending Fund |

| Common shares offered by us | new |

| Common sharesoutstanding prior to this offering | 223,800,659 common shares outstanding as of January 16, 2025. |

| Manner of offering | the market offering” that may be made from time to time through Truist Securities, Inc., RBC Capital Markets, LLC, BTIG, LLC, Compass Point Research & Trading, LLC, Raymond James & Associates, Inc., Regions Securities LLC, Drexel Hamilton, LLC and SMBC Nikko Securities America, Inc., as sales agents, using commercially reasonable efforts. See “ 
 Plan of Distribution                                                                                                                                                                                                                                                                                                                                       
 ” in this prospectus supplement.                                                                                                                                                                                                                                                                                                                           |

| Use of proceeds | Use of Proceeds |

| Distributions | We intend to make quarterly distributions to our shareholders out of assets legally available for distribution. Our distributions, if any, will be determined by our Board. All future distributions will be subject to lawfully available funds therefor, and we can offer no assurance that we will be able to declare such distributions in future periods. |

| Dividend Reinvestment Plan |

S-7

| Taxation | The Company has elected to be treated for U.S. federal income tax purposes, and intends to qualify annually, as a RIC under Subchapter M of the Code. Our tax treatment as a RIC will enable us to deduct from income any