Company: BXSL
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001736035-25-000021
Chunk: 2

Company: Blackstone Secured Lending Fund
Filing Date: 2025-11-10
Form: 10-Q
Item: Part I, Item 1
Chunk 2
---
ise and other tax expense4,232 3,928 12,199 10,698 Net investment income after tax expense 189,474 185,903 554,172 524,849 Realized and unrealized gain (loss):Net change in unrealized appreciation (depreciation):Non-controlled/non-affiliated investments(39,814)(16,794)(88,037)16,746 Non-controlled/affiliated investments(319)(81)(1,169)(874)Derivative instruments (Note 6)3,506 — (1,541)— Translation of assets and liabilities in foreign currencies405 (2,255)1,125 (2,152)Income tax (provision) benefit(101)— (1,875)— Net change in unrealized appreciation (depreciation), net of income tax (provision) benefit(36,323)(19,130)(91,497)13,720 Net realized gain (loss):Non-controlled/non-affiliated investments(9,270)(17,273)(1,977)(16,650)Derivative instruments (Note 6)(53)— (9,780)— Foreign currency transactions(11,558)2,164 (13,085)9,686 Current tax expense on realized gains167 — (545)— Net realized gain (loss), net of tax expense(20,714)(15,109)(25,387)(6,964)Net realized and change in unrealized gain (loss)(57,037)(34,239)(116,884)6,756 Net increase (decrease) in net assets resulting from operations$132,437 $151,664 $437,288 $531,605 Net investment income per share (basic and diluted)$0.82 $0.91 $2.43 $2.68 Earnings (loss) per share (basic and diluted)$0.57 $0.75 $1.91 $2.71 Weighted average shares outstanding (basic and diluted)230,462,792 203,419,337 228,424,998 196,003,012 The accompanying notes are an integral part of these condensed consolidated financial statements. 

4

Table of ContentsBlackstone Secured Lending FundCondensed Consolidated Statements of Changes in Net Assets(in thousands)(Unaudited)

Par AmountAdditional Paid in