Company: BXSL
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001736035-25-000021
Chunk: 334

Company: Blackstone Secured Lending Fund
Filing Date: 2025-11-10
Form: 10-Q
Item: Part I, Item 8
Chunk 334
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,660)$(759)$(228)$(365)$(56,012)

104

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)

Nine Months Ended September 30, 2025First Lien DebtSecond  Lien DebtUnsecured DebtEquityTotalFair value, beginning of period$12,714,636 $119,184 $33,521 $109,424 $12,976,765 Purchases of investments2,190,326 107,954 1,426 1,172 2,300,878 Proceeds from principal repayments and sales of investments(1,562,430)(3,206)(20,595)(11,960)(1,598,191)Accretion of discount (amortization of premium)39,343 244 32 — 39,619 Net realized gain (loss)(9,292)(1)— 7,316 (1,977)Net change in unrealized appreciation (depreciation)(21,661)2,074 (393)(7,970)(27,950)Transfers into Level 3 (1)8,585 — — — 8,585 Transfers out of Level 3 (1)(102,175)— — — (102,175)Fair value, end of period$13,257,332 $226,249 $13,991 $97,982 $13,595,554 Net change in unrealized appreciation (depreciation) included in earnings related to financial instruments still held as of September 30, 2025 included in net change in unrealized appreciation (depreciation) on the Condensed Consolidated Statements of Operations$(25,068)$1,588 $(663)$(2,924)$(27,067)

Three Months Ended September 30, 2024First Lien DebtSecond  Lien DebtUnsecured DebtEquityTotalFair value, beginning of period$10,975,967 $41,985 $12,278 $97,616 $11,127,846 Purchases of investments974,120 534 431 5,333 980,418 Proceeds from principal repayments and sales of investments(296,497)— —