Company: BXSL
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0001736035-25-000008
Chunk: 88

Company: Blackstone Secured Lending Fund
Filing Date: 2025-02-26
Form: 10-K
Item: Item 8
Chunk 88
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iliated investments were as follows:

Fair Value as of December 31, 2023Gross AdditionsGross ReductionsNet Change in Unrealized Gains (Losses)Net Realized Gain (Loss)Fair Value as of December 31, 2024Dividend and Interest IncomeNon-controlled/Affiliated InvestmentsBlackstone Donegal Holdings LP$5,790 $— $— $613 $— $6,403 $— Material Holdings, LLC— 21,384 — 163 — 21,547 1,378 Material Holdings, LLC— 5,114 — (3,717)— 1,397 314 Material+ Holding Company, LLC— — — — — — — Total$5,790 $26,498 $— $(2,941)$— $29,347 $1,692 

(17)Loan was on non-accrual status as of December 31, 2024.

(18)These loans are “last-out” portions of loans. The “last-out” portion of the Company's loan investment generally earns a higher interest rate than the “first-out” portion, and in exchange the “first-out” portion would generally receive priority with respect to payment principal, interest and any other amounts due thereunder over the “last-out” portion.

(19)All securities are exempt from registration under the Securities Act of 1933, as amended (the “Securities Act”), and may be deemed to be “restricted securities.” As of December 31, 2024, the aggregate fair value of these securities is $13,092.5 million or 215.43% of the Company’s net assets. The initial acquisition dates have been included for such securities.

(20)The interest rate floor on these investments as of December 31, 2024 was 3.00%.

ADDITIONAL INFORMATION

Foreign Currency Forward ContractsCounterpartyCurrency PurchasedCurrency SoldSettlement DateUnrealized Appreciation (Depreciation)Wells Fargo Bank, N.A.USD56,412 CAD80,000 3/18/2025$719 Wells Fargo Bank, N.A.USD68,801 EUR65,250 3/18/20251,043 Wells Fargo Bank, N.A.USD37,395 GBP29,500 3/18/2025482