Company: BXSL
Filing Date: 2025-01-21
Form Type: 424B2
Source: 0001193125-25-008530
Chunk: 23

Company: Blackstone Secured Lending Fund
Filing Date: 2025-01-21
Form: 424B2
Chunk 23
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 us in any instruction. The sales price per share of our common shares offered by this prospectus supplement and the accompanying prospectus, less the sales agent’s commission, discount or other compensation for such sales payable under the applicable equity distribution agreement, will not be less than the NAV per share of our common shares as determined within 48 hours of such sale unless we have received requisite approval of a majority of our shareholders (including a majority of our unaffiliated shareholders) and our Independent Trustees, in accordance with the applicable equity distribution agreement. We or the sales agents may suspend this offering of our common shares upon proper notice and subject to other conditions. We cannot predict the number of such shares of common shares that we may sell hereby or if any such shares will be sold. Sales of our common shares, if any, under this prospectus supplement and the accompanying prospectus may be made in negotiated transactions or transactions that are deemed to be “at the market” offerings, as defined in Rule 415(a)(4) under the Securities Act, including, without limitation, sales made directly on the NYSE or a similar securities exchange or sales made to or through a market maker other than on an exchange at prices related to the prevailing market prices or at negotiated prices. If sales of our common shares are sold by one or more of the sales agents, the applicable sales agent will provide written confirmation of a sale to us following the close of trading on the NYSE each trading day on which our common shares are sold under such sales agent’s equity distribution agreement. Each confirmation will include the number of our common shares sold that day, the net proceeds to us and the compensation payable by us to such sales agent in connection with the sales. Under the terms of the equity distribution agreements, each of the sales agents will be entitled to compensation of up to 1.00% of the gross sales price of any common shares sold through it as sales agents. We estimate that the total expenses for this offering, excluding compensation payable to the sales agents under the terms of each equity distribution agreement, will be approximately $0.7 million. Settlement for sales of our common shares will occur on the second trading day following the date on which such sales are made, or on some other date that is agreed upon by us and the applicable sales agent in connection with a particular transaction, in return for payment of the net proceeds to us. There is no arrangement for funds to be received in an escrow, trust or similar arrangement. Under the terms of the equity distribution agreements, we also may