Company: BXSL
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001736035-25-000021
Chunk: 3

Company: Blackstone Secured Lending Fund
Filing Date: 2025-11-10
Form: 10-Q
Item: Part I, Item 1
Chunk 3
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 CapitalDistributable Earnings (Loss)Total Net AssetsBalance, June 30, 2025$230 $6,009,106 $278,960 $6,288,296 Issuance of Common Shares, net of offering and underwriting costs1 21,205 — 21,206 Reinvestment of dividends (1)— 5,474 — 5,474 Net investment income after tax expense— — 189,474 189,474 Net change in unrealized appreciation (depreciation), net of income tax (provision) benefit— — (36,323)(36,323)Net realized gain (loss), net of tax expense— — (20,714)(20,714)Dividends declared and payable from net investment income— — (177,837)(177,837)Balance, September 30, 2025$231 $6,035,785 $233,560 $6,269,576 

Par AmountAdditional Paid in CapitalDistributable Earnings (Loss)Total Net AssetsBalance, December 31, 2024$222 $5,749,762 $326,537 $6,076,521 Issuance of Common Shares, net of offering and underwriting costs9 270,039 — 270,048 Reinvestment of dividends (1)— 15,984 — 15,984 Net investment income after tax expense— — 554,172 554,172 Net change in unrealized appreciation (depreciation), net of income tax (provision) benefit— — (91,497)(91,497)Net realized gain (loss), net of tax expense— — (25,387)(25,387)Dividends declared and payable from net investment income— — (530,265)(530,265)Balance, September 30, 2025$231 $6,035,785 $233,560 $6,269,576 

(1)The par amount of the shares is less than 1,000 and rounds to zero.

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

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Table of ContentsBlackstone Secured Lending FundCondensed Consolidated Statements of Changes in Net Assets(in thousands)(Unaudited)

Par AmountAdditional Paid in CapitalDistributable Earnings