Company: BXSL
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001736035-25-000018
Chunk: 240

Company: Blackstone Secured Lending Fund
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 1
Chunk 240
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Second lien debt434—Equity1,4773Total$540,486$902,789Proceeds from investments sold or repaid:First lien debt$(184,518)$(89,424)Second lien debt(662)— Equity(230)— Total$(185,410)$(89,424)Number of new investments in new portfolio companies15 23 Average new investment commitment amount$22,520 $27,357 Weighted average yield of new investments 9.8 %10.9 %Weighted average yield on investments fully sold or paid down10.3 %11.7 %June 30, 2025December 31, 2024Number of portfolio companies295 276 Weighted average yield on performing debt and income producing investments, at amortized cost (1)(2)10.2 %10.3 %Weighted average yield on performing debt and income producing investments, at fair value (1)(2)10.2 %10.4 %Average loan-to-value (LTV) (3)46.9 %46.0 %Percentage of performing debt investments bearing a floating rate (4)99.8 %99.8 %Percentage of performing debt investments bearing a fixed rate (4)0.2 %0.2 %Percentage of assets on non-accrual, at amortized cost (5)0.3 %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 June 30, 2025 and December 31, 2024, the weighted average total portfolio yield at cost was 10.1% and 10.2%, respectively. As of June 30, 2025 and December 31, 2024, the weighted average total portfolio yield at fair value was 10.1% 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