Company: BXSL
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001736035-25-000021
Chunk: 339

Company: Blackstone Secured Lending Fund
Filing Date: 2025-11-10
Form: 10-Q
Item: Part I, Item 8
Chunk 339
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$— $941 $— $941 $136,064 Interest rate swaps— 41,052 — 41,052 1,600,000 Total Derivative assets at fair value$— $41,993 $— $41,993 $1,736,064 Derivative LiabilitiesForeign currency forward contracts$— $(81)$— $(81)$76,833 Interest rate swaps— — — — — Total Derivative liabilities at fair value$— $(81)$— $(81)$76,833 Cash collateral posted$11,175 

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Table of ContentsBlackstone Secured Lending FundNotes to Condensed Consolidated Financial Statements(Unaudited)(in thousands, except share amounts, per share data, percentages and as otherwise noted)

December 31, 2024Level 1Level 2Level 3Total Fair ValueNotionalDerivative AssetsForeign currency forward contracts$— $2,401 $— $2,401 $171,016 Interest rate swaps— 3,995 — 3,995 400,000 Total Derivative assets at fair value$— $6,396 $— $6,396 $571,016 Derivative LiabilitiesForeign currency forward contracts$— $— $— $— $— Interest rate swaps— (7,164)— (7,164)700,000 Total Derivative liabilities at fair value$— $(7,164)$— $(7,164)$700,000 Cash collateral posted$4,807 In the tables above: •The notional amount represents the absolute value amount of all outstanding derivative contracts.•All foreign currency derivatives are not designated in hedge relationships. •All interest rate swaps are designated in fair value hedge relationships.•The fair value has been presented prior to the application of counterparty netting or cash collateral netting.The table below presents the impact to the Condensed Consolidated Statements of Operations from derivative assets and derivative liabilities not designated in a qualifying hedge accounting relationship for the three and nine month periods ended September 30, 2025 and September 30, 2024, respectively. The net change in unrealized gains and losses on the derivative assets and derivative liabilities not designated in a qualifying hedge accounting relationship are included within Net change in unrealized appreciation (depreciation) on derivative instruments in the