Company: BXSL
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001736035-25-000018
Chunk: 382

Company: Blackstone Secured Lending Fund
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 8
Chunk 382
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3 million primarily from the full or partial sales of investments.

 For the three months ended June 30, 2025, we recognized realized losses of $7.7 million on derivative instruments as a result of the settlement of our foreign currency derivative transactions, primarily due to USD vs. EUR and CAD forwards. For the six months ended June 30, 2025, we recognized realized losses of $9.7 million on derivative instruments as a result of the settlement of our foreign currency derivative transactions, primarily due to USD vs. EUR and GBP forwards.

Additional realized losses of $0.5 million and $1.5 million were recognized for the three and six months ended June 30, 2025, respectively, on foreign currency transactions, primarily as a result of fluctuations in the GBP and SEK exchange rates vs. USD. 

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Financial Condition, Liquidity and Capital ResourcesOur liquidity and capital resources are generated primarily from cash flows from interest, dividends and fees earned from our investments and principal repayments, our credit facilities, debt securitization transactions, and other secured and unsecured debt. We may also generate cash flow from operations, future borrowings and future offerings of securities including public or private issuances of debt or equity securities through both registered offerings and private offerings. The primary uses of our cash and cash equivalents are for (i) originating loans and purchasing senior secured debt investments, (ii) funding the costs of our operations (including fees paid to our Adviser and expense reimbursements paid to our Administrator), (iii) debt service, repayment and other financing costs of our borrowings and (iv) cash distributions to the holders of our shares.To facilitate public issuances of debt or equity securities, in July 2022, we filed a shelf registration statement with the SEC that is effective for a term of three years and expired in July 2025. In July 2025, we filed a new shelf registration statement with the SEC that is effective for a term of three years and expires in July 2028. The amount of securities to be issued pursuant to the shelf registration statement filed in July 2025 was not specified when it was filed and there is no specific dollar limit on the amount of securities we may issue. The securities covered by the registration statement filed in July 2025 include: (i) Common Shares; (ii) preferred shares; (iii) debt securities; (iv) subscription rights; and (v) warrants. The specifics of any future offerings, along with