Company: BXSL
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001736035-25-000021
Chunk: 363

Company: Blackstone Secured Lending Fund
Filing Date: 2025-11-10
Form: 10-Q
Item: Part I, Item 8
Chunk 363
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, the trading price of the Common Shares, the Company’s capital needs, and the Company’s determination of the 

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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)

appropriate sources of funding to meet such needs. As of September 30, 2025, Common Shares with an aggregate sales price of $578.6 million remained available for issuance under the Equity Distribution Agreements.The following table summarizes the total Common Shares issued and proceeds received, for the three months ended September 30, 2025, through the “at-the-market” offering program:Issuances of Common SharesNumber of Common Shares IssuedGross ProceedsPlacement Fees/Offering ExpensesNet ProceedsAverage Share Price (1)“At-the-market” Offering724,170 $21,420 $214 $21,206 $29.28 (1)Represents the net offering price per share after deducting placement fees and commissions and offering expenses.The following table summarizes the total Common Shares issued and proceeds received, for the nine months ended September 30, 2025, through the “at-the-market” offering program:Issuances of Common SharesNumber of Common Shares IssuedGross ProceedsPlacement Fees/Offering ExpensesNet ProceedsAverage Share Price (1)“At-the-market” Offering8,531,273 $272,322 $2,274 $270,048 $31.65 (1)Represents the net offering price per share after deducting placement fees and commissions and offering expenses.

The following table summarizes the total Common Shares issued and proceeds received, for the three months ended September 30, 2024, through the “at-the-market” offering program:Issuances of Common SharesNumber of Common Shares IssuedGross ProceedsPlacement Fees/Offering ExpensesNet Proceeds (1)Average Share Price (2)“At-the-market” Offering10,478,815 $313,213 $2,945 $310,268 $29.61 (1)The Company received $1.7 million of proceeds subsequent to September 30, 2024 on October 1, 2024. The amount was recorded as Receivable for shares sold in the Condensed Consolidated Statement of Assets and Liabilities.(2)Represents the net offering price per share after deducting