Company: BXSL
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0001736035-25-000008
Chunk: 731

Company: Blackstone Secured Lending Fund
Filing Date: 2025-02-26
Form: 10-K
Item: Item 7
Chunk 731
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 million of which was second lien debt, $26.5 million of which was unsecured debt and $10.1 million of which was equity.

Our investment activity is presented below (information presented herein is at amortized cost unless otherwise indicated) (dollar amounts in thousands): As of and for the year ended December 31, 202420232022Investments:Total investments, beginning of period$9,934,159 $9,657,872 $9,745,126 New investments purchased3,942,742 1,483,303 961,768 Payment-in-kind interest capitalized82,958 51,558 40,324 Net accretion of discount on investments39,856 52,865 47,428 Net realized gain (loss) on investments(18,977)(6,205)37,402 Investments sold or repaid(787,519)(1,305,234)(1,174,176)Total investments, end of period$13,193,219 $9,934,159 $9,657,872 

117

As of and for the year ended December 31, 202420232022Amount of investments funded at principal:First lien debt$3,868,764 $1,481,290 $984,200 Second lien debt73,958 — 7,896 Unsecured debt22,334 10,231 14,023 Equity10,161 3,915 13,144 Total$3,975,217 $1,495,436 $1,019,263 Proceeds from investments sold or repaid:First lien debt$(786,756)$(1,231,702)$(1,077,767)Second lien debt(271)(7,351)(20,907)Unsecured debt— — (13,535)Warrants— — (8,514)Equity(492)(66,181)(53,453)Total$(787,519)$(1,305,234)$(1,174,176)Number of new investments in new portfolio companies95 29 53 Average new investment commitment amount$30,579 $29,322 $19,231 Weighted average yield of new investments 9.8 %12.0 %10.2 %Weighted average yield on investments fully sold or paid down