Company: BXSL
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0001736035-25-000008
Chunk: 473

Company: Blackstone Secured Lending Fund
Filing Date: 2025-02-26
Form: 10-K
Item: Item 1B
Chunk 473
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5 billion, primarily due to purchases of investments of $3.9 billion partially offset by sales of investments and principal repayments of $787.5 million and receipt of interest payments from our investments. Cash provided by financing activities was $2.6 billion during the year, which was primarily as a result of net borrowing on our credit facilities and Unsecured Notes (as defined in “Item 8. Financial Statements and Supplementary Data—Notes to Consolidated Financial Statements—Note 7. Borrowings”) of $2.2 billion and $1.0 billion of proceeds from the issuance of our Common Shares partially offset by dividends paid in cash of $583.4 million.

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Equity 

We also access liquidity through our “at-the-market” offering program (the “ATM Program”), pursuant to which we may sell, from time to time, additional Common Shares. During the year ended December 31, 2024, we sold Common Shares for net proceeds of $1.0 billion through our ATM Program. As of December 31, 2024, $112.0 million of Common Shares were available for issuance under the ATM Program.

For additional information on our ATM Program, see “Item 8. Financial Statements and Supplementary Data—Notes to Consolidated Financial Statements—Note 9. Net Assets.”

Distributions

The following table summarizes our distributions declared and payable for the year ended December 31, 2024 (dollar amounts in thousands except per share amounts):Date DeclaredRecord DatePayment DatePer Share AmountTotal AmountFebruary 28, 2024March 31, 2024April 26, 2024$0.7700 $147,743 May 8, 2024June 30, 2024July 26, 20240.7700 152,706 August 7, 2024September 30, 2024October 25, 20240.7700 160,912 November 12, 2024December 31, 2024January 24, 20250.7700 170,751 Total distributions$3.0800 $632,112 

For the years ended December 31, 2024, 2023, and 2022, interest-related dividends represented 90.6%, 87.6% and 86.4%, of total dividends paid by the Company, respectively.

For the years ended December 31, 2024,