Company: BXSL
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0001736035-25-000008
Chunk: 161

Company: Blackstone Secured Lending Fund
Filing Date: 2025-02-26
Form: 10-K
Item: Item 8
Chunk 161
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 %Canada275,579 278,103 2.8 5.6 Europe276,437 272,180 2.8 5.5 Bermuda/Cayman Islands436 473 0.0 0.0 Total$9,934,159 $9,868,440 100.0 %199.3 %As of December 31, 2024 and December 31, 2023, four borrowers (across five loans) and one borrower (one loan) in the portfolio were on non-accrual status, respectively.As of December 31, 2024 and December 31, 2023, on a fair value basis, 99.8% and 99.9%, respectively, of performing debt investments bore interest at a floating rate and 0.2% and 0.1%, respectively, of performing debt investments bore interest at a fixed rate.

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

Note 5. Fair Value Measurements

The following tables present the fair value hierarchy of financial instruments:

December 31, 2024Level 1Level 2Level 3TotalFirst lien debt$— $115,753 $12,714,636 $12,830,389 Second lien debt— — 119,184 119,184 Unsecured debt— — 33,521 33,521 Equity — — 109,424 109,424 Total$— $115,753 $12,976,765 $13,092,518 

December 31, 2023Level 1Level 2Level 3TotalFirst lien debt$— $157,858 $9,564,203 $9,722,061 Second lien debt— — 41,515 41,515 Unsecured debt— — 9,924 9,924 Equity — — 94,940 94,940 Total$— $157,858 $9,710,582 $9,868,440 

Within Investments at fair value, substantially all Equity investments are illiquid and privately negotiated in nature and are subject to contractual sale constraints or other restrictions pursuant to their respective governing or similar agreements.The following tables