Company: BXSL
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001736035-25-000018
Chunk: 334

Company: Blackstone Secured Lending Fund
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 8
Chunk 334
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ized appreciation (depreciation)Foreign currency forward contracts$(3,126)$— $(5,047)$— Net change in unrealized appreciation (depreciation)$(3,126)$— $(5,047)$— Realized gain (loss)Foreign currency forward contracts$(7,673)$— $(9,727)$— Net realized gain (loss)$(7,673)$— $(9,727)$— Offsetting of Derivative InstrumentsThe Company has elected to offset cash collateral posted to or received from its counterparty against the net fair value of derivative instruments with that counterparty. The following tables present the offsetting of the Company’s derivative financial instruments as of June 30, 2025 and December 31, 2024:

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Table of ContentsBlackstone Secured Lending FundNotes to Condensed Consolidated Financial Statements(Unaudited)(in thousands, except share amounts, per share data, percentages and as otherwise noted)

As of June 30, 2025CounterpartyDerivative Assets Subject to Master Netting AgreementDerivatives Available for OffsetCash Collateral OffsetNet Amount Derivative AssetCash Collateral Received (1)Cash Collateral Received Not Offset (2)SMBC Capital Markets, Inc.$8,969 $— $— $8,969 $— $— Wells Fargo Bank, N.A.14,022 (2,646)— 11,376 — — $22,991 $(2,646)$— $20,345 $— $— CounterpartyDerivative Liabilities Subject to Master Netting AgreementDerivatives Available for OffsetCash Collateral OffsetNet Amount Derivative LiabilitiesCash Collateral Posted (1)Cash Collateral Posted Not Offset (2)SMBC Capital Markets, Inc.$— $— $— $— $1,770 $1,770 Wells Fargo Bank, N.A.(2,646)2,646 — — 9,300 9,300 $(2,646)$2,646 $— $— $11,070 $11,070 As of December 31, 2024CounterpartyDerivative Assets Subject to Master Netting AgreementDerivatives Available for OffsetCash Collateral OffsetNet Amount Derivative AssetCash Collateral Received (1)Cash Collateral Received Not Offset (2)SMBC Capital Markets, Inc