Company: BXSL
Filing Date: 2025-01-21
Form Type: 424B2
Source: 0001193125-25-008530
Chunk: 1

Company: Blackstone Secured Lending Fund
Filing Date: 2025-01-21
Form: 424B2
Chunk 1
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 capacity, the “Administrator” and, together with the Sub-Administrator,the “Administrators”), and the Sub-Administratorprovide certain administrative and other services necessary for the Company to operate pursuant to an administration agreement between the Administrator and the Company (the “Administration Agreement”) and a sub-administrationagreement between the Administrator and the Sub-Administrator(the Sub-AdministrationAgreement, and together with the Administration Agreement, the “Administration Agreements”), respectively. Our investment objectives are to generate current income and, to a lesser extent, long-term capital appreciation. We believe that Blackstone’s investment platform provides us with a competitive advantage in selecting investments, and to achieve our investment objectives, we will leverage the Advisers’ investment teams’ and Blackstone’s extensive network of relationships with other sophisticated institutions to source, evaluate and, as appropriate, partner with on transactions. There are no assurances that we will achieve our investment objectives. All of the common shares offered by this prospectus supplement are being sold by us. Our common shares are traded on the New York Stock Exchange (the “NYSE”) under the symbol “BXSL.” On January 16, 2025, the last reported closing price of our common shares on the NYSE was $32.66 per share. The net asset value (“NAV”) per share of our common shares at September 30, 2024 (the last date prior to the date of this prospectus supplement on which we determined NAV) was $27.27. The offering price per share of our common shares sold in this offering less the sales agent commissions or discounts payable by us will not be less than the NAV per share of our common shares at the time we sell common shares pursuant to this offering. Sales of our common shares, if any, under this prospectus supplement and the accompanying prospectus may be made in transactions that are deemed to be an “at the market” offering as defined in Rule 415(a)(4) under the Securities Act of 1933, as amended (the “Securities Act”), including without limitation sales made directly on or through the NYSE, sales made to or through market makers and sales made through any other existing trading market or electronic communications network, and by any other method permitted by law, including but not limited to privately negotiated transactions, which may include block trades, as we and the sales agents may agree. None of the sales agents are required to sell any specific number or dollar amount of our common shares but, if and when instructed by us, will make all sales using commercially