Company: BXSL
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0001736035-25-000013
Chunk: 0

Company: Blackstone Secured Lending Fund
Filing Date: 2025-05-07
Form: 10-Q
Item: Part I, Item 1
Chunk 0
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Item 1. Financial Statements.

Blackstone Secured Lending Fund

Condensed Consolidated Statements of Assets and Liabilities

(in thousands, except share and per share amounts)

(Unaudited)

 March 31, 2025December 31, 2024ASSETSInvestments at fair value Non-controlled/non-affiliated investments (cost of $12,924,777 and $13,166,677, respectively)$12,804,785 $13,063,171 Non-controlled/affiliated investments (cost of $27,258 and $26,542, respectively)29,421 29,347 Total investments at fair value (cost of $12,952,035 and $13,193,219, respectively)12,834,206 13,092,518 Cash and cash equivalents (restricted cash of $67,699 and $2,499, respectively)965,005 229,606 Interest receivable from non-controlled/non-affiliated investments106,719 112,046 Interest receivable from non-controlled/affiliated investments544 6 Receivable from broker9,570 4,807 Deferred financing costs20,507 21,865 Receivable for investments8,423 2,976 Receivable for shares sold— 4,405 Derivative assets at fair value (Note 6)23,827 3,995 Total assets$13,968,801 $13,472,224 LIABILITIESDebt (net of unamortized debt issuance costs of $42,721 and $34,877, respectively)$7,383,118 $7,056,091 Payable for investments27,548 19,277 Due to affiliates7,023 7,112 Management fees payable (Note 3)34,301 32,305 Income based incentive fees payable (Note 3)34,301 38,708 Capital gains based incentive fees payable (Note 3)— — Interest payable57,911 53,958 Distribution payable (Note 9)175,421 170,751 Board of Trustees’ fees payable306 289 Accrued expenses and other liabilities8,003 17,212 Total liabilities7,727,932 7,395,703 Commitments and contingencies (Note 8)NET ASSETSCommon Shares, $0.001 par value (unlimited shares