Company: BXSL
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0001736035-25-000008
Chunk: 163

Company: Blackstone Secured Lending Fund
Filing Date: 2025-02-26
Form: 10-K
Item: Item 8
Chunk 163
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retion of discount/amortization of premium50,516 58 6 — 50,580 Net realized gain (loss)(15,095)(49)— 13,482 (1,662)Net change in unrealized appreciation (depreciation)(37,739)586 (6)(7,941)(45,100)Transfers into Level 3 (1)4,938 — — — 4,938 Transfers out of Level 3 (1)(91,939)— — — (91,939)Fair value, end of period$9,564,203 $41,515 $9,924 $94,940 $9,710,582 Net change in unrealized appreciation (depreciation) included in earnings related to financial instruments still held as of December 31, 2023 included in net change in unrealized appreciation (depreciation) on the Consolidated Statements of Operations$(38,013)$374 $(6)$(6,437)$(44,082)(1)For the years ended December 31, 2024 and 2023, transfers into or out of Level 3 were primarily due to decreased or increased price transparency.

The following tables present quantitative information about the significant unobservable inputs of the Company’s Level 3 financial instruments. These tables are not intended to be all-inclusive but instead capture the significant unobservable inputs relevant to the Company’s determination of fair value.December 31, 2024RangeFair ValueValuation TechniqueUnobservable InputLowHighWeighted Average (1)Investments in first lien debt$12,546,382 Yield AnalysisDiscount Rate7.00 %22.67 %10.15 %102,316 Market QuotationsBroker quoted price97.00100.57100.0863,879 Asset RecoverabilityMarket Multiple10.00x10.75x10.40x2,059 Asset RecoverabilityDiscount Rate10.33 %10.92 %10.36 %12,714,636 Investments in second lien debt119,184 Yield AnalysisDiscount Rate8.86 %16.73 %11.52 %Investments in unsecured debt33,521 Yield AnalysisDiscount Rate7.71%13.94%10.12%Investments in equity69,633 Market ApproachPerformance Multiple2.30x30