Company: BXSL
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0001736035-25-000013
Chunk: 247

Company: Blackstone Secured Lending Fund
Filing Date: 2025-05-07
Form: 10-Q
Item: Part I, Item 2
Chunk 247
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ollar amounts in thousands):As of and for the three months ended March 31,20252024Investments:Total investments, beginning of period$13,193,219$9,934,159New investments purchased689,214719,149Payment-in-kind interest capitalized22,61319,977Net accretion of discount on investments16,4199,706Net realized gain (loss) on investments8,525428Investments sold or repaid(977,955)(186,666)Total investments, end of period $12,952,035$10,496,753Amount of investments funded at principal:First lien debt$700,877 $722,403Unsecured debt— 1,610Equity168 2,188Total$701,045 $726,201Proceeds from investments sold or repaid:First lien debt$(965,383)$(186,666)Second lien debt(2,348)— Equity(10,224)— Total$(977,955)$(186,666)Number of new investments in new portfolio companies14 18 Average new investment commitment amount$28,042 $34,581 Weighted average yield of new investments 9.5 %11.4 %Weighted average yield on investments fully sold or paid down10.3 %11.9 %March 31, 2025December 31, 2024Number of portfolio companies284 276 Weighted average yield on performing debt and income producing investments, at amortized cost (1)(2)10.1 %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)47.4 %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