Company: BXSL
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001736035-25-000021
Chunk: 98

Company: Blackstone Secured Lending Fund
Filing Date: 2025-11-10
Form: 10-Q
Item: Part I, Item 1
Chunk 98
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ized Appreciation (Depreciation)Wells Fargo Bank, N.A.USD57,979 CAD80,000 12/18/2025$344 Wells Fargo Bank, N.A.USD76,833 EUR65,250 12/18/2025(81)Wells Fargo Bank, N.A.USD23,727 GBP17,500 12/18/2025200 Wells Fargo Bank, N.A.USD39,953 GBP29,500 12/18/2025293 Wells Fargo Bank, N.A.USD14,405 SEK133,956 12/18/2025104 Total Foreign Currency Forward Contracts$860 

Interest Rate SwapsCounterpartyHedged ItemCompany ReceivesCompany PaysMaturity DateNotional AmountFair Market ValueUpfront Payments / ReceiptsChange in Unrealized Appreciation (Depreciation) (1)SMBC Capital Markets, Inc.November 2027 Notes5.88%SOFR +1.38%11/15/2027$400,000 $14,460 $— $10,465 Wells Fargo Bank, N.A.April 2028 Notes5.35%SOFR +1.65%4/13/2028400,000 7,485 — 13,340 Wells Fargo Bank, N.A.April 2028 Notes5.35%SOFR +1.39%4/13/2028300,000 3,409 — 4,718 Wells Fargo Bank, N.A.June 2030 Notes5.30%SOFR +1.46%6/30/2030500,000 15,698 — 15,698 Total Interest Rate Swaps$41,052 $— $44,221 

(1)For interest rate swaps designated in qualifying hedge relationships, the change in fair value is recorded in Interest expense in the Condensed Consolidated Statements of Operations.

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

52

Table of ContentsBlackstone Secured Lending FundCondensed Consolidated Schedule of InvestmentsDecember 31, 2024(in thousands)(Unaudited)

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