Company: BXSL
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0001736035-25-000008
Chunk: 11

Company: Blackstone Secured Lending Fund
Filing Date: 2025-02-26
Form: 10-K
Item: Item 8
Chunk 11
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 activities(2,526,294)458,815 672,948 Cash flows from financing activities:Borrowings on debt3,616,061 1,440,343 920,827 Repayments on debt(1,450,983)(2,091,209)(877,152)Deferred financing costs paid(11,493)(8,589)(3,789)Debt issuance costs paid(5,156)— — Deferred offering costs paid on issuance of common shares— — (1,607)Dividends paid in cash(583,351)(437,966)(423,441)Proceeds from issuance of Common Shares, net of offering and underwriting costs1,037,027 665,260 — Redemptions paid in cash — — (263,017)Net cash provided by (used in) financing activities2,602,105 (432,161)(648,179)Net increase (decrease) in cash and cash equivalents75,811 26,654 24,769 Effect of foreign exchange rate changes on cash and cash equivalents (1,062)(3,069)3,624 Cash and cash equivalents, beginning of period154,857 131,272 102,879 Cash and cash equivalents, end of period$229,606 $154,857 $131,272 

137

Table of ContentsBlackstone Secured Lending FundConsolidated Statements of Cash Flows(in thousands)

For the Year Ended December 31,202420232022Supplemental information and non-cash activities:Interest paid during the period$297,469 $256,478 $182,152 Distribution payable170,751 143,052 96,218 Reinvestment of distributions during the period21,063 20,651 52,382 Accrued but unpaid debt issuance costs1,075 — — Receivable for shares sold4,405 — — Excise taxes paid11,430 5,245 4,106 

The accompanying notes are an integral part of these consolidated financial statements.

138

Table of ContentsBlackstone Secured Lending FundConsolidated Schedule of InvestmentsDecember 31, 2024(in thousands)

Investments (1)(19)FootnotesReference Rate and Spread (2)Interest Rate (2)(15)Acquisition DateMaturity DatePar Amount/Units (1)Cost (