Company: BXSL
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0001736035-25-000008
Chunk: 645

Company: Blackstone Secured Lending Fund
Filing Date: 2025-02-26
Form: 10-K
Item: Item 1B
Chunk 645
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698,460 — 2024-1 Notes457,568 — Total$4,222,693 $2,551,661 Other

As of December 31, 2024 and December 31, 2023 the carrying amounts of the Company’s other assets and liabilities approximate fair value. These financial instruments would be categorized as Level 3 within the fair value hierarchy. 

Note 6. Derivatives

The Company enters into derivative financial instruments in the normal course of business to achieve certain risk management objectives, including managing its interest rate risk exposures.The net fair value of interest rate derivative contracts are included within Derivative assets at fair value or Derivative liabilities at fair value in the Consolidated Statements of Assets and Liabilities.The following table presents the aggregate notional amount and fair value hierarchy of the Company’s derivative financial instruments as of December 31, 2024:December 31, 2024Level 1Level 2Level 3Total Fair ValueNotionalDerivative AssetsForeign currency forward contracts$— $2,401 $— $2,401 $171,016 Interest rate swaps— 3,995 — 3,995 400,000 Total Derivative assets at fair value$— $6,396 $— $6,396 $571,016 Derivative LiabilitiesForeign currency forward contracts$— $— $— $— $— Interest rate swaps— (7,164)— (7,164)700,000 Total Derivative liabilities at fair value$— $(7,164)$— $(7,164)$700,000 In the table above: •The notional amount represents the absolute value amount of all outstanding derivative contracts.•All foreign currency derivatives are not designated in hedge relationships.•All interest rate swaps are designated in fair value hedge relationships.•The fair value has been presented prior to the application of counterparty netting or cash collateral netting.The Company held no derivative financial instruments as of December 31, 2023.

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Table of ContentsBlackstone Secured Lending FundNotes to Consolidated Financial Statements(in thousands, except share amounts, per share data, percentages and as otherwise noted)

Offsetting of Derivative InstrumentsThe Company has elected to offset cash collateral posted to or received from its counterparty against the net fair value of derivative instruments with that counterparty. The following table presents the offsetting of the Company’s derivative financial