Company: BXSL
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001736035-25-000018
Chunk: 201

Company: Blackstone Secured Lending Fund
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 1
Chunk 201
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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$4,807 In the tables above: •The notional amount represents the absolute value amount of all outstanding derivative contracts.•All foreign currency derivatives are not designated in hedge relationships. •All interest rate swaps are designated in fair value hedge relationships.•The fair value has been presented prior to the application of counterparty netting or cash collateral netting.The table below presents the impact to the Condensed Consolidated Statements of Operations from derivative assets and derivative liabilities not designated in a qualifying hedge accounting relationship for the three and six month periods ended June 30, 2025 and June 30, 2024, respectively. The net change in unrealized gains and losses on the derivative assets and derivative liabilities not designated in a qualifying hedge accounting relationship are included within Net change in unrealized appreciation (depreciation) on derivative instruments in the Condensed Consolidated Statements of Operations. The net realized gains and losses on the derivative assets and derivative liabilities not designated in a qualifying hedge accounting relationship are included within Net realized gain (loss) on derivative instruments in the Condensed Consolidated Statements of Operations.For the Three Months Ended June 30,For the Six Months Ended June 30,2025202420252024Unrealized appreciation (depreciation)Foreign currency forward contracts$(3,126)$— $(5,047)$— Net change in unrealized appreciation (depreciation)$(3,126)$— $(5,047)$— Realized gain (loss)Foreign currency forward contracts$(7,673)$— $(9,727)$— Net realized gain (loss)$(7,673)$— $(9,727)$— Offsetting of Derivative InstrumentsThe Company has elected to offset cash collateral posted to or received from its counterparty against the net fair value of derivative instruments with that counterparty. The following tables present the offsetting of the Company’s derivative financial instruments as of June 30, 2025 and December