Company: BXSL
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0001736035-25-000013
Chunk: 216

Company: Blackstone Secured Lending Fund
Filing Date: 2025-05-07
Form: 10-Q
Item: Part I, Item 1
Chunk 216
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 (1)“At-the-market” Offering5,761,648 $186,697 $1,867 $184,830 $32.08 (1)Represents the net offering price per share after deducting placement fees and commissions and offering expenses.

The following table summarizes the total Common Shares issued and proceeds received, for the three months ended March 31, 2024, through the “at-the-market” offering program:Issuances of Common SharesNumber of Common Shares IssuedGross ProceedsPlacement Fees/Offering ExpensesNet ProceedsAverage Share Price (1)“At-the-market” Offering5,885,546 $162,726 $704 $162,022 $27.53 (1)Represents the net offering price per share after deducting placement fees and commissions and offering expenses.

Distributions The following table summarizes the Company’s distributions declared and payable for the three months ended March 31, 2025 (dollars in thousands except per share amounts):Date DeclaredRecord DatePayment DatePer Share AmountTotal AmountFebruary 26, 2025March 31, 2025April 25, 2025$0.7700 $175,421 Total distributions$0.7700 $175,421 

The following table summarizes the Company’s distributions declared and payable for the three months ended March 31, 2024 (dollars in thousands except per share amounts):Date DeclaredRecord DatePayment DatePer Share AmountTotal AmountFebruary 28, 2024March 31, 2024April 26, 2024$0.7700 $147,743 Total distributions$0.7700 $147,743 

Dividend ReinvestmentThe Company has adopted the DRIP, pursuant to which it reinvests all cash dividends declared by the Board on behalf of its shareholders who do not elect to receive their dividends in cash. As a result, if the Board and the Company declares a cash dividend or other distribution, then the Company’s shareholders who have not opted out of the DRIP will have their cash distributions automatically reinvested in additional shares as described below, rather than receiving the cash dividend or other distribution. Starting from the consummation of the IPO, the number of shares to be issued to a shareholder is determined by dividing the total dollar amount of the cash dividend or distribution payable to a shareholder by the market price per common share at the close of regular trading on