Company: BXSL
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001736035-25-000021
Chunk: 0

Company: Blackstone Secured Lending Fund
Filing Date: 2025-11-10
Form: 10-Q
Item: Part I, Item 1
Chunk 0
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Item 1. Financial Statements.

 Blackstone Secured Lending Fund

Condensed Consolidated Statements of Assets and Liabilities

(in thousands, except share and per share amounts)

(Unaudited)

 September 30, 2025December 31, 2024ASSETSInvestments at fair value Non-controlled/non-affiliated investments (cost of $13,894,727 and $13,166,677, respectively)$13,770,027 $13,063,171 Non-controlled/affiliated investments (cost of $37,970 and $26,542, respectively)39,609 29,347 Total investments at fair value (cost of $13,932,697 and $13,193,219, respectively)13,809,636 13,092,518 Cash and cash equivalents (restricted cash of $71,893 and $2,499, respectively)249,891 229,606 Interest receivable from non-controlled/non-affiliated investments105,197 112,046 Interest receivable from non-controlled/affiliated investments9 6 Receivable from broker11,175 4,807 Deferred financing costs21,220 21,865 Receivable for investments17,247 2,976 Receivable for shares sold— 4,405 Derivative assets at fair value (Note 6)41,912 3,995 Total assets$14,256,287 $13,472,224 LIABILITIESDebt (net of unamortized debt issuance costs of $35,046 and $34,877, respectively)$7,656,956 $7,056,091 Payable for investments5,663 19,277 Due to affiliates4,759 7,112 Management fees payable (Note 3)34,959 32,305 Income based incentive fees payable (Note 3)31,254 38,708 Capital gains based incentive fees payable (Note 3)— — Interest payable58,367 53,958 Distribution payable (Note 9)177,837 170,751 Board of Trustees’ fees payable282 289 Accrued expenses and other liabilities16,634 17,212 Total liabilities7,986,711 7,395,703 Commitments and contingencies (Note 8)NET ASSETSCommon Shares, $0.001 par value (unlimited shares