Company: BXSL
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001736035-25-000021
Chunk: 97

Company: Blackstone Secured Lending Fund
Filing Date: 2025-11-10
Form: 10-Q
Item: Part I, Item 1
Chunk 97
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 Group, LLC$— $8,527 $— $— $— $8,527 $229 Align Precision Group, LLC— 1,179 — 7 — 1,186 70 Align Precision Group, LLC - Class A-3 Units— 384 — 1,376 — 1,760 — Blackstone Donegal Holdings LP - LP Interests (Westland Insurance Group LTD) 6,403 — — (1,066)— 5,337 — Material Holdings, LLC21,547 915 (156)(49)— 22,257 1,740 Material Holdings, LLC1,397 141 — (1,436)— 102 — Material Holdings, LLC— 441 — (1)— 440 — Material+ Holding Company, LLC - Class C Units— — — — — — — Total$29,347 $11,587 $(156)$(1,169)$— $39,609 $2,039 

(17)Loan was on non-accrual status as of September 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.

(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 September 30, 2025, the aggregate fair value of these securities is $13,808.0 million or 220.23% 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 September 30, 2025 was 3.00%.

51

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

ADDITIONAL INFORMATION

Foreign Currency Forward ContractsCounterpartyCurrency PurchasedCurrency SoldSettlement DateUnreal