Company: BXSL
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001736035-25-000018
Chunk: 90

Company: Blackstone Secured Lending Fund
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 1
Chunk 90
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 — Material+ Holding Company, LLC— — — — — — — Total$29,347 $1,013 $— $(850)$— $29,510 $1,151 

(17)Loan was on non-accrual status as of June 30, 2025.

(18)These loans are “last-out” portions of loans. The “last-out” portion of the Company’s loan investment generally earns a higher interest rate than the “first-out” portion, and in exchange the “first-out” portion would generally receive priority with respect to payment principal, interest and any other amounts due thereunder over the “last-out” portion.

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Table of ContentsBlackstone Secured Lending FundCondensed Consolidated Schedule of InvestmentsJune 30, 2025(in thousands)(Unaudited)

(19)All securities are exempt from registration under the Securities Act of 1933, as amended (the “Securities Act”), excluding Axsome Therapeutics, Inc. - Common Stock, and may be deemed to be “restricted securities.” As of June 30, 2025, the aggregate fair value of these securities is $13,251.4 million or 210.76% of the Company’s net assets. The initial acquisition dates have been included for such securities.

(20)The interest rate floor on these investments as of June 30, 2025 was 3.00%.

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Table of ContentsBlackstone Secured Lending FundCondensed Consolidated Schedule of InvestmentsJune 30, 2025(in thousands)(Unaudited)

ADDITIONAL INFORMATION

Foreign Currency Forward ContractsCounterpartyCurrency PurchasedCurrency SoldSettlement DateUnrealized Appreciation (Depreciation)Wells Fargo Bank, N.A.USD58,793 CAD80,000 9/18/2025$(167)Wells Fargo Bank, N.A.USD75,344 EUR65,250 9/18/2025(1,848)Wells Fargo Bank, N.A.USD39,958 GBP29,500 9/18/2025(539)Wells Fargo Bank, N.A.USD14,098 SEK133,956 9/18/2025(92)Total Foreign Currency Forward Contracts$(2,646)

Interest Rate SwapsCounterpartyHedged ItemCompany ReceivesCompany PaysMaturity DateNotional AmountFair Market