Company: BXSL
Filing Date: 2025-10-08
Form Type: 424B2
Source: 0001213900-25-097397
Chunk: 108

Company: Blackstone Secured Lending Fund
Filing Date: 2025-10-08
Form: 424B2
Chunk 108
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     |            724,617 |
| For the fiscal year ended December 31, 2023 |     |                   |        |     |                    |
| January 31, 2023                            |     |                   |  5,132 |     |            208,510 |
| April 27, 2023                              |     |                   |  5,439 |     |            213,130 |
| July 27, 2023                               |     |                   |  4,635 |     |            172,888 |
| October 26, 2023                            |     |                   |  5,445 |     |            205,149 |
| Total distributions                         |     | $                 | 20,651 |     |            799,677 |

32 MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION
AND RESULTS OF OPERATIONS The information included under the caption “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in Part II, Item 7 of our most recent Annual Report on Form 10 -Kand Part I, Item 2 of our most recent Quarterly Report on Form 10 -Qis incorporated herein by reference. 33 THE COMPANY The information included under the captions “Business—Our Company” in Part I, Item 1 of our most recent Annual Report on Form 10 -Kand “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in Part I, Item 2 of our most recent Quarterly Report on Form 10 -Qis incorporated herein by reference. 34 SENIOR SECURITIES Information about the Company’s senior securities included under the captions “Consolidated Financial Statements and Supplementary Data—Notes to Consolidated Financial Statements—Note 11. Financial Highlights and Senior Securities” in Part II, Item 8 of our most recent Annual Report on Form 10 -Kand “Financial Statements—Notes to Condensed Consolidated Financial Statements (Unaudited)—Note 11. Financial Highlights and Senior Securities” in Part I, Item 1 of our most recent Quarterly Report on Form 10 -Qis incorporated by reference herein. The report of Deloitte & Touche LLP, our independent registered public accounting firm, is included in our most recent Annual Report on Form 10 -Kand is incorporated by reference herein. 35

PORTFOLIO COMPANIES The following table sets forth certain information as of March31, 2025 for each portfolio company in